6-Sep-2024
Business Wire (Sat, 7-Sep 12:31 AM ET)
BofA latest to cut oil price view on weak demand, limiting OPEC's ability to boost output
Seeking Alpha News (Fri, 6-Sep 7:20 PM ET)
Scotiabank Reaffirms Their Hold Rating on First Majestic Silver (AG)
TipRanks (Fri, 6-Sep 7:07 AM ET)
Strategic Merger Bolsters First Majestic’s Growth and Synergy Prospects
TipRanks (Fri, 6-Sep 6:16 AM ET)
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Gatos Silver, Inc.
Globe Newswire (Thu, 5-Sep 4:26 PM ET)
PRNewswire (Thu, 5-Sep 3:50 PM ET)
Business Wire (Thu, 5-Sep 2:25 PM ET)
First Majestic Silver Expands with Gatos Acquisition
TipRanks (Thu, 5-Sep 8:20 AM ET)
First Majestic Silver to buy Gatos Silver in $970M all-stock deal
Seeking Alpha News (Thu, 5-Sep 7:22 AM ET)
First Majestic Announces Agreement to Acquire Gatos Silver
Globe Newswire (Thu, 5-Sep 7:00 AM ET)
First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns three producing mines, in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.
First Majestic Silver Corp. Ordinary Shares (Canada) trades on the NYSE stock market under the symbol AG.
As of September 6, 2024, AG stock price declined to $4.63 with 13,946,449 million shares trading.
AG has a beta of 1.46, meaning it tends to be more sensitive to market movements. AG has a correlation of 0.09 to the broad based SPY ETF.
AG has a market cap of $1.40 billion. This is considered a Small Cap stock.
Last quarter First Majestic Silver Corp. Ordinary Shares (Canada) reported $136 million in Revenue and -$.07 earnings per share. This beat revenue expectation by $13 million and missed earnings estimates by -$.06.
In the last 3 years, AG stock traded as high as $14.67 and as low as $4.17.
The top ETF exchange traded funds that AG belongs to (by Net Assets): GDX, GDXJ, SIL, SILJ, SLVP.
AG has underperformed the market in the last year with a price return of -18.2% while the SPY ETF gained +22.6%. AG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.3% and -19.9%, respectively, while the SPY returned +1.4% and -3.9%, respectively.
AG support price is $4.73 and resistance is $5.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AG stock will trade within this expected range on the day.