First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State. 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 founded in 1979 and is headquartered in Vancouver, Canada.
Industry, Sector and Symbol
Industry Gold & silver ores
Sub-IndustryN/A
SectorBasic Materials
Phone604-688-3033
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$252.29 million
Profitability
Miscellaneous
Employees3,900
OptionableOptionable
First Majestic Silver (NYSE:AG) Frequently Asked Questions
What is First Majestic Silver's stock symbol?
First Majestic Silver trades on the New York Stock Exchange (NYSE) under the ticker symbol "AG."
How will First Majestic Silver's stock buyback program work?
First Majestic Silver declared that its Board of Directors has initiated a stock buyback plan on Monday, March 19th 2018, which authorizes the company to repurchase 8,290,000 shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
How were First Majestic Silver's earnings last quarter?
First Majestic Silver Corp. (NYSE:AG) released its earnings results on Wednesday, November, 7th. The mining company reported ($0.03) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.04) by $0.01. The mining company earned $88.50 million during the quarter, compared to analysts' expectations of $126.56 million. First Majestic Silver had a negative return on equity of 5.13% and a negative net margin of 33.27%. First Majestic Silver's quarterly revenue was up 43.0% compared to the same quarter last year. View First Majestic Silver's Earnings History.
When is First Majestic Silver's next earnings date?
What price target have analysts set for AG?
6 brokerages have issued twelve-month price objectives for First Majestic Silver's shares. Their predictions range from $7.50 to $8.75. On average, they anticipate First Majestic Silver's share price to reach $8.0833 in the next twelve months. This suggests a possible upside of 56.7% from the stock's current price. View Analyst Price Targets for First Majestic Silver.
What is the consensus analysts' recommendation for First Majestic Silver?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Majestic Silver in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Majestic Silver.
What are Wall Street analysts saying about First Majestic Silver stock?
Here are some recent quotes from research analysts about First Majestic Silver stock:
- 1. HC Wainwright analysts commented, "We maintain our Buy rating but reduce our per share PT from $9.00 to $7.50. Our lowered PT is mostly due to our reduced commodity pricing outlook. Our valuation is based on a composite of our NAV estimate and our 2019 CFPS estimate with a NAV multiple of 1.8x. This was recently lowered from 1.9x due to the issues at La Guitarra. We maintain an 18x multiple on our 2019E, and round our blended estimate to reach our $7.50 per share PT. Risks. (1) Commodity price risk; (2) operating and technical risk; (3) political risk; and (4) financing risk." (1/15/2019)
- 2. According to Zacks Investment Research, "First Majestic Silver Corp. is engaged in the production, development, exploration, and acquisition of silver mines in Mexico. First Majestic Silver Corp. is headquartered in Vancouver, Canada. " (10/26/2018)
Has First Majestic Silver been receiving favorable news coverage?
News coverage about AG stock has trended very positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. First Majestic Silver earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned news coverage about the mining company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are some of First Majestic Silver's key competitors?
Some companies that are related to First Majestic Silver include Kinross Gold (KGC), Gold Fields (GFI), Yamana Gold (AUY), Pan American Silver (PAAS), Alamos Gold (AGI), Osisko gold royalties (OR), Iamgold (IAG), Tahoe Resources (TAHO), Coeur Mining (CDE), Seabridge Gold (SA), Harmony Gold Mining (HMY), Sibanye Gold (SBGL), McEwen Mining (MUX), Fortuna Silver Mines (FSM) and Eldorado Gold (EGO).
Who are First Majestic Silver's key executives?
First Majestic Silver's management team includes the folowing people:
- Mr. Keith N. Neumeyer, Pres, CEO & Director (Age 58)
- Mr. Raymond L. Polman C.P.A., C.A., B.Sc. (Econ), CPA, CA, Chief Financial Officer (Age 58)
- Mr. Dustin Simon VanDoorselaere, Chief Operating Officer
- Mr. Martin Ernesto Palacios MBA, CMC, Chief Transformation Officer (Age 54)
- Mr. Ramon Mendoza Reyes P. Eng., VP of Technical Services
Who are First Majestic Silver's major shareholders?
First Majestic Silver's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Virtu Financial LLC (0.03%), Cypress Wealth Services LLC (0.01%) and North Star Investment Management Corp. (0.01%).
Which major investors are selling First Majestic Silver stock?
AG stock was sold by a variety of institutional investors in the last quarter, including Cypress Wealth Services LLC.
Which major investors are buying First Majestic Silver stock?
AG stock was purchased by a variety of institutional investors in the last quarter, including Virtu Financial LLC and North Star Investment Management Corp..
How do I buy shares of First Majestic Silver?
Shares of AG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Majestic Silver's stock price today?
One share of AG stock can currently be purchased for approximately $5.16.
How big of a company is First Majestic Silver?
First Majestic Silver has a market capitalization of $1.00 billion and generates $252.29 million in revenue each year. The mining company earns $-53,270,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis. First Majestic Silver employs 3,900 workers across the globe.
What is First Majestic Silver's official website?
How can I contact First Majestic Silver?
First Majestic Silver's mailing address is 925 WEST GEORGIA STREET SUITE 1805, VANCOUVER A1, V6C 3L2. The mining company can be reached via phone at 604-688-3033.
MarketBeat Community Rating for First Majestic Silver (NYSE AG)
MarketBeat's community ratings are surveys of what our community members think about First Majestic Silver and other stocks. Vote "Outperform" if you believe AG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AG will underperform the S&P 500 over the long term. You may vote once every thirty days.
