First Majestic Silver Corp. (AG, Financial) has experienced a notable uptick in bullish options trading activity. A total of 11,669 call options have been traded, surpassing the expected volume by 20%. This surge in activity has pushed the implied volatility up by nearly eight percentage points, reaching 73.97%.
The May 25th $7.50 calls and the April 25th weekly $7 calls are attracting the most interest, contributing approximately 4,400 contracts to the total volume. This indicates strong investor anticipation surrounding these particular options, ahead of the company's earnings report, which is scheduled for May 7th.
Adding to the bullish sentiment is the Put/Call Ratio, currently standing at a low 0.14, suggesting a dominance of bullish positions over bearish ones. This activity implies that investors are positioning themselves for potential upward movement in First Majestic's stock price prior to the earnings announcement.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for First Majestic Silver Corp (AG, Financial) is $9.47 with a high estimate of $11.00 and a low estimate of $7.94. The average target implies an upside of 46.70% from the current price of $6.46. More detailed estimate data can be found on the First Majestic Silver Corp (AG) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, First Majestic Silver Corp's (AG, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Majestic Silver Corp (AG, Financial) in one year is $9.71, suggesting a upside of 50.43% from the current price of $6.455. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Majestic Silver Corp (AG) Summary page.
