A New Trick Up Its Sleeve: First Majestic Silver Corp. (AG), Coeur Mining, Inc. (CDE)

First Majestic Silver Corp. (NYSE:AG) sank -0.99% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 10.31% and is now up by 1.7% since start of this year. A look at its monthly performance shows that the stock has recorded a -1.16% fall over the past 30 days. Its equity price climbed by 8.91% over the past three months which led to its overall six-month decrease to stand at -7.7%.

Experts from research firms are bullish about the near-term performance of First Majestic Silver Corp. with most of them predicting a $9.54 price target on a short-term (12 months) basis. The average price target by the analysts will see a 59.27% rise in the stock and would lead to AG’s market cap to surge to $1.85B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 5 analysts that track First Majestic Silver Corp. (NYSE:AG) and find out that 2 of them rated it as a Hold. 3 of the 3 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at AG technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 57.34 point. Its trading volume has lost -1740016 shares compared to readings over the past three months as it recently exchanged 1329984 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 3070000 shares, and this is 0.43 times the normal volume.

Analysts have predicted a price target for Coeur Mining, Inc. (CDE) for 1 year and it stands at an average $7.41/share. This means that it would likely increase by 47.02% from its current position. The current price of the stock has been moving between $4.86 and $5.085. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $6. On the other hand, one analyst is super bullish about the price, setting a target as high as $10.

The CDE stock Stochastic Oscillator (%D) is at 57.49%, which means that it is currently neutral. The shares P/S ratio stands at 1.43 which compares to the 2.94 recorded by the industry or the 2.76 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 126, which is higher than the 16.58 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 0.3% over the past five years.

Analysts view Coeur Mining, Inc. (NYSE:CDE) as a Buy, with 1.9 consensus rating. Reuters surveyed 7 analysts that follow CDE and found that 0 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 7 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Coeur Mining, Inc. (CDE) shares or sell it if they already own it.