Shares of First Majestic Silver (AG) have gained 6% over the past four weeks to close the last trading session at $5.84, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $7.73 indicates a potential upside of 32.4%.The average comprises six short-term price targets ranging from a low of $6 to a high of $11, with a standard deviation of $1.92. While the lowest estimate indicates an ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. First Majestic Silver (AG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.First Majestic Silver is one of 235 companies in the Basic Materials group. The B ...

First Majestic Silver Corp. (AG) has completed the previously announced acquisition of Gatos Silver, Inc. This deal solidifies First Majestic’s position as an intermediate primary silver producer.Details of AG-Gatos Silver DealOn Sept. 5, 2024, First Majestic announced that it has entered into an agreement to acquire Gatos Silver, under which AG will gain a 70% interest in the high-quality and long-life Cerro Los Gatos Silver underground mine.On Tuesday, the companies announced they received the necessary s ...

Production Performance - Total production in Q4 2024 reached 5.7 million silver-equivalent (AgEq) ounces, consisting of 2.4 million silver ounces and 39,506 gold ounces [1] - AgEq production increased by 4% sequentially, driven by a 20% rise in silver production and growth across the company's three operating mines [1] - San Dimas mine produced 2,235,407 AgEq ounces, with silver production up 14% sequentially and gold production down 3% [2] - Santa Elena mine produced 2,719,702 AgEq ounces, with silver production up 8% sequentially and gold production flat [2] - La Encantada produced 755,963 ounces of silver, up 39% sequentially due to higher silver grades and recovery [3] Annual Performance 2024 - Total production for 2024 was 21.7 million AgEq ounces, consisting of 8.4 million silver ounces and 156,542 gold ounces [4] - AgEq production fell by 19% compared to 2023 but was within the revised guidance of 21.4-22.6 million AgEq ounces [4] - Santa Elena mine achieved an annual record of 10.3 million AgEq ounces, up 7% from 2023 [4] Stock Performance - AG shares gained 7.4% in the past year, underperforming the industry's 42.8% growth [5] Industry Comparison - Carpenter Technology Corporation (CRS) has a Zacks Rank 1 (Strong Buy) with a 162.7% share price increase last year and an average trailing four-quarter earnings surprise of 14.1% [8][9] - Fortuna Mining Corp. (FSM) has a Zacks Rank 2 with a 26.5% share price increase last year and an average trailing four-quarter earnings surprise of 53.6% [8][9] - Equinox Gold Corp. (EQX) has a Zacks Rank 2 with a 9.6% share price increase last year and an average trailing four-quarter earnings surprise of 39.2% [8][10]

Author Background - Neils Christensen holds a diploma in journalism from Lethbridge College and has over a decade of reporting experience, including coverage of territorial and federal politics in Nunavut, Canada [1] - Since 2007, Neils has worked exclusively within the financial sector, starting with the Canadian Economic Press [1] - Neils can be contacted at 1 866 925 4826 ext 1526 or via email at nchristensen at kitco com [1] Article Disclaimer - The views expressed in the article are those of the author and may not reflect those of Kitco Metals Inc [2] - The article is strictly for informational purposes and is not a solicitation to make any exchange in commodities, securities, or other financial instruments [2] - Neither Kitco Metals Inc nor the author guarantees the accuracy of the information provided, and they do not accept culpability for losses or damages arising from the use of the publication [2]

Core Viewpoint - Scope Technologies Corp. has secured a total of $2.8 million CAD in funding, including a $1 million CAD convertible debt financing from First Majestic Silver Corp. and a previously announced $1.8 million CAD non-brokered private placement financing, aimed at enhancing operational growth and advancing quantum-resistant encryption solutions [1][2][4]. Funding Details - The $1 million CAD convertible debt financing features an annual interest rate of 4% and matures within one year, with the option for First Majestic to convert the principal at $1.40 per share [4]. - This funding will support the scaling of operations and business development, allowing Scope Technologies to expand its market presence and enhance its quantum security offerings [5]. Strategic Importance - First Majestic's investment highlights the growing need for secure and scalable technological solutions, particularly in the context of advancements in quantum computing [3]. - The successful completion of a Proof of Concept (POC) by Scope Technologies has reinforced First Majestic's decision to become an enterprise client, validating the robustness and security of Scope's quantum-resistant technologies [3][4]. Company Overview - Scope Technologies Corp. specializes in quantum security and machine learning, providing next-generation solutions in data security and quantum encryption through its brands, QSE Group and GEM AI [7].

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 2X ...

First Majestic Announces Effectiveness of Registration Statement on Form F-4 and Record & Meeting Dates of Special Meeting for Gatos Silver AcquisitionDecember 03, 2024 6:00 PM EST | Source: First Majestic Silver Corp.Vancouver, British Columbia--(Newsfile Corp. - December 3, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce that the Registration Statement on Form F-4 (the "F-4") filed by the Company with the United S ...

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) 925 West Georgia Street, Suite 1800, Vancouver, B.C., Canada V6C 3L2 Phone: 604.688.3033 | Fax: 604.639.8873| Toll Free: 1.866.529.2807 | Email: info@firstmajestic.com www.firstmajestic.com CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS Management's Responsibilities over Financial Reporting The condensed interim consolidated financial statements of First Majestic Silver Corp. ...

The spot price of silver is roughly $35 per ounce, just below the highest level in over a decade. Alongside gold, which has repeatedly touched new record highs in recent months, the price of silver has skyrocketed amid geopolitical turmoil around the world and uncertainty regarding the future of American politics. Silver is also found in a host of electronics equipment, including semiconductors, as well as in many solar energy components. As demand for these and other items using silver increases, there is ...