First Majestic Silver Corporation [AG] stock is trading at $5.31, saw in change for the day. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AG shares have gain 12.50% over the last week, with a monthly amount glided 13.70%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, First Majestic Announces Financial Results for Q4 2023, FY2023, Quarterly Dividend Payment and Deferral of Silver Sales. In a post published today on Yahoo Finance, Vancouver, British Columbia–(Newsfile Corp. – February 22, 2024) – First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the “Company” or “First Majestic”) is pleased to announce the consolidated financial results of the Company for the fourth quarter and year ended December 31, 2023. The full version of the audited annual financial statements and the management’s discussion and analysis can be viewed on the Company’s website at www.firstmajestic.com or on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.
From an analyst’s perspective:
Previously, TD Securities upgraded its rating to Buy on December 07, 2021. On October 20, 2020, upgrade upgraded it’s rating to Buy. TD Securities downgraded its rating to a Hold. B. Riley FBR initiated its recommendation with a Neutral and recommended $6 as its price target on March 01, 2019. TD Securities upgraded its rating to Buy for this stock on May 15, 2018.
First Majestic Silver Corporation [AG] stock has fluctuated between $4.17 and $8.07 over the past year. First Majestic Silver Corporation [NYSE: AG] shares were valued at $5.31 at the most recent close of the market.
Analyzing the AG fundamentals
First Majestic Silver Corporation [NYSE:AG] reported sales of 573.80M for the trailing twelve months, which represents a drop of -7.59%. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.34%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.1 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.20 points at the first support level, and at 5.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.41, and for the 2nd resistance point, it is at 5.52.
First Majestic Silver Corporation [AG] reported earnings per share of -$0.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of $0.01 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.04 per share as compared to estimates of $0.02 per share, a difference of -$0.06 representing a surprise of -300.00%.
Ratios To Look Out For
For context, First Majestic Silver Corporation’s Current Ratio is 2.57. As well, the Quick Ratio is 2.04, while the Cash Ratio is 1.05. Considering the valuation of this stock, the price to sales ratio is 2.66, the price to book ratio is 1.12.
