Looking Alternative Stock to Buy? Here is First Majestic Silver Corp. (AG)

First Majestic Silver Corp. (NYSE: AG) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at 0.23 points up or 2.12% higher on the previous close. So what do we make of this stock that is clearly one of the hottest on the market now? The AG stock is trading at $11.06 from a close of $10.83 on 01/15/20. The day’s price range saw the stock hit a low of $10.70, while the highest price level was $11.1588 during the intraday trading.

Is the AG stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $11.22. First Majestic Silver Corp. (NYSE: AG) has a 52-week price range of between $5.01 and $12.69. Notably, the reduced performance in the current session comes on the back of condensed market activity for the stock, as its daily trading volume to 4246855, compared to its 3-months daily average volume of 4.34 million. In comparison, the average volume for the last 50 days stands at 4,459,554.

What about the stock’s price forecasts? AG had 8 analysts who offered their 12-month price predictions for the First Majestic Silver Corp. shares. The group has given the stock a consensus price target of $11.35, with the lowest forecast being put at $7.50. The highest estimate by the 8 analysts is $15.00. The median price target estimate of $11.99 for the stock represents a 7.76% jump in value from the previous price of $11.06. Looking at the 52-week price ranges, the stock’s current price level is 120.76% from its 52-week high price and -12.84% down from its 52-week low in the same period.

First Majestic Silver Corp. shares have plunged -1.07% over the past week, but its 1-month performance is in the red at -1.51%. Its performance in the current quarter is up 20.35%, while that figure shoots to 18.80% over the past half-year period. Further, we see that the stock’s 12-month charts show that it has gained by 105.58%, with the year-to-date prices down by -9.79%.

But what do Wall Street analysts tracking this stock recommend, given that it has 204.79 million shares outstanding? 8 analysts polled have a consensus recommendation rating of 3.83, indicating that AG is a Overweight stock at the moment. This mean rating was at 3.83 a month ago. B. Riley FBR called it a Neutral stock on March 01, 2019, while TD Securities rated it a Buy in its note released on May 15, 2018. Of the 8 analysts, 1 analysts rate the AG stock as Overweight, while 4 of them rated it as a Hold. 3 analysts rate First Majestic Silver Corp. as a Buy, while 0 suggested its Underweight. Only 0 analyst advised investors to sell.

Let’s glean at the company’s earnings forecasts for the current quarter and annual growth estimate for the next 5-year period. The analyst forecasts for this stock’s earnings per share (EPS) for the current quarter (Dec 2017) ranged from a low of -$0.02 per share to -$0.01 per share. The average estimate by the 2 analysts for the AG shares was -$0.02 a share, while the company’s last-quarter results returned an EPS of $0.01. Looking at the current EPS trends, seven days ago, AG had its Dec 2017 estimates at -$0.02 per share while the stock’s EPS was forecasted at the -$0.02, a month ago. However, the company’s EPS growth for this quarter stands at -100.00%, while that growth rate for the next fiscal quarter is forecasted at -50.00%. The annual earnings per share growth for the next five years is estimated to be 46.80%, which compares to the -31.03% recorded in the past five-year period.

Let’s briefly check out revenue growth estimates for the company, which is put at -0.30% in the current quarter. 1 analysts have forecast that First Majestic Silver Corp. will see its revenue growth net between $66 million and $66 million for the current quarter. Sales growth for the year are estimated at 29.40%.