First Majestic Silver Corporation’s recently made public that its Separated Affiliate within 90 Hanneman Karl L acquired Company’s shares for reported $0.19 million on Mar 18 ’25. In the deal valued at $7.36 per share,25,500 shares were bought.
Then, Electrum Silver US LLC bought 3,000,000 shares, generating $18,390,000 in total proceeds.
Before that, Electrum Silver US LLC bought 8,000,000 shares. First Majestic Silver Corporation shares valued at $49,280,000 were divested by the 10% Owner at a price of $6.16 per share.
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”.
Price Performance Review of AG
On Tuesday, First Majestic Silver Corporation [NYSE:AG] saw its stock jump 1.97% to $7.23. Over the last five days, the stock has gained 17.94%. First Majestic Silver Corporation shares have risen nearly 31.69% since the year began. Nevertheless, the stocks have risen 33.89% over the past one year. While a 52-week high of $8.44 was reached on 03/18/25, a 52-week low of $4.43 was recorded on 03/04/25. SMA at 50 days reached $5.78, while 200 days put it at $6.06.
Levels Of Support And Resistance For AG Stock
The 24-hour chart illustrates a support level at 7.11, which if violated will result in even more drops to 6.98. On the upside, there is a resistance level at 7.43. A further resistance level may holdings at 7.62. The Relative Strength Index (RSI) on the 14-day chart is 72.38, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.20%. Stochastics %K at 92.93% indicates the stock is a selling.
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 2025-02-28, growing by 1.53 million shares to a total of 24.37 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 22.85 million shares. There was a rise of 6.26%, 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.
