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NYSE:AG

First Majestic Silver - AG Stock Forecast, Price & News

$8.13
-0.23 (-2.75%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.85
$8.18
50-Day Range
$6.54
$8.91
52-Week Range
$6.31
$14.67
Volume
5.12 million shs
Average Volume
6.13 million shs
Market Capitalization
$2.14 billion
P/E Ratio
N/A
Dividend Yield
0.24%
Price Target
$11.44

First Majestic Silver MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
40.7% 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
0.05mentions of First Majestic Silver in the last 14 days
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.

2.19 out of 5 stars

Basic Materials Sector

88th out of 177 stocks

Gold & Silver Ores Industry

14th out of 37 stocks

AG stock logo

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.

First Majestic Silver Trading Up 3.0 %

AG Stock opened at $8.37 on Monday. The business has a fifty day moving average price of $7.62 and a 200 day moving average price of $10.02. First Majestic Silver has a fifty-two week low of $6.31 and a fifty-two week high of $14.67. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -22.03 and a beta of 1.02. 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 (NYSE:AG - Get Rating) (TSE:FR) last announced its quarterly earnings data on Thursday, May 12th. The mining company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.08). First Majestic Silver had a negative net margin of 15.35% and a negative return on equity of 1.85%. The firm had revenue of $156.84 million during the quarter. Analysts expect that First Majestic Silver will post 0.06 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th will be given a $0.0061 dividend. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.01. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, August 15th. First Majestic Silver's dividend payout ratio (DPR) is currently -5.26%.

Wall Street Analysts Forecast Growth

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

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AG Stock News Headlines

First Majestic Silver (NYSE:AG) PT Lowered to C$9.50
First Majestic Silver (NYSE:AG) Sees Strong Trading Volume
AG September 2nd Options Begin Trading
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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
Today
8/15/2022
Ex-Dividend for 8/31 Dividend
8/15/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
N/A
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
+40.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-4,920,000.00
Pretax Margin
-1.50%

Debt

Sales & Book Value

Annual Sales
$584.12 million
Cash Flow
$0.46 per share
Book Value
$5.43 per share

Miscellaneous

Free Float
260,619,000
Market Cap
$2.14 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.













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 equities research analysts have issued twelve-month price objectives for First Majestic Silver's stock. Their AG share price forecasts range from $9.50 to $12.50. On average, they predict the company's stock price to reach $11.44 in the next year. This suggests a possible upside of 40.7% 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 start of the year. Since then, AG stock has decreased by 26.8% and is now trading at $8.13.
View the best growth stocks for 2022 here
.

Are investors shorting First Majestic Silver?

First Majestic Silver saw a increase in short interest during the month of 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 trading volume of 6,430,000 shares, the short-interest ratio is presently 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) released its earnings results on Thursday, November, 4th. The mining company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by $0.06. The mining company had revenue of $124.65 million for 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 declared a quarterly dividend on Friday, August 5th. Investors of record on Tuesday, August 16th will be paid a dividend of $0.0061 per share on Wednesday, August 31st. This represents a $0.02 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Monday, August 15th. This is an increase 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 0.24%.
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 retail and institutional investors. Top institutional investors include Van ECK Associates Corp (10.00%), Renaissance Technologies LLC (0.48%), TD Asset Management Inc. (0.23%), Citadel Advisors LLC (0.00%), Public Sector Pension Investment Board (0.21%) and Swiss National Bank (0.21%).
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 $8.13.

How much money does First Majestic Silver make?

First Majestic Silver (NYSE:AG) has a market capitalization of $2.14 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 8/15/2022 by MarketBeat.com Staff

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