Active Stocks in Review: First Majestic Silver Corp. (NYSE:AG)


First Majestic Silver Corp. (NYSE:AG) added 3.02% and closed its last session at $8.88. The stock has the market capitalization of $1.46 Billion with the total outstanding shares of 164.34 Million. First Majestic Silver Corp.. has Analysts’ Mean Recommendation of 2 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 27.75.

First Majestic Silver Corp. (NYSE:AG) touched its 52-Week High of $19.15 on Aug 10, 2016 while it’s 52-Week Low of $2.4 on Jan 20, 2016. The company currently has Return on Assets of 0 percent, Return on Equity of 0% and Return on Investment of 0 percent. The stock currently showing Weekly Volatility of 5.13%% and Monthly Volatility of 6.82% Percent with Average True Range of 0.58 and Beta of 0.

The 8 analysts offering 12-month price forecasts for First Majestic Silver Corp have a median target of 11.38, with a high estimate of 19.50 and a low estimate of 8.56. The median estimate represents a +28.14% increase from the last price of 8.88.

Press Release:

The Company on 9 November declared the unaudited interim consolidated financial results of the Company for the third quarter ended September 30, 2016.


  • Silver equivalent production increased 27% to 4.5 million ounces
  • Silver production increased 20% to 3.1 million ounces – a new quarterly record
  • All-in sustaining costs (“AISC”) decreased 27% to $10.52 per payable silver ounce
  • Revenues increased 78% to $79.3 million
  • Realized average silver price increased 30% to $19.72 per ounce
  • Mine operating earnings increased 656% to $20.0 million
  • Net earnings increased 556% to $8.1 million (Basic EPS of $0.05)
  • Adjusted earnings, excluding non-cash and non-recurring items, increased 254% to $11.7 million (Adjusted EPS of $0.07)
  • Operating cash flows before working capital and taxes increased 319% to $35.4 million or $0.22 per share (non-GAAP)
  • Cash costs decreased 33% to $5.84 per payable silver ounce (net of by-product credits)
  • Cash and cash equivalents totaled $122.5 million at the end of the quarter, representing a $14.3 million increase compared to the previous quarter

Company Profile:

First Majestic Silver Corp. is engaged in the production, development, exploration, and acquisition of silver mines in Mexico. First Majestic Silver Corp. is headquartered in Vancouver, Canada.