First Majestic Silver
AG

$4.63

4.11%

Market Cap: $1.4B

About: First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns three producing mines, in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.

Employees: 3,746

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

29% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 51

22% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 27

3% more funds holding

Funds holding: 196 [Q1] → 202 (+6) [Q2]

2% more capital invested

Capital invested by funds: $515M [Q1] → $527M (+$11.7M) [Q2]

0.43% more ownership

Funds ownership: 30.14% [Q1] → 30.57% (+0.43%) [Q2]

65% less call options, than puts

Call options by funds: $50.5M | Put options by funds: $144M

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$8.50

84%

upside

Avg. target

$8.50

84%

upside

High target

$8.50

84%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

HC Wainwright & Co. Heiko Ihle 43% 1-year accuracy 69 / 161 met price target	84%upside $8.50	Buy Reiterated	6 Sept 2024
HC Wainwright & Co. Heiko Ihle 43% 1-year accuracy 69 / 161 met price target	84%upside $8.50	Buy Reiterated	2 Aug 2024
HC Wainwright & Co. Heiko Ihle 43% 1-year accuracy 69 / 161 met price target	84%upside $8.50	Buy Reiterated	19 Jul 2024

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Financial journalist opinion

Based on 8 articles about AG published over the past 30 days

Markets wait for a rate cut, and First Majestic Silver announces $970 million acquisition

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.

Markets wait for a rate cut, and First Majestic Silver announces $970 million acquisition

GATOS SILVER INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Gatos Silver, Inc. - GATO

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Gatos Silver, Inc. (NYSE: GATO) to First Majestic Silver Corp. (NYSE: AG). Under the terms of the proposed transaction, shareholders of Gatos will receive 2.550 common shares of First Majestic for each share of Gatos that they own. KSF is seeking to determine whether this consideration and the process that led.

GATOS SILVER INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Gatos Silver, Inc. - GATO

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Gatos Silver, Inc.

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Rowley Law PLLC is investigating potential securities law violations by Gatos Silver, Inc. (NYSE: GATO) and its board of directors concerning the proposed acquisition of the company by First Majestic Silver Corp. (NYSE: AG). Stockholders will receive 2.550 shares of First Majestic Silver common stock for each share of Gatos Silver stock that they hold. The transaction is valued at approximately $970 million and is expected to close in early 2025.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Gatos Silver, Inc.

AG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First Majestic Silver Corp. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First Majestic Silver Corp. (NYSE: AG) and Gatos Silver, Inc. is fair to First Majestic shareholders. Halper Sadeh encourages First Majestic shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether First Majestic and.

AG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First Majestic Silver Corp. Is Fair to Shareholders

Zacks Investment Research

First Majestic to Acquire Gatos Silver to Boost Production Profile

AG inks deal to buy Gatos Silver. This acquisition will enhance its scale and be accretive to cash flow, production and mineral reserves.

First Majestic Silver to acquire Gatos Silver in $970 million deal

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.

First Majestic Silver to acquire Gatos Silver in $970 million deal

First Majestic Announces Agreement to Acquire Gatos Silver

Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) ("First Majestic") and Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO) ("Gatos") are pleased to announce they have entered into a definitive merger agreement (the "Definitive Agreement") pursuant to which First Majestic will acquire all of the issued and outstanding common shares of Gatos (the "Transaction"). Gatos is a silver dominant producer with a 70% interest in the Los Gatos Joint Venture, which owns the producing Cerro Los Gatos underground silver mine in Chihuahua, Mexico.

First Majestic Announces Agreement to Acquire Gatos Silver

First Majestic Silver: Continued Share Dilution Despite Record Gold Prices

First Majestic had another mediocre quarter in Q2 2024, reporting a 20% decline in silver production and a 13% decline in gold production. Unfortunately, these figures were far uglier on a per share basis given that First Majestic remains active with ATM sales, with over 14 million shares sold already year-to-date. In this update we'll dig into the Q2-24 results, recent developments and whether the stock is finally offering an adequate margin of safety after its 80% correction.

First Majestic Silver: Continued Share Dilution Despite Record Gold Prices

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First Majestic Silver drops on high inventory levels, production woes

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.

First Majestic Silver drops on high inventory levels, production woes

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