Momentum Stocks in Focus: First Majestic Silver Corp. (NYSE:AG) , Kansas City Southern (NYSE:KSU)

On 4/3/2017, Shares of First Majestic Silver Corp. (NYSE:AG) closed at $8.41 in last trading day. After noting the initial trading entry at $8.10, it reached to a day’s high of $8.43 and moved to a day’s low of $8.05. The recent daily volume was 3.2 million as contrast to it’s an average volume of 4.83 million.

Technical Indicators:

The last close of the First Majestic Silver Corp. stock reflects that it traded -1.33% from its 50-day moving average of $8.52. The stock traded below -4.76% to its 200-day MA of $8.83. Furthermore, it moved lower -56.08% from its 52-week high of $19.15 and +39.24% up from $6.04, which is 52-week low of the stock.

First Majestic Silver Corp.’s (AG) moved with shift of 3.83% in the past week. Over the last three months, the shares of the company have changed 10.22% and performed -18.35% over the last six months. The stock currently has Monthly Volatility of 4.63% and Weekly Volatility of 3.88%.

April 1, 2017 FIRST MAJESTIC SILVER CORP. (the “Company” or “First Majestic”) (FR.TO)(AG.MX)(FMV.F)(AG.MX) is pleased to announce its 2016 Mineral Reserve and Resource estimates for its existing mineral property assets in Mexico as of December 31, 2016. Metal prices used to estimate the 2016 Reserve estimates were increased slightly compared to previous estimates to: $18.00/oz for silver, $1,250/oz for gold, $1.00/lb for lead and $1.15/lb for zinc.

 

“We began 2016 with a small exploration budget of only $9.9 million designed to primarily assist with our mining activities,” stated Keith Neumeyer, President and CEO. “In the second half of 2016, we increased the exploration budget by 71% and returned our focus on growing the ounces in the ground. For 2017, we are investing $27.0 million to complete over 183,000 metres of diamond drilling across our Mexican assets. This renewed investment is expected to add significant growth to our Reserves and Resources in the years ahead.”

 

The following table shows the total tonnage mined from each of the Company’s six producing properties during 2016, including total ounces of silver and silver equivalent ounces produced from each property and the tonnage mined from delineated Reserves and Resources at each property. A portion of the production from each mine came from material other than Reserves or Resources, as set out below under the heading “Material Not in Reserves”.

The Company completed a total of 97,576 metres of diamond drilling at its six operating mines in 2016, representing a 170% increase in metres drilled compared to the prior year.

 

For 2017, First Majestic is planning to invest $27.0 million towards exploration to drill approximately 183,000 metres at its core Mexican assets consisting of approximately 43,000 metres of diamond drilling intended to upgrade Resources to Reserves at La Parrilla, Del Toro, La Guitarra and Santa Elena; approximately 100,000 metres of diamond drilling intended to increase or add new Measured & Indicated or Inferred Resources at the six operating mines, with a focus at Nazareno in La Guitarra and the Ermitaño West project in Santa Elena; and drill approximately 40,000 metres at the Plomosas Silver Project. A combination of surface and underground drill rigs will focus on assisting mining activities, definition drilling and to support future updates to the Company’s NI43-101 Technical Reports.

 

As of December 31, 2016, Proven and Probable Reserves totaled 116.7 million silver equivalent ounces, representing a 14% decrease or 18.6 million silver equivalent ounces in metal content compared to the prior estimate. This reduction is primarily due to the production depletion of 14.5 million silver equivalent ounces despite a modest increase of 3% in the assumed silver and gold prices and higher metal prices for lead and zinc. In addition, the reduction is the effect of an average increase of 10% in the cut-off grades for most of the mines. The escalation in the cut-off grade is a reflection of an increase of the mining and sustaining cost per tonne motivated by adopting more selective mining methods and the re-activation of sustaining development and near-mine exploration.

Kansas City Southern (NYSE:KSU) finalized the last transaction at value of $86.00, with a daily change of +0.28% or +0.24 points. The company maintained volume of 963.09 thousand shares. In past trading day, the stock hit the maximum price of $86.45 and touched to minimum value of $84.92. It has a market cap of $ 9.17B.

Technical Indicators:

As of last trade close, the stock is trading  downside -14.59% from its one year high of $100.69 and moved +8.79% upward from $79.05, which is one year low of the stock.

The stock traded below -0.69% from its 50-day moving average of $86.60. Furthermore, the stock moved -1.43% to its 200-day MA of $ 87.25.

During the last month, Kansas City Southern’s (KSU) has changed -3.55% and performed -7.14% over the last 6 months. The mean rating score for this stock is at 2.50. This rating scale contains from 1 to 5 with 5 representing a Strong Sell, 1 signifying a Strong Buy and 3 demonstrating a Hold. The Volatility was noted at 1.67% in recent month and observed Weekly Volatility of 1.90%.

 

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