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 April 16, 2024, AG stock price declined to $6.84 with 18,765,989 million shares trading.

AG has a beta of 0.52, meaning it tends to be less sensitive to market movements. AG has a correlation of 0.01 to the broad based SPY ETF.

AG has a market cap of $1.96 billion. This is considered a Small Cap stock.

Last quarter First Majestic Silver Corp. Ordinary Shares (Canada) reported $137 million in Revenue and -$.03 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.01.

In the last 3 years, AG stock traded as high as $18.93 and as low as $4.17.

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

AG stock has underperformed the market in the last year with a return of -6.9%, while SPY returned +23.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AG shares. However, AG has outperformed the market in the last 3 month and 2 week periods, returning +22.2% and +10.0%, while SPY returned +6.0% and -3.6%, respectively. This indicates AG has been having a stronger performance recently.

AG support price is $7.14 and resistance is $7.84 (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.