Should You Buy First Majestic Silver Corp. (AG) Stock on Thursday?

The market has been high on First Majestic Silver Corp. (AG) stock recently. AG gets a Bullish score 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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With AG Stock Today?

First Majestic Silver Corp. (AG) stock is trading at $11.93 as of 11:52 AM on Thursday, Jan 20, a rise of $0.04, or 0.34% from the previous closing price of $11.89. Volume today is 4,666,883 compared to average volume of 4,185,343. The stock has traded between $11.75 and $12.12 so far today.

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.