In a filing, First Majestic Silver Corporation revealed its Recent Affiliate Electrum Silver US LLC acquired Company’s shares for reported $28.94 million on Mar 25 ’25. In the deal valued at $6.89 per share,4,200,000 shares were bought.
Then, Electrum Silver US LLC bought 2,500,000 shares, generating $17,650,000 in total proceeds.
Before that, Hanneman Karl L bought 25,500 shares. First Majestic Silver Corporation shares valued at $187,552 were divested by the Separated Affiliate within 90 at a price of $7.36 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 fall -1.01% to $6.89. Over the last five days, the stock has lost -4.70%. First Majestic Silver Corporation shares have risen nearly 25.50% since the year began. Nevertheless, the stocks have risen 26.89% 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 $5.90, while 200 days put it at $6.07.
Levels Of Support And Resistance For AG Stock
The 24-hour chart illustrates a support level at 6.74, which if violated will result in even more drops to 6.59. On the upside, there is a resistance level at 7.16. A further resistance level may holdings at 7.43. The Relative Strength Index (RSI) on the 14-day chart is 62.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.76%. Stochastics %K at 73.57% 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 2025-03-14, dropping by -1.95 million shares to a total of 22.42 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 24.37 million shares. There was a decline of -8.71%, which implies that there is a negative 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.
