In a recent bid First Majestic Silver Corp. [AG] faced a contemporary bid of $10.67 yielding a 12.72% incline where 1.64 million shares have exchanged hands over the last week. AG amount got a fall by -1.31% or -$0.14 versus $10.81 at the end of the prior session. This change led market cap to move at 2.37B, putting the price 155.83% below the 52-week high and -26.78% above the 52-week low. The company’s stock has a normal trading capacity of 1.64 million shares while the relative volume is 0.65.

On 13, October 2020, First Majestic Produces 3.2M Oz Silver and 25,771 Oz Gold (5.2M Silver Eqv. Oz) in the Third Quarter. According to news published on Yahoo Finance, First Majestic Silver Corp. (“First Majestic” or the “Company”) announces that total production in the third quarter of 2020 reached 5.2 million silver equivalent ounces consisting of 3.2 million ounces of silver and 25,771 ounces of gold. Quarterly silver and gold production increased 72% and 63%, respectively, compared to the prior quarter following Mexico’s Ministry of Health’s Federal Decree requiring all non-essential businesses, including mining, to temporarily suspend activities throughout most of April and May in response to the global pandemic. In the first nine months of 2020, the Company produced 8.1 million ounces of silver and 73,738 ounces of gold for a total production of 14.9 million silver equivalent ounces.

Analyst Birdseye View:

The most recent analyst activity for First Majestic Silver Corp. [NYSE:AG] stock was on March 01, 2019, when it was Initiated with a Neutral rating from B. Riley FBR, which also raised its 12-month price target on the stock to $6. On May 15, 2018, TD Securities Upgrade a Buy rating. On May 14, 2018, BMO Capital Markets Resumed a Market perform rating. On April 25, 2018, ROTH Capital Initiated a Buy rating and increased its price target to $9. On January 26, 2018, National Bank Financial Downgrade a Sector perform rating. On December 22, 2017, BMO Capital Markets Downgrade an Underperform rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $4.17 and a peak of $14.57. Right now, according to Wall Street analyst the average 12-month amount target is $13.86. At the most recent market close, shares of First Majestic Silver Corp. [NYSE:AG] were valued at $10.67. According to the average price forecast, investors can expect a potential return of 35.97%.

FUNDAMENTAL ANALYSIS

First Majestic Silver Corp. [NYSE:AG] most recently reported quarterly sales of 48.29 billion, which represented growth of -58.30%. This publicly-traded organization’s revenue is $96,294 per employee, while its income is -$10,709 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -4.13, -6.43, 2.86 and -5.12 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 21.16 and the whole liability to whole assets at 17.29. It shows enduring liability to the whole principal at 20.20 and enduring liability to assets at 0.17 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 10.63 points at 1st support level, the second support level is making up to 10.45. But as of 1st resistance point, this stock is sitting at 10.98 and at 11.15 for 2nd resistance point.

First Majestic Silver Corp. [AG] reported its earnings at -$0.04 per share in the fiscal quarter closing of 12/30/2017. The Analysts for Wall Street were expecting to report its earnings at -$0.02/share signifying the difference of -0.02 and -100.00% surprise value. Comparing the previous quarter ending of 9/29/2017, the stated earnings were $0 calling estimates for $0.01/share with the difference of -0.01 depicting the surprise of -100.00%.

Important Ratio’s To Watch

Quick ratio, showing Cash ratio at 2.44. Now if looking for a valuation of this stock’s amount to sales ratio it’s 6.65 and it’s amount to book ratio is 3.86.