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
Stock Exchange NYSE
Industry Gold & silver ores
Sub-IndustryN/A
SectorBasic Materials
SymbolNYSE:AG
CUSIPN/A
Phone604-688-3033
Debt
Debt-to-Equity Ratio0.21
Current Ratio4.41
Quick Ratio4.15
Price-To-Earnings
Trailing P/E Ratio-131.25
Forward P/E Ratio-262.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$252.29 million
Price / Sales4.02
Cash Flow$0.3507 per share
Price / Cash14.97
Book Value$3.51 per share
Price / Book1.50
Profitability
EPS (Most Recent Fiscal Year)($0.04)
Net Income$-53,270,000.00
Net Margins-25.47%
Return on Equity-3.27%
Return on Assets-2.38%
Miscellaneous
Employees3,900
Outstanding Shares193,130,000
Market Cap$1.25 billion
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 announced that its Board of Directors has approved a stock repurchase program on Monday, March 19th 2018, which allows the company to repurchase 8,290,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.
How were First Majestic Silver's earnings last quarter?
First Majestic Silver Corp. (NYSE:AG) posted its quarterly earnings results on Monday, August, 13th. The mining company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.02) by $0.05. The mining company earned $79.70 million during the quarter, compared to analyst estimates of $111.49 million. First Majestic Silver had a negative return on equity of 3.27% and a negative net margin of 25.47%. The company's revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) earnings per share. View First Majestic Silver's Earnings History.
When is First Majestic Silver's next earnings date?
What price target have analysts set for AG?
5 analysts have issued 1 year target prices for First Majestic Silver's stock. Their forecasts range from $8.75 to $9.00. On average, they anticipate First Majestic Silver's share price to reach $8.9167 in the next twelve months. This suggests a possible upside of 69.8% from the stock's current price. View Analyst Price Targets for First Majestic Silver.
What is the consensus analysts' recommendation for First Majestic Silver?
5 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Majestic Silver.
Who are some of First Majestic Silver's key competitors?
Some companies that are related to First Majestic Silver include Kirkland Lake Gold (KL), Kinross Gold (KGC), AngloGold Ashanti (AU), Gold Fields (GFI), Yamana Gold (AUY), Pan American Silver (PAAS), IAMGOLD (IAG), Alamos Gold (AGI), Osisko gold royalties (OR), Tahoe Resources (TAHO), Coeur Mining (CDE), Eldorado Gold (EGO), Fortuna Silver Mines (FSM), McEwen Mining (MUX) and Seabridge Gold (SA).
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
Has First Majestic Silver been receiving favorable news coverage?
News headlines about AG stock have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Majestic Silver earned a media and rumor sentiment score of 0.06 on Accern's scale. They also assigned news headlines about the mining company an impact score of 47.51 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for First Majestic Silver.
Who are First Majestic Silver's major shareholders?
First Majestic Silver's stock is owned by many different of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (12.38%), WHEATON PRECIOUS METALS CORP. (10.80%), Global X Management Co LLC (1.27%), Connor Clark & Lunn Investment Management Ltd. (0.69%), Alps Advisors Inc. (0.55%) and Alps Advisors Inc. (0.55%).
Which major investors are selling First Majestic Silver stock?
AG stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, TD Asset Management Inc., BNP Paribas Arbitrage SA, Jane Street Group LLC, Integrated Investment Consultants LLC, Raymond James & Associates, Bank of New York Mellon Corp and Legal & General Group Plc.
Which major investors are buying First Majestic Silver stock?
AG stock was acquired by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, CIBC Asset Management Inc, Capital Fund Management S.A., Global X Management Co LLC, Alps Advisors Inc., Alps Advisors Inc., Connor Clark & Lunn Investment Management Ltd. and BlackRock Inc..
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 $5.25.
How big of a company is First Majestic Silver?
First Majestic Silver has a market capitalization of $1.25 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.
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.
