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

First Majestic Silver Corporation (NYSE: AG) is -0.65% 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 $6.14 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $6.11, the stock is -5.59% and -8.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.14 million and changing -0.49% at the moment leaves the stock -2.15% off its SMA200. AG registered 3.56% gain for a year compared to 6-month gain of -14.66%. The firm has a 50-day simple moving average (SMA 50) of $6.6628 and a 200-day simple moving average (SMA200) of $6.2437.

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The stock witnessed a -20.55% loss in the last 1 month and extending the period to 3 months gives it a 9.30%, and is -5.12% 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 2.94% over the week and 4.21% over the month.

First Majestic Silver Corporation (AG) has around 3746 employees, a market worth around $1.84B and $525.21M in sales. Fwd P/E is 25.89. Profit margin for the company is -14.88%. Distance from 52-week low is 46.52% and -27.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.90%).

with sales reaching $229.02M over the same period.The EPS is expected to shrink by -89.82% this year, but quarterly earnings will post -1.27% year-over-year. Quarterly sales are estimated to grow 23.89% in year-over-year returns.

First Majestic Silver Corporation (AG) Top Institutional Holders

316.0 institutions hold shares in First Majestic Silver Corporation (AG), with institutional investors hold 43.58% of the company’s shares. The shares outstanding are 301.76M, and float is at 296.69M with Short Float at 10.25%. Institutions hold 42.94% 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.