First Majestic Silver (MEX:AG1 N) Moat Score : 4/10 (As of Jul. 15, 2025)

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What is First Majestic Silver Moat Score?

First Majestic Silver has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

First Majestic Silver has Narrow Moat: First Majestic Silver Corp benefits from cost advantages in silver production and a strong distribution network. However, the cyclical nature of the mining industry and limited pricing power constrain its moat to a narrow category.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes First Majestic Silver might have Narrow Moat - Discernible but modest moat.

Competitive Comparison of First Majestic Silver's Moat Score

For the Silver subindustry, First Majestic Silver's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Majestic Silver's Moat Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's Moat Score distribution charts can be found below:

* The bar in red indicates where First Majestic Silver's Moat Score falls into.

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First Majestic Silver (MEX:AG1 N) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score	Moat Level
10	Wide Moat - Exceptionally dominant and durable wide moat
8 - 9	Wide Moat - Clear and robust wide moat
7	Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6	Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5	Narrow Moat - Solid narrow moat
4	Narrow Moat - Discernible but modest moat
1 - 3	No Moat - Very weak/transient advantages
0	No Moat - No discernible moat

First Majestic Silver Moat Score Related Terms

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First Majestic Silver Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Majestic Silver Corp (MEX:AG1 N) » Definitions » Moat Score

Comparable Companies

Traded in Other Exchanges

AG:USA 0QYC:UK FMV:Germany FMV:Germany FMV:Germany FMV:Germany AG:Canada

Address

925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2

Website

https://www.firstmajestic.com

First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns three producing mines in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine.

First Majestic Silver Headlines

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