The Vanguard Group, Inc. recently announced the acquisition of new stake in First Majestic Silver Corp. (NYSE:AG). The institutional investor has increased its shareholding in the Basic Materials company by 3.19% to 5.67 million shares with purchase of 0.18 million shares. This fresh investment now brings its stake to 2.16% valued currently at $47.78 million. In addition, Global X Management Co. LLC raised its holdings by 0.45 million to 4.48 million shares. And Susquehanna Financial Group LLLP has lifted its position by 1.10% or 24789.0 shares – to 2.28 million shares.
With over 5.54 million First Majestic Silver Corp. (AG) shares trading Tuesday and a closing price of $9.46 on the day, the dollar volume was approximately $52.36 million. The shares have shown a positive half year performance of 14.81% and its price on 11/22/22 gained nearly 3.73%. Currently, there are 265.46M common shares owned by the public and among those 239.71M shares have been available to trade.
The top 3 mutual fund holders in First Majestic Silver Corp. are VanEck Gold Miners ETF, ETFMG Prime Junior Silver ETF, and VanEck Junior Gold Miners ETF. VanEck Gold Miners ETF owns 14.19 million shares of the company’s stock, all valued at over $119.58 million. The company sold 13872.0 shares recently to bring their total holdings to about 5.40% of the shares outstanding. VanEck Junior Gold Miners ETF now owns shares totaling to 3.85% of the shares outstanding.
However, the script later moved the day high at 9.55, up 3.73%. The company’s stock has a 5-day price change of 2.83% and 18.40% over the past three months. AG shares are trading -14.85% year to date (YTD), with the 12-month market performance down to -24.92% lower. It has a 12-month low price of $6.31 and touched a high of $14.59 over the same period. AG has an average intraday trading volume of 7.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.35%, 14.56%, and 1.45% respectively.
Institutional ownership of First Majestic Silver Corp. (NYSE: AG) shares accounts for 34.30% of the company’s 265.46M shares outstanding. Mutual fund holders own 26.91%, while other institutional holders and individual stakeholders account for 6.31% and 0.05% respectively.
It has a market capitalization of $2.51B. The stock’s trailing 12-month PE ratio is 4730.00, while the earnings-per-share (ttm) stands at $0.00. The company has a PEG of 101.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.45% over the week and 5.03% over the month.
Analysts forecast that First Majestic Silver Corp. (AG) will achieve an EPS of -$0.03 for the current quarter, -$0.02 for the next quarter and $0.29 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of $0.02. Comparatively, EPS for the current quarter was -$0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -850.00%, and 306.70% over the next financial year. EPS should grow at an annualized rate of 46.80% over the next five years, compared to -33.08% over the past 5-year period.
TD Securities was of a view on July 24, 2020 that the stock is Hold, while B. Riley FBR gave the stock Neutral rating on March 01, 2019, issuing a price target of $6. TD Securities on their part issued Buy rating on May 15, 2018.