In yesterday’s Wall Street session, First Majestic Silver Corporation (NYSE:AG) shares traded at $5.16, up 4.24% from the previous session.
6 analysts cover First Majestic Silver Corporation (NYSE:AG), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $6.12, we find $7.88. Given the previous closing price of $4.95, this indicates a potential upside of 59.19 percent. AG stock price is now -11.53% away from the 50-day moving average and -22.79% away from the 200-day moving average. The market capitalization of the company currently stands at $1.48B.
The stock has received a hold rating from 4 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $8.53 as their price target over the next twelve months.
A total of 2.31% 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 Corporation shares was purchased by ETF MANAGERS GROUP, LLC during the first quarter worth $66,577,000. GTS SECURITIES LLC invested $1,136,000 in shares of AG during the first quarter. In the first quarter, WEST TOWER GROUP, LLC acquired a new stake in First Majestic Silver Corporation valued at approximately $555,000. AGF MANAGEMENT LTD acquired a new stake in AG for approximately $426,000. RAFFLES ASSOCIATES LP purchased a new stake in AG valued at around $258,000 in the second quarter. In total, there are 308 active investors with 34.11% ownership of the company’s stock.
On Tuesday morning First Majestic Silver Corporation (NYSE: AG) stock kicked off with the opening price of $4.95. During the past 12 months, First Majestic Silver Corporation has had a low of $4.81 and a high of $9.81. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 2.89, and a quick ratio of 2.43. The fifty day moving average price for AG is $5.80 and a two-hundred day moving average price translates $6.66 for the stock.
The latest earnings results from First Majestic Silver Corporation (NYSE: AG) was released for Jun, 2023. According to the Silver Company, earnings per share came in at -$0.02, beating analysts’ expectations of -$0.03 by 0.01. This compares to -$0.32 EPS in the same period last year. The net profit margin was -25.46% and return on equity was -11.36% for AG. The company reported revenue of $146.69 million for the quarter, compared to $159.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.0 percent.
Moreover, the firm recently paid out its quarterly dividend on 08/31/2023. Investors who held shares on 08/16/2023 were paid a $0.0051 dividend. On an annualized basis, this represents a $0.01 dividend and a 0.29% percent yield. There was an ex-dividend date of 08/15/2023 for this dividend.
First Majestic Silver Corporation(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.
