Are we looking at the next big move in First Majestic Silver Corporation (AG)?

First Majestic Silver Corporation (NYSE: AG) is -11.22% 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 $5.45 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $5.46, the stock is -10.21% and -17.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.56 million and changing 0.18% at the moment leaves the stock -13.97% off its SMA200. AG registered -10.49% loss for a year compared to 6-month gain of -10.20%. The firm has a 50-day simple moving average (SMA 50) of $6.5888 and a 200-day simple moving average (SMA200) of $6.3463.

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The stock witnessed a -16.51% loss in the last 1 month and extending the period to 3 months gives it a -9.75%, and is -9.45% 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 4.21% over the week and 4.09% over the month.

First Majestic Silver Corporation (AG) has around 3746 employees, a market worth around $1.65B and $525.21M in sales. Fwd P/E is 21.33. Profit margin for the company is -14.88%. Distance from 52-week low is 30.94% and -35.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.90%).

The EPS is expected to shrink by -87.32% this year.

First Majestic Silver Corporation (AG) Top Institutional Holders

320.0 institutions hold shares in First Majestic Silver Corporation (AG), with institutional investors hold 43.83% of the company’s shares. The shares outstanding are 301.72M, and float is at 296.78M with Short Float at 10.25%. Institutions hold 43.19% 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.