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First Majestic Silver TSX:AG Stock Report

Last Price

CA$8.05

Market Cap

CA$2.4b

7D

2.5%

1Y

-1.0%

Updated

27 Dec, 2024

Data

Company Financials +

First Majestic Silver Corp.

TSX:AG Stock Report

Market Cap: CA$2.4b

AG Stock Overview

Engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. More details

AG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 56.9% below our estimate of its fair value

Revenue is forecast to grow 15.3% per year

Analysts in good agreement that stock price will rise by 30.4%

Risk Analysis

Earnings have declined by 20% per year over past 5 years

Shareholders have been diluted in the past year


My Notes

Capture your thoughts, links and company narrative

First Majestic Silver Corp. Competitors

Fortuna Mining

TSX:FVI

CA$2.0b

Aya Gold & Silver

TSX:AYA

CA$1.4b

Endeavour Silver

TSX:EDR

CA$1.4b

Silvercorp Metals

TSX:SVM

CA$948.6m

Price History & Performance

Summary of share price highs, lows and changes for First Majestic Silver
Historical stock prices
Current Share PriceCA$8.05
52 Week HighCA$11.58
52 Week LowCA$5.67
Beta1.3
1 Month Change-6.50%
3 Month Change-5.52%
1 Year Change-0.98%
3 Year Change-42.79%
5 Year Change-48.23%
Change since IPO265.91%

Recent News & Updates

First Majestic Silver (TSE:AG) Is Making Moderate Use Of Debt

Nov 09
First Majestic Silver (TSE:AG) Is Making Moderate Use Of Debt

Recent updates

First Majestic Silver (TSE:AG) Is Making Moderate Use Of Debt

Nov 09
First Majestic Silver (TSE:AG) Is Making Moderate Use Of Debt

Revenues Not Telling The Story For First Majestic Silver Corp. (TSE:AG) After Shares Rise 38%

Oct 06
Revenues Not Telling The Story For First Majestic Silver Corp. (TSE:AG) After Shares Rise 38%

First Majestic Silver Corp. (TSE:AG) May Have Run Too Fast Too Soon With Recent 26% Price Plummet

Aug 08
First Majestic Silver Corp. (TSE:AG) May Have Run Too Fast Too Soon With Recent 26% Price Plummet

Here's Why First Majestic Silver (TSE:AG) Can Afford Some Debt

Jul 19
Here's Why First Majestic Silver (TSE:AG) Can Afford Some Debt

First Majestic Silver Corp.'s (TSE:AG) Share Price Not Quite Adding Up

Jun 13
First Majestic Silver Corp.'s (TSE:AG) Share Price Not Quite Adding Up

Investors Still Aren't Entirely Convinced By First Majestic Silver Corp.'s (TSE:FR) Revenues Despite 27% Price Jump

Mar 15
Investors Still Aren't Entirely Convinced By First Majestic Silver Corp.'s (TSE:FR) Revenues Despite 27% Price Jump

First Majestic Silver Corp.'s (TSE:FR) Shareholders Might Be Looking For Exit

Dec 18
First Majestic Silver Corp.'s (TSE:FR) Shareholders Might Be Looking For Exit

Would First Majestic Silver (TSE:FR) Be Better Off With Less Debt?

Nov 09
Would First Majestic Silver (TSE:FR) Be Better Off With Less Debt?

We Think First Majestic Silver (TSE:FR) Has A Fair Chunk Of Debt

Jul 17
We Think First Majestic Silver (TSE:FR) Has A Fair Chunk Of Debt

First Majestic Silver Corp.'s (TSE:FR) Share Price Matching Investor Opinion

May 07
First Majestic Silver Corp.'s (TSE:FR) Share Price Matching Investor Opinion

We Think First Majestic Silver (TSE:FR) Is Taking Some Risk With Its Debt

Dec 09
We Think First Majestic Silver (TSE:FR) Is Taking Some Risk With Its Debt

These 4 Measures Indicate That First Majestic Silver (TSE:FR) Is Using Debt Extensively

Aug 08
These 4 Measures Indicate That First Majestic Silver (TSE:FR) Is Using Debt Extensively

Shareholder Returns

AGCA Metals and MiningCA Market
7D2.5%0.9%1.0%
1Y-1.0%19.4%15.9%

Return vs Industry: AG underperformed the Canadian Metals and Mining industry which returned 18.8% over the past year.

Return vs Market: AG underperformed the Canadian Market which returned 16.1% over the past year.

Price Volatility

Is AG's price volatile compared to industry and market?
AG volatility
AG Average Weekly Movement8.0%
Metals and Mining Industry Average Movement10.1%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market3.0%

Stable Share Price: AG has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: AG's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1979n/aKeith Neumeyerwww.firstmajestic.com

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. Fundamentals Summary

How do First Majestic Silver's earnings and revenue compare to its market cap?
AG fundamental statistics
Market capCA$2.43b
Earnings (TTM)-CA$112.67m
Revenue (TTM)CA$756.97m

3.2x

P/S Ratio

-21.6x

P/E Ratio

Is AG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AG income statement (TTM)
RevenueUS$525.21m
Cost of RevenueUS$370.19m
Gross ProfitUS$155.03m
Other ExpensesUS$233.20m
Earnings-US$78.18m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.26
Gross Margin29.52%
Net Profit Margin-14.88%
Debt/Equity Ratio15.0%

How did AG perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

-7%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 05:11
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Majestic Silver Corp. is covered by 22 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin O'HalloranBMO Capital Markets Equity Research
David ForsterBofA Global Research
Adam GrafB. Riley Securities, Inc.