How to buy First Majestic Silver stock

First Majestic Silver Corp is a silver business based in the US. First Majestic Silver shares (AG) are listed on the NYSE and all prices are listed in US Dollars.

First Majestic Silver share price

Use our graph to track the performance of AG stocks over time.

First Majestic Silver shares at a glance

• Key figures

Information last updated 2021-04-30.

52-week range	$7.20 - $24.01
50-day moving average	$16.39
200-day moving average	$14.06
Wall St. target price	$9.54
PE ratio	143.8889
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.11

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Is it a good time to buy First Majestic Silver stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of First Majestic Silver Corp by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is First Majestic Silver under- or over-valued?

Valuing First Majestic Silver stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of First Majestic Silver's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

First Majestic Silver's P/E ratio

First Majestic Silver's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 144x. In other words, First Majestic Silver shares trade at around 144x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

First Majestic Silver's EBITDA

First Majestic Silver's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $110.8 million.

The EBITDA is a measure of a First Majestic Silver's overall financial performance and is widely used to measure a its profitability.

First Majestic Silver financials

Revenue TTM	$363.9 million
Operating margin TTM	15.16%
Gross profit TTM	$145 million
Return on assets TTM	3.06%
Return on equity TTM	3.05%
Profit margin	6.35%
Book value	$3.83
Market capitalisation	$3.4 billion

TTM: trailing 12 months

Shorting First Majestic Silver shares

There are currently 16.7 million First Majestic Silver shares held short by investors – that's known as First Majestic Silver's "short interest". This figure is 0.9% down from 16.9 million last month.

There are a few different ways that this level of interest in shorting First Majestic Silver shares can be evaluated.

First Majestic Silver's "short interest ratio" (SIR)

First Majestic Silver's "short interest ratio" (SIR) is the quantity of First Majestic Silver shares currently shorted divided by the average quantity of First Majestic Silver shares traded daily (recently around 3.7 million). First Majestic Silver's SIR currently stands at 4.58. In other words for every 100,000 First Majestic Silver shares traded daily on the market, roughly 4580 shares are currently held short.

However First Majestic Silver's short interest can also be evaluated against the total number of First Majestic Silver shares, or, against the total number of tradable First Majestic Silver shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case First Majestic Silver's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 First Majestic Silver shares in existence, roughly 80 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable First Majestic Silver shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against First Majestic Silver.

Find out more about how you can short First Majestic Silver stock.

First Majestic Silver share dividends

We're not expecting First Majestic Silver to pay a dividend over the next 12 months.

First Majestic Silver share price volatility

Over the last 12 months, First Majestic Silver's shares have ranged in value from as little as $7.2 up to $24.01. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while First Majestic Silver's is 1.0785. This would suggest that First Majestic Silver's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

First Majestic Silver overview

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in Mexico. It holds 100% interests in the San Dimas Silver/Gold Mine comprises 119 concessions covering an area of 71,839 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine consists of 32 concessions covering an area of 102,172 hectares located in Sonora; and the La Encantada Silver Mine comprises 22 concessions covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares. The company also holds 100% interests in the La Parrilla Silver Mine that covers an area of 69,478 hectares located in Durango; the Del Toro Silver Mine comprises 70 mining concessions covering an area of 2,159 hectares located in Zacatecas; the San Martin Silver Mine includes 33 mining concessions covering an area of 38,512 hectares located in Jalisco; and the La Guitarra Silver Mine that covers an area of 39,714 hectares located in México. In addition, it holds interest in the Springpole project, a gold and silver project covering an area of approximately 41,913 hectares in Ontario, Canada. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp.

Frequently asked questions

• What percentage of First Majestic Silver is owned by insiders or institutions?

  Currently 5.095% of First Majestic Silver shares are held by insiders and 38.384% by institutions.

• When does the fiscal year end for First Majestic Silver?

  First Majestic Silver's fiscal year ends in December.

• Where is First Majestic Silver based?

  First Majestic Silver's address is: 925 West Georgia Street, Vancouver, BC, Canada, V6C 3L2

• What is First Majestic Silver's ISIN number?

  First Majestic Silver's international securities identification number is: CA32076V1031

• What is First Majestic Silver's CUSIP number?

  First Majestic Silver's Committee on Uniform Securities Identification Procedures number is: 32076R102