Is it Time to Dump First Majestic Silver Corp. (AG) Stock After it Is Higher By 32.52% in a Week?

Overall market sentiment has been high on First Majestic Silver Corp. (AG) stock lately. AG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

First Majestic Silver Corp. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AG!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With AG Stock Today?

First Majestic Silver Corp. (AG) stock is trading at $8.72 as of 10:51 AM on Tuesday, Oct 4, a gain of $0.34, or 4% from the previous closing price of $8.38. The stock has traded between $8.46 and $8.75 so far today. Volume today is light. So far 3,632,871 shares have traded compared to average volume of 6,754,135 shares. To see InvestorsObserver's Sentiment Score for First Majestic Silver Corp. click here.

More About First Majestic Silver Corp.

First Majestic is a publicly traded mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine. Production from these mines are projected to be between 11.0 to 11.7 million silver ounces or 21.4 to 22.9 million silver equivalent ounces in 2020. Click Here to get the full Stock Report for First Majestic Silver Corp. stock.