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

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

First Majestic Silver Corp. has a Neutral 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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With AG Stock Today?

First Majestic Silver Corp. (AG) stock is trading at $7.89 as of 11:51 AM on Wednesday, Jun 22, a loss of -$0.20, or -2.41% from the previous closing price of $8.09. The stock has traded between $7.88 and $8.17 so far today. Volume today is below average. So far 1,411,071 shares have traded compared to average volume of 6,720,080 shares.

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.