First Majestic Silver (AG) : During the past 4 weeks, traders have been relatively bearish on First Majestic Silver (AG), hence the stock is down -23.52% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.45% relative to the S&P 500. The 4-week change in the price of the stock is -25.07% and the stock has fallen -7.96% in the past 1 week.
The stock has recorded a 20-day Moving Average of 13.51% and the 50-Day Moving Average is 26.32%.The 200 Day SMA reached 24.46% First Majestic Silver Corp. has dropped 7.51% during the last 3-month period . Year-to-Date the stock performance stands at 246.48%.
First Majestic Silver (AG) : The highest level First Majestic Silver (AG) is projected to reach is $22 for the short term and the lowest estimate is at $9. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $16.7 and the possibility the share price can swing is $5.13.
Company shares have received an average consensus rating of Hold for the current week First Majestic Silver (NYSE:AG): stock was range-bound between the intraday low of $11.25 and the intraday high of $11.68 after having opened at $11.45 on Fridays session. The stock finally closed in the red at $11.45, a loss of -2.83%. The stock remained in the red for the whole trading day. The total traded volume was 27,131,061 shares. The stock failed to cross $11.68 in Fridays trading. The stocks closing price on Thursday was $11.33.
First Majestic Silver Corp is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company has eight segments, including five operating segments located in Mexico, one development project in Mexico, one retail market segment in Canada and one silver trading segment in Europe. Corporate and eliminations consists primarily of the Companys other exploration properties. All of the Companys operations are within the mining industry and its products are silver dore, silver?lead and silver?zinc concentrates. Its mine and properties include La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, La Luz Silver Project, Plomosas Silver Project and Jalisco Group of Properties. It other properties include the Penasco Quemado Silver Project, the La Frazada Silver Project and the Los Lobos Silver Project in the State of Sonora.