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

First Majestic Silver Corporation (NYSE: AG) is 6.18% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AG stock was last observed hovering at around $6.52 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $6.53, the stock is 3.98% and 13.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.01 million and changing 0.15% at the moment leaves the stock 9.84% off its SMA200. AG registered 32.72% gain for a year compared to 6-month loss of -12.82%. The firm has a 50-day simple moving average (SMA 50) of $5.7408 and a 200-day simple moving average (SMA200) of $5.945.

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The stock witnessed a 6.53% gain in the last 1 month and extending the period to 3 months gives it a -4.53%, and is 5.32% up 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 3.73% over the week and 4.20% over the month.

First Majestic Silver Corporation (AG) has around 3746 employees, a market worth around $1.97B and $512.34M in sales. Fwd P/E is 37.31. Profit margin for the company is -15.37%. Distance from 52-week low is 56.59% and -22.63% 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 38.35% of the company’s shares. The shares outstanding are 301.62M, and float is at 296.63M with Short Float at 9.58%. Institutions hold 37.78% 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.