First Majestic Silver ( (TSE:AG) ) just unveiled an announcement.
First Majestic Silver Corp. reported a record production of 7.7 million silver equivalent ounces in the first quarter of 2025, marking a 49% year-over-year increase. This included a record 3.7 million silver ounces, an 88% rise from the previous year, driven by strong performance at Cerro Los Gatos and operational improvements at San Dimas. The company also highlighted its ongoing exploration efforts and the near completion of converting San Dimas to liquefied natural gas, which is expected to reduce costs and carbon emissions. The company plans to release its Q1 2025 financial results and dividend announcement on May 7, 2025.
Spark’s Take on TSE:AG Stock
According to Spark, TipRanks’ AI Analyst, TSE:AG is a Neutral.
First Majestic Silver’s stock score is 51, reflecting a challenging financial performance with negative net margins and leverage issues. While technical analysis indicates a bearish trend, the company has promising strategic plans and significant achievements in recent quarters. The negative P/E ratio and low dividend yield suggest valuation concerns, but strong future guidance provides some optimism.
To see Spark’s full report on TSE:AG stock, click here.
More about First Majestic Silver
First Majestic Silver Corp. is a publicly traded mining company primarily focused on the production of silver and gold. The company operates four underground mines in Mexico, including the Cerro Los Gatos Silver Mine, Santa Elena Silver/Gold Mine, San Dimas Silver/Gold Mine, and La Encantada Silver Mine. First Majestic is known for its commitment to safe production and operational efficiency.
YTD Price Performance: -4.38%
Average Trading Volume: 20,042,891
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.64B
See more data about AG stock on TipRanks’ Stock Analysis page.