While First Majestic Silver Corporation has overperformed by 5.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AG fell by -20.54%, with highs and lows ranging from $8.07 to $4.17, whereas the simple moving average fell by -10.01% in the last 200 days.
On September 14, 2023, BMO Capital Markets started tracking First Majestic Silver Corporation (NYSE: AG) recommending Market Perform. A report published by TD Securities on December 07, 2021, Upgraded its rating to ‘Buy’ for AG. B. Riley FBR initiated its ‘Neutral’ rating for AG, as published in its report on March 01, 2019. BMO Capital Markets also rated the stock as ‘Market Perform’.
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Analysis of First Majestic Silver Corporation (AG)
Investors in First Majestic Silver Corporation will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.02 per share. Further, the quarter-over-quarter decrease in sales is -7.59%, showing a negative trend in the upcoming months.
One of the most important indicators of First Majestic Silver Corporation’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -9.76% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.04, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and AG is recording 6.80M average volume. On a monthly basis, the volatility of the stock is set at 4.25%, whereas on a weekly basis, it is put at 4.40%, with a gain of 8.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.70, showing growth from the present price of $4.99, which can serve as yet another indication of whether AG is worth investing in or should be passed over.
How Do You Analyze First Majestic Silver Corporation Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.35%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.71% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AG shares are owned by institutional investors to the tune of 29.71% at present.
