Last Updated: 18 Sep 2024
Executive Summary
First Majestic Silver Corp. (AG) is a silver mining company headquartered in Vancouver, Canada. The company operates mines in Mexico and the United States. AG's stock price has been volatile in recent years, but it has outperformed the broader market over the long term.
Company Overview
AG was founded in 2004 and has grown rapidly through acquisitions and organic growth. The company now operates five mines in Mexico and one mine in the United States. AG's mines produce silver, gold, lead, and zinc.
AG is a leading silver producer with a strong track record of operational excellence. The company has a proven ability to find, develop, and operate mines profitably. AG is also committed to environmental stewardship and social responsibility.
Fundamental Analysis
AG's financial performance has been mixed in recent years. The company has been impacted by declining silver prices and rising costs. However, AG has taken steps to improve its operations and reduce costs.
AG's revenue declined by 0.072% in the most recent quarter. The company's gross profit margin was 140604000. AG's net income was -$26116000 in the most recent quarter.
AG's balance sheet is strong. The company has $226,265,000 in cash and equivalents and $1,057,799,000 in total assets. AG's debt-to-equity ratio is 0.44.
AG's valuation metrics are attractive. The company's forward P/E ratio is 17.92. AG's price-to-sales ratio is 3.596.
Technical Analysis
AG's stock price has been in a downtrend since early 2023. The stock price is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is oversold, which suggests that the stock price is due for a rebound.
Short Term Outlook
AG's stock price is likely to remain volatile in the short term. The company's financial performance is expected to improve in the coming quarters, but the silver price is likely to remain volatile.
Long Term Outlook
AG is a well-positioned silver producer with a strong track record of operational excellence. The company is expected to benefit from rising silver prices in the long term.
Analyst Recommendations
Analysts are bullish on AG's long-term prospects. The consensus analyst rating is "buy." The average analyst target price is $7.93.
