At the time of writing, First Majestic Silver Corporation [AG] stock is trading at $7.79, up 3.87%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AG shares have gain 32.48% over the last week, with a monthly amount glided 52.75%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, First Majestic Announces 2023 Mineral Reserve and Mineral Resource Estimates. In a post published today on Yahoo Finance, Vancouver, British Columbia–(Newsfile Corp. – April 1, 2024) – First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the “Company” or “First Majestic”) is pleased to announce the 2023 Mineral Reserve and Mineral Resource estimates for its four material mineral properties with an effective date of December 31, 2023. Three material properties are currently in production: the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine. The fourth material property, the Jerritt Canyon Gold Mine, is currently in temporary suspension in respect of mining activities, with the Company currently focused on exploration, definition, and expansion of the mineral resources, and the optimization of mine planning and plant operations.
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.
For the past year, the stock price of First Majestic Silver Corporation fluctuated between $4.17 and $8.07. First Majestic Silver Corporation [NYSE: AG] shares were valued at $7.79 at the most recent close of the market.
Analyzing the AG fundamentals
According to First Majestic Silver Corporation [NYSE:AG], the company’s sales were 573.80M for trailing twelve months, which represents an -7.59% plunge. 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 7.47 points at the first support level, and at 7.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.99, and for the 2nd resistance point, it is at 8.20.
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
It is important to note that First Majestic Silver Corporation [NYSE:AG] has a current ratio of 2.57. In addition, the Quick Ratio stands at 2.04 and the Cash Ratio stands at 1.05. Considering the valuation of this stock, the price to sales ratio is 3.90, the price to book ratio is 1.65.
