In yesterday’s Wall Street session, First Majestic Silver Corp. (NYSE:AG) shares traded at $6.99, up 1.01% from the previous session.
5 analysts cover First Majestic Silver Corp. (NYSE:AG), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $10.44 and a low of $7.00, we find $8.23. Given the previous closing price of $6.92, this indicates a potential upside of 18.93 percent. AG stock price is now 17.50% away from the 50-day moving average and -5.93% away from the 200-day moving average. The market capitalization of the company currently stands at $1.92B.
The stock has received a hold rating from 3 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $8.73 as their price target over the next twelve months.
Insiders disposed of 502,273 shares of company stock worth roughly $3.51 million over the past 1 year. A total of 2.32% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AG stock. A new stake in First Majestic Silver Corp. shares was purchased by ETF MANAGERS GROUP, LLC during the first quarter worth $90,189,000. RENAISSANCE TECHNOLOGIES LLC invested $7,377,000 in shares of AG during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in First Majestic Silver Corp. valued at approximately $4,465,000. MAN GROUP PLC acquired a new stake in AG for approximately $2,730,000. GROUP ONE TRADING, L.P. purchased a new stake in AG valued at around $1,376,000 in the second quarter. In total, there are 313 active investors with 36.52% ownership of the company’s stock.
On Wednesday morning First Majestic Silver Corp. (NYSE: AG) stock kicked off with the opening price of $6.92. During the past 12 months, First Majestic Silver Corp. has had a low of $5.24 and a high of $9.81. The fifty day moving average price for AG is $5.95 and a two-hundred day moving average price translates $7.43 for the stock.
The latest earnings results from First Majestic Silver Corp. (NYSE: AG) was released for Mar, 2023. According to the Silver Company, earnings per share came in at $0, beating analysts’ expectations of -$0.01 by 0.01. This compares to $0.03 EPS in the same period last year. The company reported revenue of $156.95 million for the quarter, compared to $156.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.07 percent.
Moreover, the firm recently paid out its quarterly dividend on 06/09/2023. Investors who held shares on 05/18/2023 were paid a $0.0057 dividend.
First Majestic Silver Corp.(AG) Company Profile
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine that consists of 119 individual concessions covering an area of 71,839 hectares located in Durango and Sinaloa States, México; the Santa Elena comprising 32 individual concessions that covers an area of 102,172 hectares located in Sonora State, México; and the La Encantada consists of 22 exploitation concessions covering an area of 4,076 hectares located in Coahuila State, México. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.
