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First Majestic Silver Corp. (AG)

NYSE - NYSE Delayed Price. Currency in USD
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10.98+0.05 (+0.46%)
At close: 4:00PM EDT
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  • J
    Joe
    Remember...if you're into silver #AUY produces more ounces as by-product than First Majestic as only product (since Royalties from First Majestic eat up all the gold)....and they have 20 year minimum mine lifes with Agua Rica untouched, with Newmont and Glencore ready to build out mind infrastructure to their processing facilities. Has a low P/E and pays a dividend....First Majestic has no P/E and has never ever paid a dividend and has falling reserves with no untouched mines to fall back on. Do your own due diligence!
  • J
    Joe
    All time high $23 or so....52 week high around $14.50. Gold and Silver have been at historical highs, yet Keith Neumeyer has run this company into the ground. More G&A expenses than exploration expenses.
  • M
    MT
    There must be too much money sloshing around the globe. Silver should be three digits.
  • J
    Joe
    @Julian...calls were not executed today....and above current bids....just fyi.
  • M
    MT
    I can comment early today. HMM markets confuse me. I have no idea what the market is seeing but I am missing. We are not getting stimulus, but S&P500 and Dow are still holding strong. Mitch has all but said 2 trillion is Dead on Arrival. Could this be robinhood traders, who think that stocks never go down? If so, Do Robinhooders not understand that Senate has to approve spending?
  • M
    MT
    MTtake massive rotation into the down trodden stocks of wall street, restaurant, energy, parks, REITs etc. What on earth is everyone thinking?
    If Pelosi and Mnuchin agree then what? No agreement in Senate. Like Joe says very low volume. 60% on average.
  • D
    Dirk
    COVID is getting serious here in North of Europe. Lockdowns everywhere. Record patients and infections everywhere. Hospitals so full they need to send new patients to other hospitals in other regions. Test labs can't cope with the volumes anymore, so tests will be limited to only the persons with serious covid symptoms. This is not good. Winter has not even started yet. Let's add some flue and cold to that.
  • B
    Blake
    have made a few thousand dollars on AG over the past month. bought short calls on the original dip and just sold some. longs today. I advise yall who listen to Joe to get a hobby.. numbers don't lie folks, and the guy doesn't know how to invest. cya 👋 I am outta ag 😁 made my money time to run
    Bullish
  • S
    Sandy
    From TD today: "We are raising our recommendation on $AG to BUY, C$19.50 target. Given @FMSilverCorp
    leverage to silver & our view #silver prices should remain higher for longer, we expect shares to benefit from its strong leverage & bolstered balance sheet over the next 12 mos."
  • D
    Dirk
    WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi on Tuesday said she was optimistic Democrats could reach a deal with the Trump administration on additional COVID-19 relief that could get aid out by early next month.
  • J
    Julian
    @Joe Can you please remind me about AG tax liabilities with the Mexican government?
  • D
    Dirk
    Almost of all my miners are now at the same level, as they were before the last gold and silver crash. Good good. No we can start worrying about a stimulus by Friday which may come or may note come :-) Probability of 30-40% I guess there will be some stimulus. I wonder, as I am from the EU, if the republicans really will want to block this agreement in the senate ? A lot of Americans may switch votes to democrats if they do so no ?
  • J
    Joe
    This applies to any miner: Gold producer G&A out of control. Sept 12, 2019 article, has ton of miners listed. First Majestic G&A figure is around 32, average for miners in 10-12 area. This article explains management hides their compensation packages in G&A expenses. Must read if you own other miners, they may be mentioned. gl....do your due diligence.
  • D
    Dirk
    Sorry guys: While First Majestic should have a strong Q3 with much higher metals prices, I see too many risks to make it worthwhile relative to peers. The short mine life at Santa Elena could be fixed with reserve addition, given the aggressive drill program, and the company might get lucky with the tax dispute. Still, the dilution at 20% off recent highs and 4% below the 50-day volume-weighted average price with silver at multi-year highs is not excusable. Therefore, I believe investors would be wise to focus on better-run companies in the sector and avoid those producers diluting at unfavorable prices like First Majestic. A rising silver price will lift all boats, but I would view any rallies above $12.95 as an opportunity to book profits.

    https://seekingalpha.com/article/4379028-first-majestic-silver-earnings-trend-weakened-unnecessary-share-dilution?utm_source=dashboard.stck.pro&utm_medium=referral
    First Majestic Silver released its preliminary Q3 results this week and reported quarterly production of 5.2 million silver-equivalent ounces.
    First Majestic Silver released its preliminary Q3 results this week and reported quarterly production of 5.2 million silver-equivalent ounces.
    seekingalpha.com
  • J
    Julian
    @Joe Still holding FNGD right?
  • D
    Dirk
    Looking good for miners.
    $FSM reports Q3 silver production increased 10% yr/yr.
    Resulting share price +5.55% today.
    I think we will have some interesting share price evolutions in the coming weeks with the upcoming earnings.
    Still fully invested in SILV, MAG, FSM, GPL and HL.
  • J
    Joe
    LOOK AT VOLUME (10:30) ....any stock....multiply ✖ 3....low volume from last week extended into today.
  • J
    Joe
    Yahoo won't allow Stanberry research as they're a paid service, as the shareholders pay stanberry to interview the CEO.....never ever read anything they put out....it's not research, it's paid advertising.
  • J
    Julian
    @Joe What happened in the CC?
  • D
    Dirk
    These miners don't go up like this without a reason.
    Some good news must be coming.
    Please make our day.