NYSE:AG

First Majestic Silver - AG Stock Forecast, Price & News

$8.09

-0.04 (-0.49%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $7.97
▼
$8.18
50-Day Range: $6.54
▼
$8.91
52-Week Range: $6.31
▼
$14.67

Volume: 3.30 million shs
Average Volume: 6.11 million shs
Market Capitalization: $2.13 billion

P/E Ratio: N/A
Dividend Yield: 0.25%
Price Target: $11.44

First Majestic Silver MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 41.4% Upside
$11.44 Price Target
Short Interest: Healthy
6.64% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.53
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 683.33%
From $0.06 to $0.47 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.28 out of 5 stars

Basic Materials Sector

89th out of 170 stocks

Gold & Silver Ores Industry

15th out of 34 stocks

3.3

Analyst's Opinion

Consensus Rating
First Majestic Silver has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.44, First Majestic Silver has a forecasted upside of 41.4% from its current price of $8.09.
Amount of Analyst Coverage
First Majestic Silver has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
6.64% of the outstanding shares of First Majestic Silver have been sold short.
Short Interest Ratio / Days to Cover
First Majestic Silver has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in First Majestic Silver has recently increased by 8.45%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
First Majestic Silver has a dividend yield of 0.25%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Majestic Silver has only been increasing its dividend for 1 years.
Dividend Sustainability
Based on earnings estimates, First Majestic Silver will have a dividend payout ratio of 4.26% next year. This indicates that First Majestic Silver will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AG.

3.1

News and Social Media Coverage

News Sentiment
First Majestic Silver has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.33 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for First Majestic Silver this week, compared to 1 article on an average week.
Search Interest
17 people have searched for AG on MarketBeat in the last 30 days. This is an increase of 21% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added First Majestic Silver to their MarketBeat watchlist in the last 30 days. This is a decrease of -18% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Majestic Silver insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.85% of the stock of First Majestic Silver is held by insiders.
Percentage Held by Institutions
Only 39.65% of the stock of First Majestic Silver is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for First Majestic Silver are expected to grow by 683.33% in the coming year, from $0.06 to $0.47 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Majestic Silver is -21.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Majestic Silver is -21.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
First Majestic Silver has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About First Majestic Silver (NYSE:AG) Stock

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. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares. The company also holds 100% interests in the La Parrilla Silver Mine that covers an area of 69,478 hectares located in Durango; the Del Toro Silver Mine consisting of 3,815 hectares of mining concessions and 219 hectares of surface rights located in Zacatecas; the San Martin Silver Mine includes 33 mining concessions covering an area of 12,795 hectares located in Jalisco; and the La Guitarra Silver Mine that covers an area of 39,714 hectares located in Mexico. In addition, it holds interest in the Springpole project, a gold and silver project covering an area of approximately 41,913 hectares in Ontario, Canada. 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. was incorporated in 1979 and is headquartered in Vancouver, Canada.

Wall Street Analysts Forecast Growth

AG has been the subject of a number of analyst reports. TheStreet cut First Majestic Silver from a "c" rating to a "d+" rating in a research report on Friday, April 22nd. HC Wainwright reduced their price target on First Majestic Silver from $19.50 to $12.50 and set a "buy" rating for the company in a research report on Monday, July 25th. TD Securities reduced their price target on First Majestic Silver from C$20.00 to C$12.00 in a research report on Friday, May 13th. BMO Capital Markets reduced their price target on First Majestic Silver from C$10.00 to C$9.50 in a research report on Monday, July 25th. Finally, National Bank Financial reduced their price target on First Majestic Silver from C$18.00 to C$11.75 in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $11.44.

First Majestic Silver Price Performance

Shares of NYSE:AG traded down $0.04 during trading on Tuesday, hitting $8.09. 3,296,846 shares of the company's stock were exchanged, compared to its average volume of 6,110,642. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.46 and a quick ratio of 1.98. First Majestic Silver has a 52-week low of $6.31 and a 52-week high of $14.67. The business's 50-day simple moving average is $7.60 and its 200 day simple moving average is $9.99. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -21.29 and a beta of 1.02.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th will be given a dividend of $0.0061 per share. The ex-dividend date of this dividend is Monday, August 15th. This represents a $0.02 annualized dividend and a dividend yield of 0.30%. This is a boost from First Majestic Silver's previous quarterly dividend of $0.01. First Majestic Silver's dividend payout ratio (DPR) is currently -5.26%.

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AG Stock News Headlines

August 12, 2022 | benzinga.com

First Majestic Silver's Ex-Dividend Date Is Monday, Here's What You Need To Know

August 8, 2022 | seekingalpha.com

First Majestic Silver (AG) Investor Presentation - Slideshow

August 17, 2022 | Behind the Markets (Ad)

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August 4, 2022 | finance.yahoo.com

Why First Majestic Silver Stock Rose as Much as 11.9% Today

August 4, 2022 | msn.com

Recap: First Majestic Silver Q2 Earnings

July 28, 2022 | americanbankingnews.com

First Majestic Silver (NYSE:AG) Given New $12.50 Price Target at HC Wainwright

July 27, 2022 | americanbankingnews.com

First Majestic Silver (NYSE:AG) PT Lowered to C$9.50

July 27, 2022 | americanbankingnews.com

First Majestic Silver (NYSE:AG) Hits New 12-Month Low After Analyst Downgrade

August 17, 2022 | Investing Daily (Ad)

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July 26, 2022 | americanbankingnews.com

Q3 2022 EPS Estimates for First Majestic Silver Corp. Boosted by Cormark (NYSE:AG)

July 25, 2022 | americanbankingnews.com

National Bank Financial Cuts First Majestic Silver (NYSE:AG) Price Target to C$11.75

July 23, 2022 | americanbankingnews.com

First Majestic Silver (NYSE:AG) Sees Strong Trading Volume

July 21, 2022 | nasdaq.com

AG September 2nd Options Begin Trading

July 7, 2022 | finance.yahoo.com

Do Options Traders Know Something About First Majestic (AG) Stock We Don't?

June 23, 2022 | nasdaq.com

Interesting AG Put And Call Options For August 5th

June 14, 2022 | stocknews.com

4 Beaten Down Silver Miners to Buy as the Economic Outlook Sours

June 2, 2022 | finance.yahoo.com

Is First Majestic Silver (TSE:FR) Using Too Much Debt?

June 2, 2022 | finance.yahoo.com

Why Hecla Mining, First Majestic, and Other Gold and Silver Stocks Sizzled Today

May 27, 2022 | finance.yahoo.com

First Majestic Announces Voting Results from Annual General & Special Meeting

May 20, 2022 | benzinga.com

First Majestic Silver's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

May 5, 2022 | finance.yahoo.com

CDSG PLANS DRILLING ON LARGE CARLIN TYPE GOLD TARGET IN NEVADA

April 28, 2022 | fool.ca

1 TSX Silver Stock That’s Dirt Cheap and Ready to Rally

April 23, 2022 | nasdaq.com

AG Makes Notable Cross Below Critical Moving Average

April 18, 2022 | nasdaq.com

First Week of June 17th Options Trading For First Majestic Silver (AG)

April 18, 2022 | seekingalpha.com

First Majestic Silver's Q1 production weighed by spurt in COVID cases

April 18, 2022 | finance.yahoo.com

First Majestic Produces 7.2M Silver Eqv. Oz in the First Quarter Consisting of 2.6M Oz Silver and 58,892 Oz Gold

April 12, 2022 | baystreet.ca

Gold Could Rally to $2,500 in 2022, Says Goldman Sachs

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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AG Company Calendar

Last Earnings: 11/04/2021
Ex-Dividend for 6/10 Dividend: 5/24/2022
Dividend Payable: 6/10/2022
Ex-Dividend for 8/31 Dividend: 8/15/2022
Today: 8/17/2022
Dividend Payable: 8/31/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Gold & silver ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:AG
CUSIP: N/A
CIK: 1308648
Web: www.firstmajestic.com
Phone: (604) 688-3033
Fax: 604-639-8873
Employees: 5,287
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $11.44
High Stock Price Forecast: $12.50
Low Stock Price Forecast: $9.50
Forecasted Upside/Downside: +41.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.38)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 134.83
P/E Growth: N/A
Net Income: $-4,920,000.00
Net Margins: -15.35%
Pretax Margin: -1.50%
Return on Equity: -1.85%
Return on Assets: -1.24%

Debt

Debt-to-Equity Ratio: 0.16
Current Ratio: 2.46
Quick Ratio: 1.98

Sales & Book Value

Annual Sales: $584.12 million
Price / Sales: 3.64
Cash Flow: $0.46 per share
Price / Cash Flow: 17.52
Book Value: $5.43 per share
Price / Book: 1.49

Miscellaneous

Outstanding Shares: 262,853,000
Free Float: 260,619,000
Market Cap: $2.13 billion
Optionable: Optionable
Beta: 1.02

Key Executives

Mr. Keith N. Neumeyer (Age 62)
Founder, Pres, CEO & Director
Comp: $2.75M
Mr. Steven C. Holmes
Chief Operating Officer
Mr. Ramon Mendoza Reyes P. Eng.
P.Eng., VP of Technical Services
Mr. David Soares C.A.
CPA, M.B.A., Chief Financial Officer
Mr. Arturo Diaz
VP of Admin.
Ms. Sophie E. Hsia BCL
L.L.B., L.L.M., LLB, LLM, Gen. Counsel
Ms. Jill Anne Arias
VP of Corp. Communications & Marketing
Mr. Todd Anthony M.B.A.
MBA, VP of Corp. Devel.
Mr. David Smith
VP of HR
Ms. Connie Lillico B.A.
Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AG Stock - Frequently Asked Questions

Should I buy or sell First Majestic Silver stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Majestic Silver in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AG shares.
View AG analyst ratings or view top-rated stocks.
What is First Majestic Silver's stock price forecast for 2022?: 5 analysts have issued twelve-month price objectives for First Majestic Silver's shares. Their AG share price forecasts range from $9.50 to $12.50. On average, they expect the company's stock price to reach $11.44 in the next twelve months. This suggests a possible upside of 41.4% from the stock's current price.
View analysts price targets for AG or view top-rated stocks among Wall Street analysts.
How have AG shares performed in 2022?: First Majestic Silver's stock was trading at $11.11 at the beginning of the year. Since then, AG shares have decreased by 27.2% and is now trading at $8.09.
View the best growth stocks for 2022 here.
Are investors shorting First Majestic Silver?: First Majestic Silver saw a increase in short interest in July. As of July 31st, there was short interest totaling 17,450,000 shares, an increase of 8.5% from the July 15th total of 16,090,000 shares. Based on an average daily volume of 6,430,000 shares, the short-interest ratio is currently 2.7 days.
View First Majestic Silver's Short Interest.
When is First Majestic Silver's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our AG earnings forecast.
How were First Majestic Silver's earnings last quarter?: First Majestic Silver Corp. (NYSE:AG) posted its quarterly earnings results on Thursday, November, 4th. The mining company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.06. The mining company earned $124.65 million during the quarter. First Majestic Silver had a negative trailing twelve-month return on equity of 1.85% and a negative net margin of 15.35%.
How often does First Majestic Silver pay dividends? What is the dividend yield for First Majestic Silver?: First Majestic Silver announced a quarterly dividend on Friday, August 5th. Investors of record on Tuesday, August 16th will be given a dividend of $0.0061 per share on Wednesday, August 31st. This represents a $0.02 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Monday, August 15th. This is a positive change from the stock's previous quarterly dividend of $0.01.
Read our dividend analysis for AG.
Is First Majestic Silver a good dividend stock?: First Majestic Silver (NYSE:AG) pays an annual dividend of $0.02 per share and currently has a dividend yield of 0.25%.
Read our dividend analysis for AG.

What is Keith Neumeyer's approval rating as First Majestic Silver's CEO?: 5 employees have rated First Majestic Silver Chief Executive Officer Keith Neumeyer on Glassdoor.com. Keith Neumeyer has an approval rating of 83% among the company's employees. 78.0% of employees surveyed would recommend working at First Majestic Silver to a friend.
What other stocks do shareholders of First Majestic Silver own?: Based on aggregate information from My MarketBeat watchlists, some companies that other First Majestic Silver investors own include First Majestic Silver (FR), SSR Mining (SSRM), Coeur Mining (CDE), Yamana Gold (AUY), Wheaton Precious Metals (WPM), Endeavour Silver (EXK), Pan American Silver (PAAS), Barrick Gold (GOLD), Hecla Mining (HL).
What is First Majestic Silver's stock symbol?: First Majestic Silver trades on the New York Stock Exchange (NYSE) under the ticker symbol "AG."
Who are First Majestic Silver's major shareholders?: First Majestic Silver's stock is owned by many different institutional and retail investors. Top institutional investors include Van ECK Associates Corp (10.00%), Deer Park Road Corp (0.64%), Renaissance Technologies LLC (0.48%), DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (0.27%), TD Asset Management Inc. (0.23%) and Citadel Advisors LLC (0.00%).
View institutional ownership trends.
How do I buy shares of First Majestic Silver?: Shares of AG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is First Majestic Silver's stock price today?: One share of AG stock can currently be purchased for approximately $8.09.
How much money does First Majestic Silver make?: First Majestic Silver (NYSE:AG) has a market capitalization of $2.13 billion and generates $584.12 million in revenue each year. The mining company earns $-4,920,000.00 in net income (profit) each year or ($0.38) on an earnings per share basis.
How many employees does First Majestic Silver have?: The company employs 5,287 workers across the globe.
How can I contact First Majestic Silver?: First Majestic Silver's mailing address is 925 WEST GEORGIA STREET SUITE 1800, VANCOUVER A1, V6C 3L2. The official website for the company is www.firstmajestic.com. The mining company can be reached via phone at (604) 688-3033 or via fax at 604-639-8873.

This page (NYSE:AG) was last updated on 8/17/2022 by MarketBeat.com Staff

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First Majestic Silver - AG Stock Forecast, Price & News

First Majestic Silver MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month