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First Majestic Silver Corp. (AG) is set to bring smile on the investors face as Analysts sets mean Target price of $10.25

For the readers interested in the stock health of First Majestic Silver Corp. (AG). It is currently valued at $7.72. When the transactions were called…

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This article was originally published by Invest Chronicle

For the readers interested in the stock health of First Majestic Silver Corp. (AG). It is currently valued at $7.72. When the transactions were called off in the previous session, Stock hit the highs of $7.77, after setting-off with the price of $7.71. Company’s stock value dipped to $7.51 during the trading on the day. When the trading was stopped its value was $7.66.Recently in News on July 20, 2022, First Majestic Silver Corp. Announces At-The-Market Offering Equity Program. Vancouver, British Columbia–(Newsfile Corp. – July 20, 2022) – First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the “Company” or “First Majestic”) announces it has entered into an equity distribution agreement (the “Sales Agreement”) with BMO Capital Markets and TD Securities (the “Agents”) pursuant to which the Company may, at its discretion and from time-to-time until June 18, 2023, sell, through the Agents, such number of common shares of the Company (“Common Shares”) as would result in aggregate gross proceeds to the Company of up to US$100.0 million (the “Offering”). The Sales Agreement replaces the previous equity distribution agreement entered into between the Company and the Agents dated May 28, 2021, under which all sales have been completed. Sales of Common Shares will be made through “at-the-market distributions” as defined in the Canadian Securities Administrators’ National Instrument 44-102-Shelf Distributions, including sales made directly on the New York Stock Exchange (the “NYSE”), or any other recognized marketplace upon which the Common Shares are listed or quoted or where the Common Shares are traded in the United States. The sales, if any, of Common Shares made under the Sales Agreement will be made by means of ordinary brokers’ transactions on the NYSE at market prices, or as otherwise agreed upon by the Company and the Agents. No offers or sales of Common Shares will be made in Canada on the Toronto Stock Exchange (the “TSX”) or other trading markets in Canada. You can read further details here

First Majestic Silver Corp. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $14.59 on 04/18/22, with the lowest value was $6.31 for the same time period, recorded on 07/25/22.

First Majestic Silver Corp. (AG) full year performance was -43.69%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, First Majestic Silver Corp. shares are logging -47.38% during the 52-week period from high price, and 22.35% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $6.31 and $14.67.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 4380483 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the First Majestic Silver Corp. (AG) recorded performance in the market was -30.51%, having the revenues showcasing -25.05% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.03B.

Specialists analysis on First Majestic Silver Corp. (AG)

During the last month, 0 analysts gave the First Majestic Silver Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 9.83, with a change in the price was noted -5.41. In a similar fashion, First Majestic Silver Corp. posted a movement of -41.20% for the period of last 100 days, recording 6,281,957 in trading volumes.

Trends and Technical analysis: First Majestic Silver Corp. (AG)

Raw Stochastic average of First Majestic Silver Corp. in the period of last 50 days is set at 47.47%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 96.58%. In the last 20 days, the company’s Stochastic %K was 95.42% and its Stochastic %D was recorded 77.22%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -30.51%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -19.08%, alongside a downfall of -43.69% for the period of the last 12 months. The shares increased approximately by 18.04% in the 7-day charts and went up by 7.52% in the period of the last 30 days. Common stock shares were lifted by -25.05% during last recorded quarter.





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