First Majestic Silver
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 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
39% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 51
28% more capital invested
Capital invested by funds: $535M [Q2] → $683M (+$148M) [Q3]
12% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 34
3.76% more ownership
Funds ownership: 31.03% [Q2] → 34.79% (+3.76%) [Q3]
0% more funds holding
Funds holding: 209 [Q2] → 210 (+1) [Q3]
65% less call options, than puts
Call options by funds: $54.2M | Put options by funds: $154M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6
3%
downside
Avg. target
$8.50
38%
upside
High target
$11
79%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Scotiabank Ovais Habib 85% 1-year accuracy 11 / 13 met price target | 3%downside $6 | Sector Perform Maintained | 15 Jan 2025 |
HC Wainwright & Co. Heiko Ihle 58% 1-year accuracy 109 / 187 met price target | 79%upside $11 | Buy Reiterated | 10 Jan 2025 |
Financial journalist opinion
Based on 11 articles about AG published over the past 30 days
Neutral
Newsfile Corp
15 hours ago
First Majestic Reports Exploration Success for Navidad at Santa Elena
New drilling significantly expands the high-grade gold and silver mineralization of the Navidad discovery.Metallurgical testing demonstrates excellent gold and silver recoveries for Navidad mineralization Vancouver, British Columbia--(Newsfile Corp. - February 4, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to provide new results for the Navidad discovery at its Santa Elena Silver/Gold Mine in Sonora, Mexico that was first announced on July 30, 2024. The drilling completed during the second half of 2024 ("H2") significantly expanded the gold and silver mineralization discovered at the Navidad Target ("Navidad"), and metallurgical testing of the mineralization revealed that gold and silver metal recoveries are excellent.
Neutral
Newsfile Corp
1 week ago
First Majestic Provides Positive Exploration Results at San Dimas
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce positive drilling results from its comprehensive 2024 exploration program at its San Dimas Silver and Gold Mine in Durango, Mexico. The 2024 drilling program intersected significant silver and gold mineralization in multiple veins across the San Dimas property.
Positive
Zacks Investment Research
2 weeks ago
Wall Street Analysts Think First Majestic (AG) Could Surge 32.36%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 32.4% in First Majestic (AG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Positive
Zacks Investment Research
2 weeks ago
Is First Majestic Silver (AG) Stock Outpacing Its Basic Materials Peers This Year?
Here is how First Majestic Silver (AG) and Mosaic (MOS) have performed compared to their sector so far this year.
Positive
Zacks Investment Research
2 weeks ago
First Majestic Acquires Gatos Silver to Boost its Portfolio
AG completes the previously announced acquisition of Gatos Silver to position itself as an intermediate primary silver producer.
Neutral
Newsfile Corp
2 weeks ago
First Majestic Completes Acquisition of Gatos Silver
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") and Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO) ("Gatos Silver") are pleased to announce the completion of the acquisition of Gatos Silver by First Majestic (the "Transaction") pursuant to the agreement and plan of merger (the "Merger Agreement") previously announced in the joint news release of First Majestic and Gatos Silver dated September 5, 2024. On Tuesday, January 14, 2025, both First Majestic and Gatos Silver announced that they received all necessary shareholder approvals at the respective special meetings of each company's shareholders.
Neutral
Newsfile Corp
3 weeks ago
First Majestic Announces Shareholder Approval in Connection with Gatos Silver Acquisition
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce that, in connection with the Company's acquisition of Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO) ("Gatos Silver"), the Company's shareholders have approved the issuance of up to 190,000,000 First Majestic common shares ("First Majestic Shares") to holders of shares of common stock of Gatos Silver ("Gatos Silver Shares") in exchange for the acquisition by the Company of all of the outstanding shares of Gatos Silver (the "Transaction"). Approximately 98.44% of the votes cast at the special meeting of the Company's shareholders that was held today were voted in favour of the resolution approving the issuance of up to 190,000,000 First Majestic Shares.
Positive
Zacks Investment Research
3 weeks ago
First Majestic Q4 Silver-Equivalent Production Rises Sequentially
AG Q4 silver-equivalent production gains from sequential increases in silver and growth productions across all three operating mines.
Positive
Kitco
3 weeks ago
First Majestic reports a 4% increase in fourth-quarter production
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Neutral
Newsfile Corp
3 weeks ago
First Majestic Produces 5.7 Million AgEq Oz in Q4 2024 Consisting of 2.4 Million Silver Ounces and 39,506 Gold Ounces, and 21.7 Million AgEq Oz in 2024
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") announces that total production in the fourth quarter of 2024 from the Company's three producing underground mines in Mexico, the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, reached 5.7 million silver equivalent ("AgEq") ounces, consisting of 2.4 million silver ounces and 39,506 gold ounces. Total production for the full year of 2024 was 21.7 million AgEq ounces, aligned with the Company's revised 2024 guidance of 21.4 to 22.6 million AgEq ounces.
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