(AG) First Majestic Silver - Ratings and Ratios

First Majestic Silver Corp. (NYSE:AG) is a prominent player in the precious metals industry, specializing in the acquisition, exploration, development, and production of mineral properties across North America. The companys primary focus is on silver and gold deposits, with a significant presence in Mexico. Its portfolio includes three key mines: the San Dimas silver/gold mine in Durango State, spanning 71,867 hectares; the Santa Elena silver/gold mine in Sonora State, covering 102,244 hectares; and the La Encantada silver mine in Coahuila State, which covers 4,076 hectares. The company, originally known as First Majestic Resource Corp., rebranded to First Majestic Silver Corp. in November 2006 to reflect its specialized focus on silver. Incorporated in 1979, it is headquartered in Vancouver, Canada, and is accessible online at https://www.firstmajestic.com.

Looking ahead, the 3-month forecast for First Majestic Silver Corp. (NYSE:AG) is shaped by both technical and fundamental factors. Technically, the stock is trading near its SMA20 of 6.27, with a last price of 6.19, indicating potential support at this level. The average volume over 20 days is 21,451,509, showing moderate trading activity. The ATR of 0.41 suggests manageable volatility. From a fundamental perspective, the companys market cap of $3,131.54M underscores its substantial market presence. However, the P/B ratio of 2.34 indicates a premium on book value, and the negative RoE of -7.53 raises concerns about profitability. The forward P/E of 23.04 suggests investor confidence in future earnings. Considering silvers dual role as an industrial metal and safe-haven asset, macroeconomic trends will significantly influence the stocks performance. An uncertain economic outlook could boost demand for silver, benefiting AG, though potential Fed rate hikes may apply downward pressure on the stock price.