First Majestic Silver (AG) Shares are Up 2.83%

First Majestic Silver (AG) : Traders are bullish on First Majestic Silver (AG) as it has outperformed the S&P 500 by a wide margin of 8.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.83% in the last 1 week, and is up 11.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

First Majestic Silver (NYSE:AG): The stock opened at $17.64 on Friday but the bulls could not build on the opening and the stock topped out at $18.12 for the day. The stock traded down to $17.31 during the day, due to lack of any buying support eventually closed down at $17.83 with a loss of -2.57% for the day. The stock had closed at $18.30 on the previous day. The total traded volume was 5,069,647 shares.

The stock has recorded a 20-day Moving Average of 7.44% and the 50-Day Moving Average is 26.36%. First Majestic Silver Corp. is up 72.1% in the last 3-month period. Year-to-Date the stock performance stands at 445.26%.

First Majestic Silver (AG) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $4. The average forecast of all the analysts is $11.64 and the expected standard deviation is $5.51.


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.

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