First Majestic Silver Corporation (AG) Stock Could Soon Reward Patient Investors

First Majestic Silver Corporation (NYSE: AG) is -2.44% lower on its value in year-to-date trading and has touched a low of $4.17 and a high of $8.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AG stock was last observed hovering at around $6.30 in the last trading session, with the day’s loss setting it -0.3%.

Currently trading at $6.00, the stock is 4.98% and 6.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.34 million and changing -4.76% at the moment leaves the stock 1.07% off its SMA200. AG registered 18.34% gain for a year compared to 6-month loss of -3.54%. The firm has a 50-day simple moving average (SMA 50) of $5.6396 and a 200-day simple moving average (SMA200) of $5.9389.

The stock witnessed a 7.33% gain in the last 1 month and extending the period to 3 months gives it a 4.17%, and is -0.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.38% over the week and 5.32% over the month.

First Majestic Silver Corporation (AG) has around 3746 employees, a market worth around $1.81B and $512.34M in sales. Fwd P/E is 33.65. Profit margin for the company is -15.37%. Distance from 52-week low is 43.88% and -28.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.89%).

with sales reaching $136M over the same period.The EPS is expected to shrink by -104.17% this year, but quarterly earnings will post -8.30% year-over-year.

First Majestic Silver Corporation (AG) Top Institutional Holders

313.0 institutions hold shares in First Majestic Silver Corporation (AG), with institutional investors hold 39.09% of the company’s shares. The shares outstanding are 301.62M, and float is at 296.62M with Short Float at 8.38%. Institutions hold 38.25% of the Float.

The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 28.15 million shares valued at $166.64 million. The investor’s holdings represent 9.8005% of the AG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.62 million shares valued at $62.9 million to account for 3.6992 of the shares outstanding. The other top investors are MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. which holds 7.86 million shares representing 2.7357% and valued at over $46.51 million, while FIL LTD holds 2.7346 of the shares totaling 7.85 million with a market value of $46.5 million.