First Majestic Silver Corp. (AG)’s stock is trading at $7.95 at the moment marking a fall of -1.18% from the last session close. As of this writing, shares are priced at -45.48% less than their 52-week high of $14.59, and 26.07% over their 52-week low of $6.31. Based on the past 30-day period, the stock price is -10.96% below the high and +5.14% above the low.
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The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, AG’s SMA-200 is $8.51.
Further, it is important to consider AG stock ratios, particularly its price-to-sales ratio over the past twelve months, which stands at 3.22.
How does First Majestic Silver Corp. (AG) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 6 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 3.50 in simple terms.
First Majestic Silver Corp. (AG): Earnings History
If we examine First Majestic Silver Corp.’s recent earnings history, in the last quarter ended on 6/29/2022, it posted adjusted earnings per share of -$0.02, beating the consensus of $0.02. In other words, it topped the consensus by -$0.04, resulting in a -200.00% surprise. In the 3 months period before the previous quarter which was closed on 6/29/2022, the stock recorded adjusted earnings per share of -$0.02 in contrast with the Outlook of $0.02. That was a difference of -$0.04 and a surprise of -200.00%.
First Majestic Silver Corp. (NYSE: AG) Ownership Details
I will give a breakdown of the key shareholders in First Majestic Silver Corp. (AG). Recent figures show that the company’s insiders hold 9.75% of shares. A total of 311 institutional investors hold shares in the company, making 34.85% of its stock and 38.61% of its float.
Jun 29, 2022, it was reported that the Company’s largest institutional holder is Van Eck Associates Corporation holding total of 26.3 million shares that make 10.00% of the company’s total number of shares and are currently priced at 188.81 million.
The securities firm ETF Managers Group, LLC holds 11.04 million shares of AG, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 4.20%, and the holding percentage of shares is valued at 79.28 million.
An overview of First Majestic Silver Corp.’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests First Majestic Silver Corp. (AG) traded 5,576,207 shares per day, with a moving average of $8.51 and price change of -0.60. With the moving average of $8.84 and a price change of -1.48, about 5,781,839 shares changed hands on average over the past 50 days. Finally, AG’s 100-day average volume is 6,812,308 shares, alongside a moving average of $8.43 and a price change of +0.80.
