A Look at First Majestic Silver Corporation (AG) Shares in the Recent Past Indicates Growth

With 11.73 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.46 million shares. During the session, the Silver company that operates in wider Basic Materials sector, reached to the highest price of $6.28 whereas the lowest price it dropped to was $5.98. The 52-week range on AG shows that it touched its highest point at $8.07 and its lowest point at $4.17 during that stretch. It currently has a 1-year price target of $5.75. With its current market cap of 1.79 billion, AG has annualized dividend of $0.02 while the current yield stands at 0.32%. Beta for the stock currently stands at 1.43.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AG was up-trending over the past week, with a rise of 16.26%, but this was up by 38.53% over a month. Three-month performance surged to 0.48% while six-month performance rose 22.68%. The stock lost -9.46% in the past year, while it has gained 1.14% so far this year. A look at the trailing 12-month EPS for AG yields -0.49 with Next year EPS estimates of 0.20. For the next quarter, that number is -0.02. This implies an EPS growth rate of 21.14% for this year and 409.10% for next year. EPS is expected to grow by 46.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.51%.

Float and Shares Shorts:

At present, 287.15 million AG shares are outstanding with a float of 280.48 million shares on hand for trading. On Mar 15, 2024, short shares totaled 19.95 million, which was 6.95% higher than short shares on Feb 15, 2024. In addition to PG as the firm’s Procter & Gamble Company (The), AI serves as its C3.ai, Inc.

Institutional Ownership:

Through their ownership of 35.95% of AG’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.