10.41 -0.01 (-0.08%)
After hours: 4:00PM EDT
Commodity Channel Index
|Bid||10.39 x 1000|
|Ask||10.40 x 1300|
|Day's Range||10.31 - 10.67|
|52 Week Range||4.17 - 12.69|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.54|
Zacks Industry Outlook Highlights: Alexco Resource, Avino Silver, Pan American Silver and First Majestic Silver
First Majestic Silver (AG) acquires a stream on 50% of payable silver produced from the Springpole Gold Project in Canada - marking its first investment outside Mexico.
First Majestic Silver Corp. (AG: NYSE; FR: TSX; FMV: Frankfurt) (the "Company" or “First Majestic”) is pleased to announce that all outstanding conditions required to complete the previously announced Springpole Silver Stream agreement with First Mining Gold Corp. (“First Mining”) have been fulfilled. Under the agreement, First Majestic has agreed to purchase 50% of the payable silver produced from the Springpole Gold Project (“Springpole” or the “Project”) located in Ontario, Canada. The first payment consisting of $2.5 million in cash and $7.5 million in First Majestic shares (805,698 First Majestic shares issued at a deemed price equal to the 20-day VWAP on the Toronto Stock Exchange) has been paid to First Mining.
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
The Zacks Analyst Blog Highlights: Alexco Resource, First Majestic Silver, Avino Silver and Endeavour Silver
Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable to acquire one common share of the Company at an exercise price of $0.40 per share for a period of 12 months from the closing date of the Offering.
First Majestic Silver (AG) has asked Canada’s Mexican ambassador to intervene in an escalating $209 million tax dispute, reports Reuters.“We’ve been trying to get somebody to the table to finally put this behind us,” First Majestic CEO Keith Neumeyer told Reuters. The company owns seven silver mines in Mexico and wants ambassador Graeme Clark to set up a meeting with President Lopez Obrador so the dispute can be resolved.According to Neumeyer, Mexican tax authorities have rejected three settlement offers, leading the Vancouver-based company to commence a trade challenge last month.Meanwhile President Lopez Obrador recently stated that some Canadian miners are behind on their tax payments. He has asked the Canadian government to put pressure on these miners to prevent the matter proceeding to international tribunals.Shares in AG have plunged 25% year-to-date, and analysts have a cautiously optimistic take on the stock’s outlook. Its Moderate Buy Street consensus breaks down into 3 buy ratings vs 5 holds, while the $10 average analyst price target indicates 8% upside potential lies ahead.Speaking for the bulls, HC Wainwright analyst Heiko Ihle reiterated his First Majestic buy rating on June 12 with a $10.50 price target.He made the call after AG announced an agreement to purchase a stream on 50% of payable silver from the Springpole project in Ontario, Canada for $22.5 million in cash and shares from First Mining Gold Corp.Springpole maintains a compelling precious metal resource with long-term production potential and is located in a geopolitically safe jurisdiction, the analyst told investors.“We believe that this acquisition provides First Majestic with a potentially de-risked revenue source, as the company has no ongoing operational obligations, and the transaction may ultimately yield incremental returns in an improving silver market” Ihle wrote.Thanks to this new silver stream he now believes that First Majestic’s exposure to an upward trending silver price will span beyond its currently producing assets in Mexico. (See AG stock analysis on TipRanks).Related News: AT&T Mulls $4 Billion Sale Of Gaming Division- Report American Express Scores China Go-Ahead In Milestone Moment E-Signature Pioneer DocuSign To Join Nasdaq-100 Next Monday More recent articles from Smarter Analyst: * Tesla Faces U.S. Probe Into Touchscreen Defect Of Model S Cars * Chevron Clinches Australia Gas Deal With BHP Nickel West * Dell, VMware Spike In Pre-Market On Report Dell Is Mulling Spinoff Of $50B Stake * Electronic Arts CEO Wants More Star Wars Games With Disney
Lopez Obrador said on Tuesday that some of Canada's mining firms were behind on their tax payments and urged the Canadian government to lean on them to avoid the dispute reaching international tribunals. "We've been trying to get somebody to the table to finally put this behind us," First Majestic CEO Keith Neumeyer told Reuters.
The latest agreement enhances First Majestic's (AG) silver exposure and provides significant potential to boost silver prices while reducing risks and costs
First Majestic Silver Corp. (AG: NYSE; FR: TSX) (the "Company" or “First Majestic”) is pleased to announce that it has agreed to acquire from Gold Canyon Resources Inc., a wholly-owned subsidiary of First Mining Gold Corp., (“First Mining”) a stream on 50% of payable silver produced from the Springpole Gold Project (“Springpole” or the “Project”) located in Ontario, Canada. First Majestic will pay First Mining total consideration of $22.5 million in cash and shares, over three payments, for the silver stream which covers the life of the Project. In addition, First Majestic will make ongoing cash payments of 33% of the silver spot price per ounce, to a maximum of $7.50 per ounce, for all payable silver delivered by Springpole.
First Majestic Silver Corp. (“First Majestic” or the “Company”) is pleased to announce the voting results for its annual general meeting held on June 9, 2020. A total of 95,998,465 shares were represented at the meeting, being 45.81% of the Company’s issued and outstanding common shares. In addition, the re-appointment of Deloitte LLP as auditors for the Company and setting the total number of directors to six, as outlined in the Circular, were also approved by a majority vote of shareholders present in person or represented by proxy.
"As we go green, we need more silver" - First Majestic Silver Corp. Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - May 28, 2020) - Investor Ideas, a global investor news source covering mining and metals stocks releases a sector snapshot on silver stocks featuring First Majestic Silver Corp. (NYSE: AG) (TSX: FR). Read the full article looking at recent earnings and news from silver stocks :https://www.investorideas.com/news/2020/mining/05280SilverMiners.aspOn May 15th Motley Fool reported :"Silver stocks ...
Silver miners rallied nicely today, with Coeur Mining leading the way with a nearly 19% gain. Here's what drove the advance.
First Majestic (AG) delivered earnings and revenue surprises of 33.33% and -9.83%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
VANCOUVER, British Columbia, May 14, 2020 -- First Majestic Silver Corp. (AG: NYSE; FR: TSX) (the "Company" or “First Majestic”) is pleased to announce the unaudited interim.
The company said it initiated the NAFTA arbitration process against Mexico after its unsuccessful attempts to resolve the matter through local bodies. The notice initiates a 90-day process for Mexico to enter into negotiations with the company, First Majestic said in a statement. The company alleges that the Mexican tax authority has "exhibited a total disregard for the applicable provisions of three separate double taxation treaties" that are relevant to the company and its Mexican units, including the Primero Mining business bought two years ago.
The global impact of COVID-19 has been unprecedented and it is far from over, but for savvy investors there may be no better time to invest in “indirect” discount gold
FIRST MAJESTIC SILVER CORP. (the "Company" or “First Majestic”) announced today that the Mexican tax authority, the Servicio de Administracion Tributaria (“SAT”), has by its various actions exhibited a total disregard for the applicable provisions of three separate double taxation treaties that it has entered into with Canada, Barbados and Luxembourg, which are relevant to First Majestic and its subsidiaries. According to the Company’s advisors, such action is unprecedented not only for Mexico but internationally. In addition, notwithstanding Mexican law and the 2012 Advance Pricing Agreement negotiated and finalized between the SAT and Primero Empresa Minera, S.A. de C.V. (“Primero”), its Mexican subsidiary, confirming Primero’s basis for paying taxes on the price Primero realized for silver sales between 2010 and 2014, the SAT has unlawfully opted to ignore the legal existence of this Advance Pricing Agreement.
First Majestic (AG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Majestic Silver Corp. ("First Majestic" or the "Company") (TSX: FR | NYSE: AG) announces total production in the first quarter of 2020 reached 6.2 million silver equivalent ounces consisting of 3.2 million ounces of silver and 32,202 ounces of gold. As previously announced on April 6, 2020, the Company has withdrawn its 2020 production and costs guidance as a result of Mexico’s Ministry of Health’s Federal Decree to temporarily suspend all mining operations until April 30, 2020.
FIRST MAJESTIC SILVER CORP. (the "Company" or “First Majestic”) today announced that operations at its San Dimas, Santa Elena and La Encantada mines in Mexico will be temporarily suspended in accordance with Mexico’s Ministry of Health’s Decree to mitigate the spread and transmission of COVID-19. On March 31, 2020, the Ministry of Health issued the Decree requiring non-essential businesses, including mining, to temporarily suspend activities until April 30, 2020. Since the Decree was announced, the Company has been working with local and state officials, industry task force groups and other mining companies to make the case to the Federal Government that mining, especially silver mining, is essential and critical to the medical industry given silver’s antibacterial properties which is proven to reduce the spread of viruses.