First Majestic Silver Corporation (NYSE: AG) is 2.19% 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 $5.73 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $5.61, the stock is -1.23% and -6.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.08 million and changing -2.09% at the moment leaves the stock -11.50% off its SMA200. AG registered 19.11% gain for a year compared to 6-month loss of -9.37%. The firm has a 50-day simple moving average (SMA 50) of $6.0144 and a 200-day simple moving average (SMA200) of $6.3392.
The stock witnessed a 2.00% gain in the last 1 month and extending the period to 3 months gives it a -23.15%, and is -3.94% 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 6.81% over the week and 4.83% over the month.
First Majestic Silver Corporation (AG) has around 3746 employees, a market worth around $2.76B and $525.21M in sales. Fwd P/E is 19.23. Profit margin for the company is -14.88%. Distance from 52-week low is 34.53% and -33.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.90%).
with sales reaching $225.63M over the same period.The EPS is expected to shrink by -97.92% this year, but quarterly earnings will post 1.05% year-over-year. Quarterly sales are estimated to grow 22.05% in year-over-year returns.
319.0 institutions hold shares in First Majestic Silver Corporation (AG), with institutional investors hold 36.84% of the company’s shares. The shares outstanding are 491.86M, and float is at 483.48M with Short Float at 8.15%. Institutions hold 36.51% 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.
