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First Majestic Silver ( (TSE:AG) ) has provided an announcement.
First Majestic Silver Corp. has announced the pricing of its offering of unsecured convertible senior notes due 2031, aiming to raise $300 million, with an option to increase to $350 million. The proceeds will be used to repurchase a portion of its existing convertible notes due 2027 and for general corporate purposes, potentially impacting its financial flexibility and strategic positioning.
The most recent analyst rating on (TSE:AG) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on First Majestic Silver stock, see the TSE:AG Stock Forecast page.
Spark’s Take on TSE:AG Stock
According to Spark, TipRanks’ AI Analyst, TSE:AG is a Outperform.
First Majestic Silver’s strong financial performance, positive technical indicators, and optimistic earnings call drive the stock’s score. However, high valuation metrics and profitability challenges slightly offset these strengths.
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 focused on silver and gold production in Mexico and the United States. The company operates four underground mines in Mexico and holds a portfolio of development and exploration assets, including the Jerritt Canyon Gold project in Nevada, U.S.A.
Average Trading Volume: 2,462,359
Technical Sentiment Signal: Buy
Current Market Cap: C$10.9B
Learn more about AG stock on TipRanks’ Stock Analysis page.