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Where Will First Majestic Silver Corp. (AG) Stock Go Next After It Is Up 0.90% in a Week?

Thursday, May 06, 2021 10:22 AM | InvestorsObserver Analysts

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Where Will First Majestic Silver Corp. (AG) Stock Go Next After It Is Up 0.90% in a Week?

First Majestic Silver Corp. (AG) stock has risen 0.90% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
First Majestic Silver Corp. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AG!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

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 up 4.95% while the S&P 500 is lower by -0.34% as of 10:20 AM on Thursday, May 6. AG is up $0.74 from the previous closing price of $14.94 on volume of 2,121,868 shares. Over the past year the S&P 500 has risen 44.79% while AG is up 91.92%. AG lost -$0.56 per share in the over the last 12 months.

To see the top 5 stocks in the Silver industry 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 Score Report on First Majestic Silver Corp. (AG) Stock.

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