First Majestic Silver (AG) Stock Price, News & Analysis

Company Overview

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: $6.26 to $6.63
• 50-Day Range: $4.63 to $7.95
• 52-Week Range: $4.17 to $8.44
• Volume: 26.87 million shs
• Average Volume: 11.61 million shs
• Market Capitalization: $1.91 billion
• P/E Ratio: N/A
• Dividend Yield: 0.32%
• Price Target: $7.50
• Consensus Rating: Moderate Buy

First Majestic Silver Stock Analysis - MarketRank™

First Majestic Silver scored higher than 28% of companies evaluated by MarketBeat, and ranked 167th out of 190 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

First Majestic Silver has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

First Majestic Silver has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for First Majestic Silver are expected to grow in the coming year, from ($0.17) to $0.24 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First Majestic Silver is -23.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Majestic Silver is -23.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

First Majestic Silver has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.38% of the outstanding shares of First Majestic Silver have been sold short.

Short Interest Ratio / Days to Cover

First Majestic Silver has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Majestic Silver has recently increased by 2.99%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

First Majestic Silver has a dividend yield of 0.29%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

First Majestic Silver does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, First Majestic Silver will have a dividend payout ratio of 8.33% next year. This indicates that First Majestic Silver will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.38% of the outstanding shares of First Majestic Silver have been sold short.

Short Interest Ratio / Days to Cover

First Majestic Silver has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Majestic Silver has recently increased by 2.99%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 1.03

News Sentiment

First Majestic Silver has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for First Majestic Silver this week, compared to 3 articles on an average week.

Search Interest

Only 21 people have searched for AG on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.

MarketBeat Follows

22 people have added First Majestic Silver to their MarketBeat watchlist in the last 30 days. This is an increase of 340% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, First Majestic Silver insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.85% of the stock of First Majestic Silver is held by insiders.

Percentage Held by Institutions

Only 27.16% of the stock of First Majestic Silver is held by institutions.

AG Stock Analysis - Frequently Asked Questions

How have AG shares performed this year?

First Majestic Silver's stock was trading at $6.15 at the beginning of the year. Since then, AG shares have increased by 3.1% and is now trading at $6.34.
View the best growth stocks for 2024 here.

How were First Majestic Silver's earnings last quarter?

First Majestic Silver Corp. (NYSE:AG) released its quarterly earnings data on Thursday, November, 7th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.12. The mining company earned $146.09 million during the quarter. First Majestic Silver had a negative net margin of 14.89% and a negative trailing twelve-month return on equity of 4.19%.

Who are First Majestic Silver's major shareholders?

First Majestic Silver's top institutional shareholders include Van ECK Associates Corp (9.96%), Wolverine Asset Management LLC, LMR Partners LLP and Walleye Trading LLC.
View institutional ownership trends.

How do I buy shares of First Majestic Silver?

Shares of AG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First Majestic Silver own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Majestic Silver investors own include Barrick Gold (GOLD), Meta Platforms (META), NVIDIA (NVDA), Pan American Silver (PAAS), Wheaton Precious Metals (WPM), SSR Mining (SSRM) and Coeur Mining (CDE).

Company Calendar

• Ex-Dividend for 8/30 Dividend: 8/16/2024
• Dividend Payable: 8/30/2024
• Last Earnings: 11/07/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Today: 11/16/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: Precious Metals
• Current Symbol: NYSE:AG
• CUSIP: N/A
• CIK: 1308648
• Web: www.firstmajestic.com
• Phone: (604) 688-3033
• Fax: 604-639-8873
• Employees: 3,746
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.50
• High Stock Price Target: $8.50
• Low Stock Price Target: $6.50
• Potential Upside/Downside: +18.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.27)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-135,110,000.00
• Net Margins: -14.89%
• Pretax Margin: -9.48%
• Return on Equity: -4.19%
• Return on Assets: -2.89%

Debt

• Debt-to-Equity Ratio: 0.16
• Current Ratio: 3.03
• Quick Ratio: 2.45

Sales & Book Value

• Annual Sales: $527.97 million
• Price / Sales: 3.62
• Cash Flow: $0.37 per share
• Price / Cash Flow: 17.06
• Book Value: $4.57 per share
• Price / Book: 1.39

Miscellaneous

• Outstanding Shares: 301,616,000
• Free Float: 299,052,000
• Market Cap: $1.91 billion
• Optionable: Optionable
• Beta: 1.31