
AG Stock Forecast & Price Target
AG Analyst Ratings
Bulls say
First Majestic Silver Corp is expected to experience a significant revenue increase starting in 2025, driven by its strong operational performance and the production capabilities of its three silver and gold mines in Mexico. The notable rise in the average silver price to $28.26 per ounce, reflecting a 21% year-over-year increase, is anticipated to enhance profitability, particularly with increased output from the Santa Elena mine. Furthermore, the company's management initiatives aimed at growth and diversification suggest a favorable trajectory for First Majestic Silver's financial performance moving forward.
Bears say
First Majestic Silver Corp has experienced significant declines in its production metrics, with a 21% year-over-year reduction in gold ounces to 156,542 ounces and an 18% decrease in silver production to 8.4 million ounces, stemming from labor disputes and water challenges at key mines. Additionally, the company reported a 2% drop in revenue, primarily driven by a 20% decrease in payable Silver Equivalent Ounces sold, which reflects broader operational inefficiencies. Higher inventories alongside diminished production levels from key mines contribute to an overall negative outlook regarding the company's financial health and performance.
This aggregate rating is based on analysts' research of First Majestic Silver and is not a guaranteed prediction by Public.com or investment advice.
AG Analyst Forecast & Price Prediction
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