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 four producing mines, three mines in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine in Nevada.

First Majestic Silver Corp. Ordinary Shares (Canada) trades on the NYSE stock market under the symbol AG.

As of March 23, 2023, AG stock price climbed to $6.47 with 8,618,370 million shares trading.

AG has a beta of 1.21, meaning it tends to be more sensitive to market movements. AG has a correlation of 0.23 to the broad based SPY ETF.

AG has a market cap of $1.78 billion. This is considered a Small Cap stock.

Last quarter First Majestic Silver Corp. Ordinary Shares (Canada) reported $148 million in Revenue and -$.07 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.04.

In the last 3 years, AG stock traded as high as $24.01 and as low as $5.44.

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

AG has underperformed the market in the last year with a return of -52.9%, while the SPY ETF lost -11.1%. In the last 3 month period, AG fell short of the market, returning -25.8%, while SPY returned +3.7%. However, in the most recent 2 weeks AG has outperformed the stock market by returning +9.1%, while SPY returned -1.1%.

AG support price is $5.99 and resistance is $6.49 (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.