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 6,823 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
27% more capital invested
Capital invested by funds: $535M [Q2] → $682M (+$147M) [Q3]
15% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 33
3.77% more ownership
Funds ownership: 31.03% [Q2] → 34.79% (+3.77%) [Q3]
1% more funds holding
Funds holding: 208 [Q2] → 210 (+2) [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%
upside
Avg. target
$8.50
46%
upside
High target
$11
88%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Scotiabank Ovais Habib 0 / 0 met price target | 3%upside $6 | Sector Perform Maintained | 15 Jan 2025 |
HC Wainwright & Co. Heiko Ihle 0 / 0 met price target | 88%upside $11 | Buy Reiterated | 10 Jan 2025 |
Financial journalist opinion
Based on 9 articles about AG published over the past 30 days
Positive
Zacks Investment Research
8 hours 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
1 day 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 days 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
1 week 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
1 week 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
1 week 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.
Neutral
PRNewsWire
1 week ago
Scope Technologies Announces Convertible Debt Financing to Drive Growth and Innovation
VANCOUVER, BC , Jan. 6, 2025 /PRNewswire/ -- Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") is pleased to announce a $1 million CAD convertible debt financing from First Majestic Silver Corp. (TSX: AG; NYSE: AG; Frankfurt: FMV) ("First Majestic"), a publicly traded mining company, in addition to its previously announced $1.8 million CAD non-brokered private placement financing (see news release dated December 27, 2024). This strategic funding will be allocated to operational growth, business development, and product management, further advancing Scope Technologies' mission to deliver quantum-resistant encryption and data storage solutions to businesses worldwide.
Positive
The Motley Fool
4 weeks ago
My Top 10 Portfolio Holdings for 2025
In less than two weeks, we'll turn the page on what should be another banner year for Wall Street. Through the closing bell on Dec. 17, the iconic Dow Jones Industrial Average, broad-based S&P 500, and growth-driven Nasdaq Composite were higher on the year by 15%, 27%, and 34%, respectively.
Neutral
Newsfile Corp
4 weeks ago
First Majestic Provides Update Regarding Gatos Silver's Joint Venture with Dowa Metals & Mining Co., Ltd.
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") announces that Gatos Silver, Inc. ("Gatos") has advised the Company that it has amended and restated its agreements (the "Amended Agreements") with Dowa Metals & Mining Co., Ltd. ("Dowa") regarding the Los Gatos Joint Venture (the "LGJV").
Neutral
Newsfile Corp
1 month ago
First Majestic Announces Mailing of Materials for Special Meeting
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce that it has commenced mailing of its meeting materials for the special meeting of the Company's shareholders (the "Special Meeting") that will be held on Tuesday, January 14, 2025 at 11:00 a.m. (Pacific Time) at the offices of Bennett Jones LLP, located at Suite 2500 - 666 Burrard Street, Vancouver, British Columbia V6C 2X8.
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