AG stock: buy or sell?

AG stock price: $10.31 -1.25% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

3

First Majestic Silver shares depreciated -1.25% to $10.31 today.

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico.

Should I buy AG stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading strategy that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with First Majestic Silver stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is First Majestic Silver stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 3 ratings published for AG stock in the last month.

Is AG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-19HC Wainwrightn/aBuy
2019-3-1B. Rileyn/aNeutral
2019-1-15HC Wainwrightn/aBuy

AG stock analysis

Daily outlook

First Majestic Silver shares depreciated -1.25% to $10.31 today.

First Majestic Silver shares depreciated -1.25% to $10.31 today. Since last May when AG stock price broke up the SMA200d line, it gained $4.57 (79.62%). Since April when SMA100d and SMA200d crossed up, AG price gained $4.27 per share (70.70%).

AG stock chart (daily)

Weekly outlook

After sliding a spooky -8.18% in a week last week, First Majestic Silver closed this week at $10.31 and escalated a very good 4.14%. Early August AG rocketed an amazing 10.83% in just one week.

In a weekly time frame, First Majestic Silver stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, AG might consolidate in a flat-base, waiting to break out over or down under . Since price and SMA40w lines crossed up late May, AG climbed $4.64 (81.83%). Early April, SMA20w and SMA40w crossed up triggering a rise of 59.84%.

AG stock chart (weekly)

AG stock price history

AG IPO was on November 28th, 2006 at $3.90 per share1. Since then, AG stock surged a 164.40%, with an average of 13.70% per year. If you had invested $1,000 in AG stock in 2006, it would worth $1,644.00 today.

1: Adjusted price after possible price splits or reverse-splits.

AG stock historical price chart

AG stock reached 52-week highs on August/12 at $11.11, and all-time highs 2011-04-06 with a price of 26.88.

AG stock price target is $8.30

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' AG stock price predictions in the hope that they will be met as they may be wrong and not met. We found 3 price predictions for AG stock posted in the last month:
AG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-19HC WainwrightRaises Target$8.00$11.5043.8%
2019-3-1B. RileyInitiatesn/a$6.00-
2019-1-15HC WainwrightReiteratesn/a$7.50-
(in average)$8.00$8.304.0%
The price target for First Majestic Silver stock is $8.30, moving in a range between $11.50 and $6.00. In average, analysts' outlook on AG price target is positive, improving the prediction by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, First Majestic Silver reported its latest financial data, posting an amazing gain for the Earnings per Share (EPS) ratio. Analyst were expecting $-0.04 per share, but First Majestic Silver posted $-0.05.
AG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-02-28-0.01-0.04n/a
2018-Q12018-05-09-0.02-0.06n/a
2018-Q22018-08-13-0.02-0.07n/a
2018-Q32018-11-07-0.04-0.03n/a
2018-Q42019-02-25-0.04-0.05n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, First Majestic Silver annual sales climbed an amazing 16.96% to $308.42 million USD from $263.71 marked in 2017. Instead, its profit margin (compared to revenues) plunged to -66.20%, that is $-204.16 million.

AG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$259 M-$-39.39 M-15.2%-
2014$272 M5.05%$-61.45 M-22.6%56.00%
2015$248 M-8.94%$-108.42 M-43.8%76.45%
2016$300 M21.14%$8.60 M2.9%-107.93%
2017$264 M-12.12%$-53.27 M-20.2%-719.37%
2018$308 M16.96%$-204.16 M-66.2%283.25%

Quarterly financial results

First Majestic Silver reported $75.50 million in sales for 2018-Q4, a -16.05% less compared to previous quarter. Reported quarter income marked $-164.44 million with a profit margin of -217.81%. Profit margin plummed a -224.37% compared to previous quarter when profit margin was 6.56%. When comparing turnover to same quarter last year, First Majestic Silver sales marked an outstanding increase and skyrocketed a 44.66%.
AG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$91 M-$3.60 M3.9%-
2017-Q2$81 M-11.62%$1.90 M2.4%-47.22%
2017-Q3$64 M-20.94%$-1.32 M-2.1%-169.47%
2017-Q4$52 M-18.33%$-56.08 M-107.5%4,148.79%
2018-Q1$59 M12.27%$-5.59 M-9.5%-90.03%
2018-Q2$82 M39.50%$-40.03 M-49.0%615.90%
2018-Q3$90 M10.03%$5.90 M6.6%-114.75%
2018-Q4$75 M-16.05%$-164.44 M-217.8%-2,885.28%

First Majestic Silver ownership

When you are planning to buy a stock, it's worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For First Majestic Silver, of all outstanding shares are owned by its staff.

Bearish positions for AG stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related stocks:

AGAXUEXKGPLHL
Market cap$2.1 B$199.8 M$320.8 M$129.9 M$787.7 M
Total shares200.6 M101.9 M131.5 M168.8 M486.2 M
Float shares179.1 M105.2 M130.8 M285.9 M483.9 M
  - Institutional holdings (%)0.0%0.0%0.0%0.0%65.5%
  - Insider holdings (%)0.0%0.0%0.0%0.0%1.6%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

AG summary

Thursday, August 22nd, 2019
Open$10.35
Close$10.31
Day range$10.27 - $10.53
Previous close$10.44
Session gain-1.25%
Average true range$0.60
50d mov avg$8.94
100d mov avg$7.51
200d mov avg$6.71
Daily patternlt01a
Weekly pattern lt06a

First Majestic Silver performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared First Majestic Silver against Alexco Resource, Endeavour Silver, Great Panther Silver, Hecla Mining, MAG Silver, Pan American Silver, SSR Mining, Silvercorp Metals and Wheaton Precious Metals in the following table:
Stock3m6m12m
AGFirst Majestic Si...81.83%56.69%87.11%
AXUAlexco Resource94.06%49.62%70.43%
EXKEndeavour Silver40.23%-2.40%4.72%
GPLGreat Panther Sil...13.24%-15.38%-14.44%
HLHecla Mining16.55%-37.21%-43.55%
MAGMAG Silver29.83%21.89%50.95%
PAASPan American Silv...59.50%17.77%6.71%
SSRMSSR Mining43.08%9.17%76.32%
SVMSilvercorp Metals75.47%38.29%39.85%
WPMWheaton Precious ...33.66%22.19%52.51%

First Majestic Silver competitors

We selected a few stocks to conform a list of First Majestic Silver competitors to watch if you are interested in investing in AG: