6.90 +0.12 (1.77%)
After hours: 7:51PM EDT
|Bid||0.00 x 1800|
|Ask||6.95 x 1400|
|Day's Range||6.78 - 7.29|
|52 Week Range||4.93 - 8.48|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.54|
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Basic Materials sector is rising.
LONDON, UK / ACCESSWIRE / July 17, 2018 / If you want a free Stock Review on CDE sign up now at www.wallstequities.com/registration.WallStEquities.com revisits the Silver industry, which includes mining and streaming companies for silver. In this morning's lineup are these four stocks: Coeur Mining Inc. (NYSE: CDE), Endeavour Silver Corp. (NYSE: EXK), First Majestic Silver Corp. (NYSE: AG), and Fortuna Silver Mines Inc. (NYSE: FSM).
First Majestic Silver Corp. (AG) (FR.TO) (FMV.F) ("First Majestic" or the "Company") announces total production in the second quarter of 2018 from its seven operating silver mines reached a new Company record of 5.1 million equivalent ounces of silver. The Company has increased its 2018 annual silver production to a new range of 12.0 to 13.2 million ounces, or 20.5 to 22.6 million silver equivalent ounces primarily due to the addition of the San Dimas Silver/Gold mine which was acquired on May 10, 2018. “During the quarter, the integration of the newly acquired San Dimas mine into our Mexican portfolio was our primary focus,” said Keith Neumeyer, President & CEO.
Forget the clouds. It's only been silver linings for this miner through the first half of the year.
Short interest is moderate for AG with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ETFs that hold AG had net inflows of $1.86 billion over the last one-month.
Its stock price, analysts’ estimates, and its multiple took a severe hit after the Guatemalan government’s decision to suspend its Escobal mine license in July 2017. A favorable resolution to this mining issue could lead to a re-rating of the stock. Coeur Mining (CDE) and First Majestic Silver (AG) have the same forward multiples of 7.9x.
First Majestic Silver (AG) is one of the few silver miners (SIL) to have a double-digit return YTD (year-to-date). Most of this year’s returns for AG came in March when it surged 11%. The company announced that it expects its investments last year to generate double-digit growth in silver production in 2018.
Most of the precious metals and their mining companies have witnessed a choppy market in most of 2018, thanks to slumping metal prices. Precious metals are more closely associated with the downturn in these precious metals rather than the overall sentiment of the equity markets.
Investors need to pay close attention to First Majestic (AG) stock based on the movements in the options market lately.
On Friday, shares in Chicago, Illinois headquartered Coeur Mining Inc. recorded a trading volume of 5.92 million shares, which was above their three months average volume of 2.87 million shares. The stock ended the session 3.28% lower at $7.95.
NEW YORK, June 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Fortuna ...
First Majestic Silver Corp. (“First Majestic” or the “Company”) (AG) (FR.TO) (FMV.F) is pleased to announce the voting results for its annual general meeting held on May 24, 2018. A total of 81,941,398 shares were represented at the meeting, being 49.44% of the Company’s issued and outstanding common shares.
With continuing downward sentiment in precious metals, it’s important to look at what large traders and hedge funds are doing with their positions in metals. This article focuses on silver, which is predominantly a precious metal and acts as a buffer along with gold during market unrest. Silver was trading at $16.4 per ounce as of 9:00 AM. The resistance level for silver is at a 50-day moving average of $16.55.
LONDON, UK / ACCESSWIRE / May 17, 2018 / If you want access to our free earnings report on Coeur Mining, Inc. (NYSE: CDE), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CDE. On April 25, 2018, Coeur Mining reported financial results for the first quarter of 2018 ending March 31, 2018. The Company surpassed analysts' estimates for earnings as well as revenue in Q1 FY18.
In this part of the series, we’ll look at the correlation between gold and four mining stocks: Alamos Gold (AGI), First Majestic Silver (AG), B2Gold (BTG), and Royal Gold (RGLD). Mining stocks generally move with gold prices. Among these four miners, Alamos Gold has shown the highest correlation with gold this year, while B2Gold has had the lowest correlation.
Miners are usually a leveraged play on metals, rising by a higher proportion when metal prices rise and falling harder when metal prices weaken. This trend hasn’t been visible lately as company-specific factors exerted more influence on stock prices. In 2018, the iShares Silver Funds ETF (SLV), which tracks spot silver prices, has fallen 2.8%.
First Majestic Silver Corp. (“First Majestic”) (AG) (FR.TO) (FMV.F) is pleased to announce that it has terminated the pre-existing silver purchase agreement with Wheaton Precious Metals Corp. (“WPM”) and its subsidiary, Wheaton Precious Metals International Ltd. (“WPMI”), relating to the newly acquired San Dimas Mine and entered into a new precious metal purchase agreement (the “New Stream Agreement”) with WPMI and FM Metal Trading (Barbados) Inc., a wholly-owned subsidiary of First Majestic. Pursuant to the New Stream Agreement, WPMI will be entitled to receive 25% of the gold production and 25% of the silver production converted to gold equivalent at a fixed exchange ratio of 70:1 at San Dimas in exchange for ongoing payments equal to the lesser of US$600 (subject to a 1% annual inflation adjustment) and the prevailing market price, for each gold ounce delivered to an offtaker under the agreement.
First Majestic Silver Corp. (“First Majestic”) (AG) (FR.TO) (FMV.F) and Primero Mining Corp. (“Primero”) are pleased to announce the completion of the plan of arrangement (the “Arrangement”) previously announced in the joint news release of First Majestic and Primero dated January 12, 2018. Under the arrangement, which took effect as of 12:01 am (Vancouver time) this morning, First Majestic has acquired all of the issued and outstanding common shares of Primero. Shareholders of Primero will receive 0.03325 First Majestic shares for each share of Primero held.
Usually, precious metals mining companies follow precious metals. Precious metals seem to be in doldrums lately over the strength in the US dollar and the Federal Reserve’s decision to raise interest rates. The recent slump in demand for haven assets has also affected mining stocks.
Besides the rise and fall in the US dollar, another crucial factor affecting precious metals price changes is overall market volatility. Recently, when the United States withdrew from the Iran nuclear deal, the markets seemed to breathe a sigh of relief. Also, the geopolitical issues in the Korean Peninsula seem to have subsided. We also saw North Korea free three American detainees just ahead of talks between President Donald Trump and Kim Jong Un.
On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 3 cents. Losses, adjusted for non-recurring gains, came to 6 cents per share. The results did not meet Wall Street ...
First Majestic Silver Corp. (“First Majestic”) is pleased to announce the approval by its board of directors of certain changes to its advance notice policy (the “Policy”) regarding director nominations, as described below. Under the current Policy the board may require a proposed nominee to provide such information as the board may reasonably require to determine eligibility or that could be material to a reasonable shareholder’s understanding of the independence of the proposed nominee. Under the current Policy, in the event of an adjournment or postponement of a shareholder meeting the deadline for the date on which a shareholder may propose a new nominee is not extended.
VANCOUVER, British Columbia, May 09, 2018-- FIRST MAJESTIC SILVER CORP. is pleased to announce the unaudited interim consolidated financial results of the Company for the first quarter ended March 31, ...