Bears reigned on a dull-volume day for First Majestic Silver Corp. (NYSE:AG) which lost $-0.03 between open and close. The number of shares traders wanted to buy or sell AG was around 3781792 shares compared with the full-day average over the past 5 days of 4286460 shares. As the opening bell rang the price was $6.58 but as the trading finished, the stock receded, wrapping up with a fall of -1.65%. Its shares finally traded at $6.55 a share.

First Majestic Silver Corp. (AG): A 11.21% Rally In This Year — But Still Has Room To Grow 45.65%

According to 5 stock analysts, First Majestic Silver Corp., is being kept at an average Outperform, rating, with at least 16.53% of shares outstanding that are currently legally short sold. The shares of the corporation went up by 26.94% during the previous month. So far this year, the stock had gone up by 11.21%. With these types of results to display analysts, are more optimistic than before, leading 3 of analysts who cover First Majestic Silver Corp. (NYSE:AG) advice their clients to include it in their buy candidate list. However, at the Wall Street, the shares for the company has been tagged a $9.54 price target, indicating that the shares will rally 45.65% from its current levels. At the moment, the stock is trading for about -22.76% less than its 52-week high.

First Majestic Silver Corp. Last Posted 14.19% Sales Growth

First Majestic Silver Corp. (AG) has so far tried but failed to beat the consensus-estimated -$0.03, with their earning staying at -$0.03 per share. This was revealed in their last financial report. Their revenue meanwhile grew by 14.19% from the last quarter, totaling $91 million.

AG Is 10.13% Away From SMA20

The shares of the company (AG) staged the smart recovery as has roared back some 42.7% after stumbling to its new 52-weeks low. The share price volatility of the stock remained at 4.07% for the week and by increasing the timeframe to a month, the volatility stood at 3.86%. As for the shares, it has gone above the 20 days moving average and is now hovering within a distance of 10.13%. Currently the price is sitting at 13.74% higher than its 50 days moving average. Analyzing the last five market sessions, the stock was able to report 10.64% gains, thus going up by 6.36%, compared with its 200-day moving average of $5.65. Also, a 18.02% expansion in First Majestic Silver Corp. (AG) witnessed over the past one year opens up opportunity to go after even more gains.

Cenovus Energy Inc. (NYSE:CVE) Has 2 Buy or Better Ratings

Cenovus Energy Inc. (CVE) was also brought into the spotlight with a -$0.15 drop. As the regular session came to an end, the price changed by -1.69% to $8.71. The trading of the day started with the price of the stock at $8.79. However, at one point, in the middle of the day, the price touched a high of $8.865 before it finally returned some of the gains. Analyzing CVE this week, analysts seem to be content with keeping to their neutral forecast call at 2.5. Cenovus Energy Inc. analysts gave 2 buy-equivalent recommendations, 0 sells and 11 holds. This company shares tumbled -24.03% from their most recent record high of $11.47 and now hold $10.29 billion in market value of equity.

Cenovus Energy Inc. Underpriced by 83.7%

CVE’s mean recommendation on Reuter’s scale has been revised upward from 2.27 thirty days ago to 2.33 now. This is an indication of a hold consensus from the analysts’ society. They expect that Cenovus Energy Inc. (CVE) price will be reaching a mean target of $10.85 a share. This implies that they believe the stock has what it takes to lift the price another 24.57%. The recent close goes a long way in suggesting that the stock price is being underpriced by a 83.7% compared to the most bullish target.

Cenovus Energy Inc. (CVE) Returns 23.9% This Year

The company during the last trade was able to reach a volume of 2903183 shares. That activity is comparable to their recent volume average trend of nearly 5055480 shares which they recorded over a period of one week. The stock price volatility for last week at the close of regular trading was 2.67%, pushing the figure for the whole month to now reaching 3.37%. Cenovus Energy Inc. price was kept to a minimum $8.61 in intra-day trade and has returned 23.9% this year alone. At a certain point in the past four quarters, the shares traded as low as $6.15 but made a 41.63% recovery since then.