AG Stock Summary and Trading Ideas (First Majestic Silver Corp. Ordinary Shares (Canada) | NYSE:AG)

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 January 28, 2025, AG stock price declined to $5.14 with 6,015,033 million shares trading.

AG has a beta of 1.84, meaning it tends to be more sensitive to market movements. AG has a correlation of 0.14 to the broad based SPY ETF.

AG has a market cap of $2.46 billion. This is considered a Mid Cap stock.

Last quarter First Majestic Silver Corp. Ordinary Shares (Canada) reported $146 million in Revenue and -$.03 earnings per share. This beat revenue expectation by $10 million and missed earnings estimates by -$.04.

In the last 3 years, AG traded as high as $14.59 and as low as $4.17.

The top ETF exchange traded funds that AG belongs to (by Net Assets): GDXJ, GDX, SIL, SLVP, DFAC.

AG has underperformed the market in the last year with a price return of +6.1% while the SPY ETF gained +25.2%. AG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.9% and -7.4%, respectively, while the SPY returned +4.5% and +3.8%, respectively.

AG support price is $5.07 and resistance is $5.47 (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 shares will trade within this expected range on the day.