First Majestic Silver Corporation (NYSE: AG) is -2.37% lower on its value in year-to-date trading and has touched a low of $4.43 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 $5.37 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $5.36, the stock is -4.78% and -4.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.8 million and changing -0.19% at the moment leaves the stock -12.59% off its SMA200. AG registered 20.99% gain for a year compared to 6-month gain of -3.25%.
The stock witnessed a -10.52% loss in the last 1 month and extending the period to 3 months gives it a -12.70%, and is -5.47% 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 5.64% over the week and 5.66% over the month.
First Majestic Silver Corporation (AG) has around 3746 employees, a market worth around $2.59B and $560.60M in sales. Fwd P/E is 16.87. Profit margin for the company is -18.17%. Distance from 52-week low is 20.99% and -36.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.49%).
with sales reaching $330.64M over the same period.The EPS is expected to grow by 256.88% this year, but quarterly earnings will post 57.96% year-over-year. Quarterly sales are estimated to grow 127.27% in year-over-year returns.
First Majestic Silver Corporation (AG) Top Institutional Holders
The shares outstanding are 484.09M, and float is at 430.37M with Short Float at 5.66%.
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 9.6389% 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 2.6906% and valued at over $46.51 million, while FIL LTD holds 2.6895 of the shares totaling 7.85 million with a market value of $46.5 million.
First Majestic Silver Corporation (AG) Insider Activity
A total of 0 insider transactions have happened at First Majestic Silver Corporation (AG) in the last six months, with sales accounting for 0 and purchases happening 0 times.
First Majestic Silver Corporation (AG): Who are the competitors?
The company’s main competitors (and peers) include Hecla Mining Co. (HL) that is trading 29.92% up over the past 12 months. Endeavour Silver Corp. (EXK) that is 103.39% higher over the same period.
