AG1 N Stock Overview

Engages in the acquisition, exploration, development, and production of mineral properties in North America. More details

AG1 N fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 93% below our estimate of its fair value

Earnings are forecast to grow 112.76% per year

Risk Analysis

Shares are highly illiquid

Shareholders have been diluted in the past year

Community vs My Fair Value

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First Majestic Silver Corp. Competitors

Minera Frisco. de

BMV:MFRISCO A-1

Mex$20.0b

Orbia Advance Corporation. de

BMV:ORBIA *

Mex$29.4b

Industrias CH S. A. B. de C. V

BMV:ICH B

Mex$71.2b

ALPEK. de

BMV:ALPEK A

Mex$25.2b

Price History & Performance

Summary of share price highs, lows and changes for First Majestic Silver
Historical stock prices
Current Share Price	CA$135.00
52 Week High	CA$135.00
52 Week Low	CA$83.00
Beta	1.31
1 Month Change	0%
3 Month Change	7.14%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-24.54%

Recent updates

Shareholder Returns

	AG1 N	MX Metals and Mining	MX Market
7D	0%	4.3%	-0.7%
1Y	n/a	11.8%	-9.7%

Return vs Industry: Insufficient data to determine how AG1 N performed against the MX Metals and Mining industry.

Return vs Market: Insufficient data to determine how AG1 N performed against the MX Market.

Price Volatility

Is AG1 N's price volatile compared to industry and market?
AG1 N volatility
AG1 N Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	4.6%
Market Average Movement	4.2%
10% most volatile stocks in MX Market	7.2%
10% least volatile stocks in MX Market	2.7%

Stable Share Price: AG1 N's share price has been volatile over the past 3 months compared to the MX market.

Volatility Over Time: Insufficient data to determine AG1 N's volatility change 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?
AG1 N fundamental statistics
Market cap	Mex$34.53b
Earnings (TTM)	-Mex$1.60b
Revenue (TTM)	Mex$10.78b

3.2x

P/S Ratio

-21.5x

P/E Ratio

Is AG1 N overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AG1 N 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

n/a

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

How did AG1 N 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

Data	Last Updated (UTC time)
Company Analysis	2025/01/14 13:34
End of Day Share Price	2024/10/18 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.

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 Github.

Analyst Sources

First Majestic Silver Corp. is covered by 24 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.

AG1 N Stock Overview

Rewards

Risk Analysis

First Majestic Silver Corp. Competitors

BMV:MFRISCO A-1

Mex$20.0b

BMV:ORBIA *

Mex$29.4b

BMV:ICH B

Mex$71.2b

BMV:ALPEK A

Mex$25.2b

Price History & Performance

Recent News & Updates

First Majestic Silver Corp. Appoints Daniel Muniz Quintanilla to Its Board of Directors

First Majestic Silver Corp., Annual General Meeting, May 20, 2025

First Majestic Silver Corp. Provides Consolidated Production Guidance for the Year 2025

First Majestic Silver Corp. Provides Production Guidance for the Year 2025

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.

Recent updates

First Majestic Silver Corp. Appoints Daniel Muniz Quintanilla to Its Board of Directors

First Majestic Silver Corp., Annual General Meeting, May 20, 2025

First Majestic Silver Corp. Provides Consolidated Production Guidance for the Year 2025

First Majestic Silver Corp. Provides Production Guidance for the Year 2025

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.

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

Third quarter dividend of US$0.0048 announced

Insider recently bought Mex$530k worth of stock

New major risk - Revenue and earnings growth

Insider recently sold Mex$1.2m worth of stock

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

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

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. Announces Resignation of Jean Des Rivières as Director

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

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

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

Fourth quarter dividend of US$0.0048 announced

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

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

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

Insider recently sold Mex$235k worth of stock

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

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

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

First Majestic Silver Corp. Declares Dividend for the First Quarter of 2023, Payable on or About June 9, 2023

Insider recently sold Mex$1.0m worth of stock

First Majestic Silver Corp. to Report Q4, 2022 Results on Feb 23, 2023

First Majestic Silver Corp. Declares Cash Dividend for the Third Quarter of 2022, Payable on or About December 2, 2022

First Majestic Reports Continues Exploration Success Intersecting 19.97 G/T Au over 20.9M Near Active Underground Mining At Jerritt Canyon

First Majestic Silver Corp. to Report Q3, 2022 Results on Nov 09, 2022

Vice President of Corporate Development recently bought Mex$376k worth of stock

High number of new directors

Insider recently bought Mex$226k worth of stock

First Majestic Silver Corp. Announces Additional Positive Drill Results from its Ongoing Exploration Program At the Jerritt Canyon Gold Mine

Vice President of Corporate Development recently bought Mex$761k worth of stock

High number of new directors

First Majestic Silver Corp. Declares Cash Dividend for the Second Quarter of 2022, Payable on or About August 31, 2022

First Majestic Silver Corp. to Report Q2, 2022 Results on Aug 04, 2022

Vice President of Corporate Development recently bought Mex$827k worth of stock

High number of new directors

First Majestic Silver Corp. Announces Positive Drill Results from Its Ongoing Exploration Program At the Jerritt Canyon Gold Mine Located in Elko County, Nevada

First Majestic Silver Corp. Elects Raymond Polman to Board of Directors

Sierra Madre Gold and Silver Ltd. (TSXV:SM) signed an arm’s length definitive agreement to acquire La Guitarra Compania Minera S.A. from First Majestic Silver Corp. (TSX:FR) for $39.8 million.

Vice President of Corporate Development recently bought Mex$796k worth of stock

First Majestic Silver Corp. Declares Cash Dividend for the First Quarter of 2022, Payable on or About June 10, 2022

First Majestic Silver Corp. to Report Q1, 2022 Results on May 12, 2022

Insider recently sold Mex$1.4m worth of stock

Insider recently sold Mex$1.7m worth of stock

First Majestic Announces 2021 Mineral Reserve and Resource Estimates

Shareholder Returns

Price Volatility

About the Company

First Majestic Silver Corp. Fundamentals Summary

3.2x