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First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits. Its projects include the San Dimas silver/gold mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena silver/gold mine that covers an area of approximately 102,244 hectares located in Sonora State, Mexico; and the La Encantada silver mine covering an area of approximately 4,076 hectares located in Coahuila State, Mexico. 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 incorporated in 1979 and is headquartered in Vancouver, Canada.
Strategic Expansion | First Majestic's acquisition of Gatos Silver reshapes its production profile, boosting annual silver equivalent output to 30-32 million ounces with potential synergies |
Operational Challenges | Mixed Q1 2024 performance across mines, with Santa Elena excelling while La Encantada faces hurdles. New water source at La Encantada promises improved throughput |
Financial Projections | Analysts forecast modest revenue growth and EPS improvement. 2024 revenue estimates increased to $522 million, with EPS expected to rise from $(0.02) to $0.28 in 2025 |
Market Positioning | Acquisition strengthens First Majestic's market presence but introduces dilution. Analysts' price targets range from $7.00 to $8.50, reflecting varied outlooks |
Metrics to compare | AG | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipAGPeersSector | |
---|---|---|---|---|
P/E Ratio | −29.5x | 14.9x | 1.4x | |
PEG Ratio | −1.05 | 0.09 | 0.00 | |
Price/Book | 2.2x | 1.4x | 1.6x | |
Price / LTM Sales | 5.4x | 2.5x | 1.2x | |
Upside (Analyst Target) | 37.1% | 25.6% | 31.6% | |
Fair Value Upside | Unlock | 19.6% | 3.8% | Unlock |