First Majestic Silver Corp. (NYSE: AG)’s Stock Adds 0.85%, Making It A Good Investment

The trading price of First Majestic Silver Corp. (NYSE:AG) floating higher at last check on Tuesday, October 12, closing at $11.31, 0.85% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $11.20 and $11.558. The company’s P/E ratio in the trailing 12-month period was 42.99, while its 5Y monthly beta was 0.82. In examining the 52-week price action we see that the stock hit a 52-week high of $24.01 and a 52-week low of $9.62. Over the past month, the stock has lost -8.11% in value.

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First Majestic Silver Corp., whose market valuation is $2.82 billion at the time of this writing, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021. The dividend yield on the company stock is 0.18%, while its Forward Dividend ratio is 0.02. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.01 per share this quarter, however they have predicted annual earnings per share of $0.06 for 2018 and $0.07 for 2019. It means analysts are expecting annual earnings per share growth of 250.00% this year and 16.70% next year.

From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2018 is $347.67 million. The company’s revenue is forecast to grow by 37.80% over what it did in 2018.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of First Majestic Silver Corp. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AG has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AG a recommendation rating is 6. Out of them, 4 rate it a Hold, while 1 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged First Majestic Silver Corp. (AG) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.92, which symbolizes a positive outlook. A quick review shows that AG’s price is currently -3.28% off the SMA20 and -7.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.40, and weekly volatility stands at 4.08%. When measured over the past 30 days, the indicator reaches 3.97%. First Majestic Silver Corp. (NYSE:AG)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.50. With analysts defining $10.65-$25.00 as the low and high price targets, we arrive at a consensus price target of $16.13 for the trailing 12-month period. The current price is about 5.84% off the estimated low and -121.04% off the forecast high, based on this estimate. Investors will be thrilled if AG’s share price rises to $14.97, which is the median consensus price. At that level, AG’s share price would be -32.36% below current price.

To see how First Majestic Silver Corp. stock has been performing today in comparison to its peers in the industry, here are the numbers: AG stock’s performance was 0.85% at last check in today’s session, and 6.25% in the past year, while Alexco Resource Corp. (AXU) has been trading 5.00% in recent session and positioned -45.45% lower than it was a year ago. Another comparable company Hecla Mining Company (HL) saw its stock trading -6.69% lower in today’s session but was up 0.22% in a year. Furthermore, Endeavour Silver Corp. (EXK) showed an increase of 2.02% today while its price kept inclining at 16.30% over the past year. First Majestic Silver Corp. has a P/E ratio of 42.99. Also during today’s trading, the S&P 500 Index has surged 0.09%, while the Dow Jones Industrial also saw a positive session, up 0.11% today.

An evaluation of the daily trading volume of First Majestic Silver Corp. (NYSE:AG) indicates that the 3-month average is 3.82 million. However, this figure has increased over the past 10 days to an average of 4.0 million.

Currently, records show that 251.51 million of the company’s shares remain outstanding. The insiders hold 15.58% of outstanding shares, whereas institutions hold 34.46%. The stats also highlight that short interest as of Aug 30, 2021, stood at 17.95 million shares, resulting in a short ratio of 4.87 at that time. From this, we can conclude that short interest is 7.00% of the company’s total outstanding shares. It is noteworthy that short shares in August were down slightly from the previous month’s figure, which was 18.65 million. However, since the stock’s price has seen -16.52% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.