AG stock: buy or sell?
August 22nd, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
AG stock analysis
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%).
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 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 $8.30Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-19||HC Wainwright||Raises Target||$8.00||$11.50||43.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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.
|2013||$259 M||-||$-39.39 M-15.2%||-|
|2014||$272 M||5.05%||$-61.45 M-22.6%||56.00%|
|2015||$248 M||-8.94%||$-108.42 M-43.8%||76.45%|
|2016||$300 M||21.14%||$8.60 M2.9%||-107.93%|
|2017||$264 M||-12.12%||$-53.27 M-20.2%||-719.37%|
|2018||$308 M||16.96%||$-204.16 M-66.2%||283.25%|
Quarterly financial resultsFirst 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%.
|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||$59 M||12.27%||$-5.59 M-9.5%||-90.03%|
|2018-Q2||$82 M||39.50%||$-40.03 M-49.0%||615.90%|
|2018-Q3||$90 M||10.03%||$5.90 M6.6%||-114.75%|
|2018-Q4||$75 M||-16.05%||$-164.44 M-217.8%||-2,885.28%|
First Majestic Silver ownershipWhen 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:
|Market cap||$2.1 B||$199.8 M||$320.8 M||$129.9 M||$787.7 M|
|Total shares||200.6 M||101.9 M||131.5 M||168.8 M||486.2 M|
|Float shares||179.1 M||105.2 M||130.8 M||285.9 M||483.9 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$10.27 - $10.53|
|Average true range||$0.60|
|50d mov avg||$8.94|
|100d mov avg||$7.51|
|200d mov avg||$6.71|
First Majestic Silver performanceStocks 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:
|AGFirst Majestic Si...||81.83%||56.69%||87.11%|
|GPLGreat Panther Sil...||13.24%||-15.38%||-14.44%|
|PAASPan American Silv...||59.50%||17.77%||6.71%|
|WPMWheaton Precious ...||33.66%||22.19%||52.51%|