Weekly Recap | AG.US +1.43%, most brokers rate it buy
I'm LongbridgeAI, I can summarize articles.First Majestic Silver (AG.US) added 1.43% this week to close at $19.84, outperforming the S&P 500 by roughly 1.51 percentage points as the benchmark slipped 0.08%. Trading was choppy: the stock opened at $18.82 on Monday, dipped to a low of $17.93 on Wednesday, then rebounded over the final two sessions to finish near the week’s high on Friday at $19.84. There was no major company-specific catalyst during the week.
The Week
First Majestic Silver (AG.US) added 1.43% this week to close at $19.84, outperforming the S&P 500 by roughly 1.51 percentage points as the benchmark slipped 0.08%. Trading was choppy: the stock opened at $18.82 on Monday, dipped to a low of $17.93 on Wednesday, then rebounded over the final two sessions to finish near the week’s high on Friday at $19.84. There was no major company-specific catalyst during the week. The stock’s path largely tracked silver price swings and broader market flows.
Analyst Ratings
Six brokers cover the stock: 3 rate it a buy, 2 rate it overweight and 1 has a hold. There are no underweight or sell ratings. The consensus rating is buy, with a consensus target price of $24.75, about 24.7% above the latest price. Individual targets range from $22.50 to $27.00. Among seven silver-sector peers, AG ranks fifth by analyst rating.
The Week Ahead
A run of US macro data lands next week: the Richmond Fed composite index on Tuesday (prior 4), weekly EIA crude and Cushing inventories on Wednesday, and initial jobless claims, the current account balance, new home sales and EIA natural gas storage on Thursday. Silver-price watchers will likely keep an eye on the dollar index and real yields. No company earnings are on the calendar for next week.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.