10.44 0.00 (0.00%)
After hours: 6:55PM EDT
|Bid||10.43 x 2200|
|Ask||10.50 x 1400|
|Day's Range||10.37 - 10.65|
|52 Week Range||4.59 - 11.11|
|Beta (3Y Monthly)||0.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.54|
First Majestic (AG) delivered earnings and revenue surprises of -100.00% and -4.67%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
VANCOUVER, British Columbia, Aug. 07, 2019 -- FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or “First Majestic”) is pleased to announce the unaudited interim.
It's been said there's always a bull market somewhere. But if you want to catch this type of trend as its emerging on the price chart, there may be no better spot than in silver. And the smarter way to capitalize on this cycle is buying leadership in silver stocks Wheaton Precious Metals (NYSE:WPM), Pan American Silver (NASDAQ:PAAS) and First Majestic Silver (NYSE:AG).Silver has earned a reputation as the proverbial ugly sister of gold. And in recent years that label has been rightfully earned. Performance wise, the iShares Gold Trust (NYSEARCA:GLD) recently broke above its key 2016 high. At the same time, the iShares Silver Trust (NYSEARCA:SLV) is about 23% below that year's high-water mark.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe under-performance doesn't stop there either. Right now GLD stock is also roughly 27% from its high in 2011 which immediately preceded a lengthy bear market for the precious metal. On the other hand, silver is off by 70%. And unlike gold, silver is still in the grips of this menacing force. * The 10 Best Stocks to Invest in for August Markets do however rotate through both bull and bear cycles. Some may take their time, but it's a universal truth. What's more, those winds of change are blowing for silver stocks following May's higher low pattern in the commodity and this month's breakout of downtrend resistance dating back to the 2016. And that's even better news for market-leading silver stocks WPM, PAAS and AG stock.But to position more smartly, it's time to locate entry points in these silver stocks which offer bullish exposure with less risk and stronger upside potential. Wheaton Precious Metals (WPM) Click to EnlargeWheaton Precious Metals is the first of our silver stocks to buy. WPM stock has displayed relative strength during all of 2019 and there's little reason to think this trend won't continue. After breaking out and subsequently successfully testing downtrend resistance dating back to 2016, WPM has continued to rally strongly to fresh relative highs.The provided weekly view of this silver stock does a good job of displaying WPM's technical wherewithal. However, a candle topping pattern and overbought situation suggests a pullback is likely and hence, buying into weakness is the strategy of choice.Put WPM stock on the radar for a pullback entry. Ideally, a decline in price will result in this silver stock moving into the area from $23 - $24.50 which has multiple layers of Fibonacci and trendline support. A price drop of this size should also neutralize today's overbought condition. I'd suggest using a confirmed weekly low in shares for exiting and taking initial profits as shares rally to challenge 2016's high. Pan American Silver (PAAS) Click to EnlargePan American is the second of our silver stocks. Unlike WPM, shares haven't broken out above trendline resistance. But PAAS stock is interesting as it displayed relative strength back in 2017 by challenging 2016's ubiquitous high when other silver stocks were sinking.Since that period of outperformance PAAS has put together a downward sloping channel. Shares are now stationed up against resistance. However, they've also broken above the 50% retracement level from the 2017 high. Given a bit of additional consolidation work and maybe a chance for its own overbought conditions to be worked off, this silver stock looks good to stage a meaningful breakout. * 6 Upcoming IPOs for August Buy this silver stock on a breakout. Maybe PAAS's overbought conditions will ease before a trigger, but sometimes overbought conditions beget more of the same. This looks like one of those situations. I'd recommend using the consolidation low or up to 10% for a stop-loss to contain downside exposure. On the upside, a challenge of PAAS stock's 2016 and 2017 highs near $21 for taking partial profits is suggested. First Majestic Sliver (AG) Click to EnlargeFirst Majestic Silver is the last of our silver stocks. In 2016, AG stock showed amazing technical leadership as shares blasted higher by nearly six-fold before crashing lower with silver and most other industry players. With AG stock I'm looking for a return of price momentum in 2019's second half.Currently shares of AG are testing the 2017 high which is aligned with the 38% retracement level from 2016's cycle peak. Similar to PAAS, I'm not expecting a deeper pullback pattern to emerge. It could happen, but for now I'd put this silver stock on the radar for purchase above the high formed last week.On the upside, I'd be aware of the $12.00 area as the 50% retracement level comes into play. However, with AG stock above its 2017 peak and the decline from 2016's high a swift price collapse, I'm anticipating resistance won't be any trouble until approximately $13.50 and the 62% level. That's where I'd look to take initial profits.For AG stock to stay on the watch list as a momentum-style breakout candidate, I'd like to see shares remain above $9.25. If this silver stock falters, the entry is off the table and waiting for a much deeper and oversold pullback to form would make sense.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With Over 20% Upside From Current Levels * The 10 Best Stocks to Invest in for August * 6 Upcoming IPOs for August The post 3 Silver Stocks to Buy: WPM, AG and PAAS appeared first on InvestorPlace.
First Majestic (AG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Majestic Silver Corp. and Alamos Gold Inc. were both upgraded to Hold today by TheStreet's Quant Ratings service. In the first daily bar chart of AG, below, we can see a long, sideways consolidation pattern followed by an upside "explosion" in June and July. The On-Balance-Volume (OBV) led the way higher with its rise from January to July.
Does First Majestic Silver (AG) have what it takes to be a top stock pick for momentum investors? Let's find out.
First Majestic Silver Corp. ("First Majestic" or the "Company") announces total production in the second quarter of 2019 reached 6.4 million silver equivalent ounces, representing a 2% increase compared to the prior quarter. “Our two primary assets, the San Dimas and Santa Elena mines, saw strong growth during the quarter producing approximately 80% of our total metal production,” said Keith Neumeyer, President and CEO. “San Dimas continues to exceed guidance due to higher than expected grades and mining rates from the Jessica and Victoria veins.
Zacks.com featured highlights include: Live Nation Entertainment, First Majestic Silver, Atlassian and U.S. Silica
U.S. stocks have rocketed higher this week thanks to a sudden dovish tilt from Federal Reserve policy officials as the futures market screams for multiple rate cuts this year.Suddenly, the U.S. economy is looking uneven as a fiscal drag (President Donald Trump's tax cuts are fading), a deepening trade rift and weakness overseas taps the brakes on things like manufacturing activity.And just like that, instead of worrying about increasing regulation on big technology stocks or a disruption to global supply chains into and out of China, Wall Street is enjoying the sugar rush from the promise of another dose of ultra-cheap money from the Fed. They don't even play coy anymore -- they're just a bunch of liquidity junkies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe U.S. dollar is weakening in response, as monetary malfeasance raises the risk of runaway inflation and higher commodity prices. * 7 Stocks to Buy That Don't Care About Tariffs Gold and silver stocks briefly caught a bid today in response, sending the metals up off recent technical support levels. While most of their share prices normalized, all of these stocks exhibit strong technical signals to watch into next week. Related mining stocks have pushed higher as well. Here are five gold stocks and silver stocks ready for new money: Harmony Gold Mining (HMY) Click to EnlargeShares of Harmony Gold Mining (NYSE:HMY)are rising up and off of support form its 50-week moving average, set for another challenge of its 200-week moving average and a possible end to a four-year downtrend.The company explores, develops, and processes gold producing properties in South Africa and Papua New Guinea.Shares were recently upgraded to overweight by analysts at JPMorgan. Back in December, the company and its Wafi-Galpu Joint Venture partner Newcrest Mining Limited signed an agreement with the Independent State of Papua New Guinea to proceed with the development of that new project. Kinross Gold (KGC) Click to Enlarge Shares of Kinross Gold (NYSE:KGC) are challenging their 200-day moving average, rising more than 40% off of their recent low in what looks like a setup for a run at the early 2018 highs near $4.75.Such a move would be worth a gain of nearly 40% from here. The company produces precious metals in its facilities throughout the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania.As of the end of 2018, the company has proven and probable mineral reserves of roughly 25.5 million ounces of gold. The company will next report results on July 31 after the close. Analysts are looking for earnings of two cents per share on revenues of $815.7 million. * 7 Stocks to Buy As They Hit 52-Week Lows When the company last reported on May 7, earnings of seven cents per share beat estimates by five cents despite a 12.4% decline in revenues. NovaGold Resources (NG) Click to Enlarge Shares of NovaGold Resources (NYSEAMERICAN:NG) are rising up and off of solid support going back to 2015, setting the stage for a challenge of the mid-2018 highs near $5, which would be worth a gain of roughly 20% from here. The company is focused on developing its Donlin Gold project.The company recently reported a loss of two cents per share, matching the estimates of two analysts, while reaffirming their forward guidance. The Donlin Gold project is a large, still undeveloped deposit about 280 miles northwest of Anchorage, Alaska.The deposit has proven and probable reserves estimates at 33.9 million ounces of gold and a rate of around 2.1 grams per ton. Barrick Gold (GOLD) Click to EnlargeShares of Barrick Gold (NYSE:GOLD)are rising off of a solid base of support near the $12-a-share level to once again attempt a breakout above its 200-week moving average that's been in play since late 2017.Earlier this month, management indicated that company leadership had met with government officials in Papua New Guinea to reaffirm their commitment to a mining lease extension set to expire on Aug. 16.The company will next report results on July 24 before the bell. Analysts are looking for earnings of eight cents per share on revenues of $2.1 billion. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% When the company last reported on May 8, earnings of 11 cents per share beat estimates by two cents on a 16.9% rise in revenues. First Majestic Silver (AG) Click to Enlarge Shares of First Majestic (NYSE:AG) are rallying off of multi-year support near the $5-a-share level, ready for a breakout above the 200-week moving average.The stock has basically gone nowhere since 2016, but looks ready to come out of hibernation. Analysts at B. Riley FBR recently initiated coverage, noting the stock offers significant leverage to silver prices.The company will next report results on Aug. 13 before the bell. Analysts are looking for a loss of two cents per share on revenues of $134.9 million.When the company last reported on May 9, earnings of a penny per share beat estimates by four cents on a 48.1% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post 5 Gold and Silver Stocks Touching Intraday Highs appeared first on InvestorPlace.
Zacks.com featured highlights include: First Majestic Silver, Agnico Eagle Mines, Atlassian and Live Nation Entertainment
First Majestic Silver Corp. (“First Majestic” or the “Company”) (New York – AG) (Toronto – FR) (Frankfurt – FMV) is pleased to announce the voting results for its annual general meeting held on May 23, 2019. A total of 117,558,077 shares were represented at the meeting, being 58.95% of the Company’s issued and outstanding common shares. The re-appointment of Deloitte LLP as auditors for the Company, the amendment to the Articles of the Company to increase the quorum requirements and the ratification of the amendments to the advance notice policy, as outlined in the Circular were all approved by a majority vote of shareholders present in person or represented by proxy.
Warning! GuruFocus has detected 2 Warning Signs with AG. Despite the 6% year-over-year decrease in the silver price to $15.73 per ounce, the miner recorded an increase in operating earnings to $10.3 million, 152% growth in net earnings to $2.9 million and a 52% jump in operating cash flow to $23.7 million.
First Majestic (AG) delivered earnings and revenue surprises of 0.00% and -12.12%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 1 cent. Losses, adjusted for non-recurring gains, were 1 cent per share. The results matched Wall Street expectations. ...