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
Valuation	5/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 95.6% below our estimate of its fair value

Earnings are forecast to grow 112.85% per year

Risk Analysis

No risks detected for AG from our risk checks.

My Notes

Capture your thoughts, links and company narrative

First Majestic Silver Corp. Competitors

Fortuna Mining

TSX:FVI

CA$2.1b

Aya Gold & Silver

TSX:AYA

CA$1.5b

Endeavour Silver

TSX:EDR

CA$1.4b

Silvercorp Metals

TSX:SVM

CA$970.3m

Price History & Performance

Summary of share price highs, lows and changes for First Majestic Silver
Historical stock prices
Current Share Price	CA$8.67
52 Week High	CA$11.58
52 Week Low	CA$5.67
Beta	1.31
1 Month Change	9.75%
3 Month Change	-13.56%
1 Year Change	31.76%
3 Year Change	-30.70%
5 Year Change	-34.07%
Change since IPO	294.09%

New Forecasts: Here's What Analysts Think The Future Holds For First Majestic Silver Corp. (TSE:AG)

Jan 15

Sentiment Still Eluding First Majestic Silver Corp. (TSE:AG)

Jan 14

Recent updates

New Forecasts: Here's What Analysts Think The Future Holds For First Majestic Silver Corp. (TSE:AG)

Jan 15

Sentiment Still Eluding First Majestic Silver Corp. (TSE:AG)

Jan 14

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

Nov 09

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

Oct 06

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

Aug 08

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

Jul 19

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

Jun 13

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

Mar 15

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

Aug 08

Shareholder Returns

	AG	CA Metals and Mining	CA Market
7D	7.4%	0.2%	0.05%
1Y	31.8%	30.7%	17.5%

Return vs Industry: AG exceeded the Canadian Metals and Mining industry which returned 30.7% over the past year.

Return vs Market: AG exceeded the Canadian Market which returned 17.5% over the past year.

Price Volatility

Is AG's price volatile compared to industry and market?
AG volatility
AG Average Weekly Movement	7.5%
Metals and Mining Industry Average Movement	10.5%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	18.5%
10% least volatile stocks in CA Market	2.9%

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

Founded	Employees	CEO	Website
1979	n/a	Keith Neumeyer	www.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 cap	CA$2.42b
Earnings (TTM)	-CA$113.24m
Revenue (TTM)	CA$760.81m

3.4x

P/S Ratio

-23.1x

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)
Revenue	US$525.21m
Cost of Revenue	US$370.19m
Gross Profit	US$155.03m
Other Expenses	US$233.20m
Earnings	-US$78.18m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 20, 2025

Earnings per share (EPS)	-0.26
Gross Margin	29.52%
Net Profit Margin	-14.88%
Debt/Equity Ratio	15.0%

How did AG perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

-7%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/30 00:05
End of Day Share Price	2025/01/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 23 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin O'Halloran	BMO Capital Markets Equity Research
David Forster	BofA Global Research
Adam Graf	B. Riley Securities, Inc.

AG Stock Overview

Rewards

Risk Analysis

First Majestic Silver Corp. Competitors

TSX:FVI

CA$2.1b

TSX:AYA

CA$1.5b

TSX:EDR

CA$1.4b

TSX:SVM

CA$970.3m

Price History & Performance

Recent News & Updates

First Majestic Provides Positive Exploration Results At San Dimas

First Majestic Silver Corp. (TSX:AG) completed the acquisition of Gatos Silver, Inc. (NYSE:GATO) from Electrum Silver US LLC, Electrum Silver US II LLC, Condire Management, LP, Condire Management, LP, Exor N.V. (ENXTAM:EXO) and others.

Chief Operating Officer exercised options to buy CA$360k worth of stock.

First Majestic Silver Corp. to Report Q4, 2024 Results on Feb 20, 2025

New Forecasts: Here's What Analysts Think The Future Holds For First Majestic Silver Corp. (TSE:AG)

Sentiment Still Eluding First Majestic Silver Corp. (TSE:AG)

Recent updates

First Majestic Provides Positive Exploration Results At San Dimas

First Majestic Silver Corp. (TSX:AG) completed the acquisition of Gatos Silver, Inc. (NYSE:GATO) from Electrum Silver US LLC, Electrum Silver US II LLC, Condire Management, LP, Condire Management, LP, Exor N.V. (ENXTAM:EXO) and others.

Chief Operating Officer exercised options to buy CA$360k worth of stock.

First Majestic Silver Corp. to Report Q4, 2024 Results on Feb 20, 2025

New Forecasts: Here's What Analysts Think The Future Holds For First Majestic Silver Corp. (TSE:AG)

Sentiment Still Eluding First Majestic Silver Corp. (TSE:AG)

Founder exercised options to buy CA$619k worth of stock.

New major risk - Revenue and earnings growth

Third quarter dividend of US$0.0048 announced

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

Third quarter 2024 earnings released: US$0.088 loss per share (vs US$0.095 loss in 3Q 2023)

Price target increased by 14% to CA$9.33

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

Price target decreased by 16% to CA$8.17

First Majestic Silver Corp. (TSX:AG) entered into a definitive agreement to acquire Gatos Silver, Inc. (NYSE:GATO) for approximately $950 million.

Price target decreased by 11% to CA$9.19

New major risk - Revenue and earnings growth

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

Second quarter dividend of US$0.0046 announced

Second quarter 2024 earnings released: US$0.17 loss per share (vs US$0.062 loss in 2Q 2023)

First Majestic Silver Corp. to Report Q2, 2024 Results on Aug 01, 2024

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

Grizzly Discoveries Inc. (TSXV:GZD) agreed to acquire 13 Motherlode CrownGrants in Greenwood from First Majestic Silver Corp. (TSX:AG) for CAD 7500.

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

First Majestic Silver Corp. Announces Resignation of Jean Des Rivières as Director

First quarter dividend of US$0.0037 announced

First Majestic Silver Corp. Declares Dividend for the First Quarter of 2024, Payable on or About June 7, 2024

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: US$0.047 loss per share (vs US$0.37 loss in 1Q 2023)

Consensus EPS estimates fall by 36%, revenue upgraded

First Majestic Silver Corp. to Report Q1, 2024 Results on May 08, 2024

First Majestic Silver Corp., Annual General Meeting, May 23, 2024

Price target increased by 8.9% to CA$8.38

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

First Majestic Silver Corp., Annual General Meeting, May 23, 2024

Fourth quarter dividend of US$0.0048 announced

First Majestic Silver Corp. has filed a Follow-on Equity Offering in the amount of $150 million.

First Majestic Silver Corp. Reports Positive Exploration Results At San Dimas, Santa Elena and Jerritt Canyon Properties

Price target decreased by 7.8% to CA$8.13

First Majestic Silver Corp. Announces Total Production from San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine

Price target decreased by 9.9% to CA$8.50

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

Founder exercised options to buy CA$433k worth of stock.

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

Price target decreased by 12% to CA$9.31

First Majestic Silver Corp. Declares Dividend for the Third Quarter of 2023, Payable on November 30, 2023

Third quarter 2023 earnings released: US$0.095 loss per share (vs US$0.079 loss in 3Q 2022)

First Majestic Silver Corp. to Report Q3, 2023 Results on Nov 02, 2023

Price target decreased by 8.5% to CA$10.75

Vice President of Corporate Development recently sold CA$928k worth of stock

Vice President of Corporate Development recently sold CA$637k worth of stock

Second quarter 2023 earnings released: US$0.062 loss per share (vs US$0.32 loss in 2Q 2022)

First Majestic Silver Corp. Declares Cash Dividend for the Second Quarter of 2023, Payable on or About August 31, 2023

First Majestic Silver Corp. Provides Production Guidance for the Second Half of 2023 and Revises Production Guidance for the Fiscal Year 2023

First Majestic Silver Corp. Announces Positive Drilling Results from Its Ongoing Exploration Programs At San Dimas, Santa Elena, and Jerritt Canyon

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

Vice President of Corporate Development recently bought CA$59k worth of stock

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

First quarter 2023 earnings released: US$0.37 loss per share (vs US$0.028 profit in 1Q 2022)