Taking this into account, A number of analysts have revised their coverage, including TD Securities’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. TD Securities also remained covering AG and has increased its forecast on October 20, 2020 with a “Buy” recommendation from previously “Hold” rating. TD Securities revised its rating on July 24, 2020. It rated AG as “a Hold” which previously was an “a Buy”.
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Price Performance Review of AG
On Tuesday, First Majestic Silver Corporation [NYSE:AG] saw its stock jump 1.29% to $6.28. Over the last five days, the stock has gained 1.45%. First Majestic Silver Corporation shares have risen nearly 2.11% since the year began. Nevertheless, the stocks have risen 20.54% over the past one year. While a 52-week high of $8.44 was reached on 04/12/24, a 52-week low of $4.17 was recorded on 02/13/24. SMA at 50 days reached $5.68, while 200 days put it at $5.94.
Levels Of Support And Resistance For AG Stock
The 24-hour chart illustrates a support level at 6.11, which if violated will result in even more drops to 5.94. On the upside, there is a resistance level at 6.37. A further resistance level may holdings at 6.46. The Relative Strength Index (RSI) on the 14-day chart is 55.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.75%. Stochastics %K at 45.59% indicates the stock is a holding.
How much short interest is there in First Majestic Silver Corporation?
A steep rise in short interest was recorded in First Majestic Silver Corporation stocks on 2024-09-13, growing by 7.33 million shares to a total of 24.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 17.53 million shares. There was a rise of 29.47%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 01, 2019 when B. Riley FBR began covering the stock and recommended ‘”a Neutral”‘ rating along with a $6 price target.
