First Majestic (AG) Soars 8.8% on Silver Price Jump

We precocious published 10 Big Names Feasting connected Gains Ahead of Thanksgiving. First Majestic Silver Corp. (NYSE:AG) is 1 of the best-performing stocks connected Wednesday.

First Majestic extended its winning streak to a 4th consecutive time connected Wednesday, jumping 8.78 percent to adjacent astatine $13.50 apiece arsenic investors took way from higher metallic prices.

As of writing, spot prices of metallic were up by 3.59 percent astatine $53.32 per troy ounce, rallying alongside golden implicit renewed optimism for an involvement complaint cut.

Typically, a little involvement complaint weakens the US dollar, making precious metals specified arsenic golden and metallic cheaper and much charismatic to overseas investors.

Copyright: photominer / 123RF Stock Photo

Optimism spilled implicit to metallic and golden miners, including First Majestic Silver Corp. (NYSE:AG), being 1 of the largest metallic producers successful the world.

In different news, First Majestic Silver Corp. (NYSE:AG) is acceptable to administer connected Friday, November 28, immoderate $0.0052 worthy of dividends to each communal shareholders arsenic of the November 14 record.

The dividends followed the company’s stellar net show successful the 3rd 4th of the year, having swung to a nett income of $43 cardinal from a $26.6 cardinal nett nonaccomplishment successful the aforesaid play past year, arsenic revenues soared by 95 percent to $285.1 cardinal from $146.1 cardinal year-on-year.

According to First Majestic Silver Corp. (NYSE:AG), the grounds revenues were chiefly driven by a 45 percent summation successful metallic equivalent payable ounces sold, coupled with a 31 percent summation successful the mean realized metallic price, which reached $39.03.

While we admit the imaginable of AG arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.