First Majestic Silver (XSWX:AG) Moat Score: 4/10 (As of Jul. 06, 2026)


XSWX:AG First Majestic Silver Corp XSWX:AG
59 GF Score
Price CHF14.34
GF Value CHF2.82
! 2 Warning Signs
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What is First Majestic Silver Moat Score?

First Majestic Silver XSWX:AG 59 Moat Score is 4 as of Jul. 06, 2026. GuruFocus rates XSWX:AG with a GF Score™ of 59/100 and a GF Value™ of CHF2.82. The stock has 2 warning signs investors should review. Among 2,608 Metals & Mining companies, First Majestic Silver ranks better than 97.12% on this metric.

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 has a modest moat due to its cost advantages in silver production and established distribution network. However, the cyclical nature of the mining industry and lack of significant regulatory barriers limit its moat strength.

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.

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

First Majestic Silver Moat Score Related Terms

XSWX:AG vs EXK: Moat Score Comparison

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 Moat Score vs 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.


XSWX:AG
59GF Score
First Majestic Silver Corp XSWX:AG
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
First Majestic Silver (XSWX:AG) has a Moat Score of 4 as of Jul. 06, 2026. 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. According to the industry distribution chart, First Majestic Silver ranks #75 out of 2608 companies in the Metals & Mining industry, placing it in the top 2.9%.
Is First Majestic Silver's Moat Score too high?
First Majestic Silver's current Moat Score is 4. The Metals & Mining industry median Moat Score is 1.00. First Majestic Silver's value of 4 is 300% above this industry median. Based on the distribution chart, First Majestic Silver ranks #75 out of 2608 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, First Majestic Silver has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does First Majestic Silver's Moat Score compare to EXK?
According to the Metals & Mining industry distribution chart, First Majestic Silver ranks #75 out of 2608 companies for Moat Score. This places First Majestic Silver in the top 3% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. First Majestic Silver's value of 4 is 300% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,608 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Majestic Silver's current Moat Score of 4 is 300% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. 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. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Majestic Silver's current Moat Score is 4. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Majestic Silver stock overvalued right now?
First Majestic Silver (XSWX:AG) has a current Moat Score of 4. The stock's GF Value™ is CHF2.82, compared to a current price of CHF14.34 — trading 408.7% above its estimated fair value. The current Moat Score is 4 and 300% above the Metals & Mining industry median of 1.00. First Majestic Silver's overall GF Score™ is 59/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For First Majestic Silver (XSWX:AG), the current Moat Score is 4 as of Jul. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Majestic Silver (XSWX:AG) Overvalued in 2026?

Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued. The current stock price of CHF14.34 is trading 408.7% above its estimated GF Value™ of CHF2.82.

Key valuation signals for XSWX:AG:

  • Moat Score: 4
  • GF Value™: CHF2.82 vs. price of CHF14.34 (408.7% above fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 300% above the Metals & Mining median (#75 of 2608)

No single metric tells the full story. See the XSWX:AG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Majestic Silver Business Description

Address 925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2
First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.
59GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF14.34
Price
CHF2.82
GF Value