NYSE:AG (Canada) Also Trade In: Canada Germany Switzerland UK

First Majestic Silver Corp $ 6.02 -0.17 (-2.75%)

Volume:
4,059,305
Avg Vol (1m):
5,941,850
Market Cap $:
1.25 Bil
Enterprise Value $:
1.26 Bil
P/E (TTM):
0.00
P/B:
2.00
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AG News and Headlines - First Majestic Silverrp

GuruFocus Articles Total 11
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The miner is going to benefit from a rally in the price of the precious metal

Silver price outlook

Every day a higher number of market participants fear that the ongoing epidemic of the new coronavirus, which has started spreading globally, may cause serious damage to the economy.

On the tailwind of this, precious metals, which are used by investors as safe-haven assets, are trading higher.

In February, silver gained 1.6% on the London bullion market to trade at $18.05 per Troy ounce as of Thursday.

After the short-term effects of the virus pass, longer-term factors for increasing silver prices include trade conflicts amid countries and sluggish and slowing economic growth worldwide.

Mainly based on

73 Views    Alberto Abaterusso    2020-02-28 16:52
Buy the stock after a significant weakness in the share price

Shares of First Majestic Silver Corp. (AG) gained 1.41% to close at $7.91 on Monday after the company released production results for the second quarter and first six months of 2019.

The Vancouver-based miner reported strong production growth at its San Dimas and Santa Elena mines in Mexico during the quarter, making up nearly 80% of the company’s total output of 6,410,483 ounces of silver equivalent. Total production was 25% higher year over year and increased 2% from the previous quarter.

In addition to the San Dimas and Santa Elena assets, First Majestic derived its total second-quarter production from the

349 Views    Alberto Abaterusso    2019-07-16 16:36
Miner's earnings were in line with estimates

Shares of First Majestic Silver Corp. (AG) closed at $6 on Thursday, up 2.74% from the previous close, on the back of first-quarter results. The mining company posted GAAP earnings of 1 cent per share, which were in line with estimates.

The non-GAAP loss of 1 cent per share improved from a loss of 6 cents per share a year ago.

Revenue of $86.8 million grew 48.1% from the prior-year quarter, but fell 7.12% short of expectations.

Despite the 6% year-over-year decrease in the silver price to $15.73 per ounce, the miner recorded an increase in operating earnings to $10.3

74 Views    Alberto Abaterusso    2019-05-10 18:04
The stock is too expensive at current silver prices

After a very positive month for silver, in which the price reached a cumulative average of $15.8063 per ounce, or 1.7% above the cumulative average for 2018, silver is downtrending again. The precious metal was down 2.3% at $15.4450 per troy ounce at close on Tuesday.

Investors in silver mining companies may, therefore, want to consider decreasing their exposure to those stocks that are not strongly positioned. One of the stocks that will be impacted is First Majestic Silver Corp. (AG).

The 11% to 24% projected increase in production of equivalent silver to between 24.7 million and 27.5 million ounces

395 Views    Alberto Abaterusso    2019-03-13 19:09
The investment firm increases and decreases shares of 14 mining stocks

During the fourth quarter, Van Eck Associates Corp. moved on the following 14 precious metals producers of which it is the top institutional holder.

This information can give a useful hint to investors, helping them implement appropriate strategies for gold and silver stocks. This is because top institutional holders do comprehensive research on their companies before buying and selling shares or opening and closing a position.

During the fourth quarter, Van Eck Associates Corp. decreased its holding in:

  • SSR Mining Inc. (SSRM) by 1.2% to 17,894,055 shares, or 14.89% of the company, as of Dec. 31.
  • Seabridge Gold Inc.
69 Views    Alberto Abaterusso    2019-02-12 18:00
The stock is cheap. There are catalysts

First Majestic Silver Corp. (AG) has collapsed 5.74% on the New York Stock Exchange to a share price of $5.09 on Monday, for a market capitalization of approximately $982.6 million. For the 52 weeks through Nov. 12, the share price has fallen 21% and is now trading substantially below the 50-, 100- and 200-day simple moving average lines.

First Majestic Silver Corp. is trading cheaply. This is also indicated by a price-book ratio of 1.31 versus an industry median of 1.74. The share price at close Monday is just 3.2% off the 52-week low of $4.93

150 Views    Alberto Abaterusso    2018-11-13 17:35
Third-quarter operating performance was strong, but the stock is not a buy

First Majestic Silver Corp. (AG) jumped 2.27% to $6.30 at close on Oct.15, following the release of production results for the third quarter of fiscal 2018.

Thanks to a complete trimester of production from the San Dimas silver mine in Mexico and significant grade improvements across five out of a total of six mines operated, First Majestic Silver Corp. reported a record third-quarter equivalent silver production of 6.7 million ounces, reflecting 31% growth from the prior-year quarter. The total production of silver equivalent resulted from 35,260 ounces of produced gold and 3,505,344 ounces of produced silver. Production of the yellow

69 Views    Alberto Abaterusso    2018-10-16 15:50
Miner posts a 2nd-quarter loss

First Majestic Silver Corp. (AG) tumbled 15.3% to $5.49 on the New York Stock Exchange at the end of regular trading on Aug. 13 following the release of financial results for the second quarter of fiscal 2018.

The immediate impact the San Dimas mine in Mexico made in terms of mine operating earnings of $5.1 million and additional production of silver and gold was not enough for First Majestic Silver to avoid an adjusted earnings loss of 7 cents per share. The mine was acquired by the company in May. San Dimas is now the company's largest producing mineral asset

59 Views    Alberto Abaterusso    2018-08-14 18:41
First Majestic is one of the best options in the silver mining industry

As silver prices go up, a good option for investors to consider is First Majestic Silver Corp. (AG). The stock's net profit and market value are expected to rise significantly on a higher commodity.

First Majestic sources the grey metal from seven assets in Mexico. These mineral deposits are the San Dimas silver and gold deposit, the Santa Elena silver and gold mine, the La Encantada silver deposit, the San Martin silver mine, the La Parrilla silver mine, the La Guitarra silver mine and the Del Toro silver deposit. The Vancouver-based company is also engaged in exploration activities and development

57 Views    Alberto Abaterusso    2018-07-18 14:49

Rumors about the return of the Belarusian Potash Co., and its cartel-like market-dominant position, have the potential to shake the agricultural industry. Agrium (AG) is however, somewhat safe from any cartel return. The telling evidence can be found at Barclays’ analysts' new stock price projections of $113, $7 up from original estimates, made public on the first week or March. Moreover, analysts at Susquehanna raised stock target prices by $5 to $115 at the end of February. Whether this projections will become a reality is hard to say, but there are many signs that point in that direction.

Management: Recognition

362 Views    Vanina Egea    2014-03-10 21:59
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1123 Views    hyperman299    2011-11-20 03:59

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