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First Majestic Silver Corp
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Let's analyse First Majestic Silver Corp together

PenkeI guess you are interested in First Majestic Silver Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of First Majestic Silver Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of First Majestic Silver Corp (30 sec.)










What can you expect buying and holding a share of First Majestic Silver Corp? (30 sec.)

How much money do you get?

How much money do you get?
€0.02
When do you have the money?
1 year
How often do you get paid?
46.4%

What is your share worth?

Current worth
€4.31
Expected worth in 1 year
€4.30
How sure are you?
64.3%

+ What do you gain per year?

Total Gains per Share
€0.00
Return On Investment
0.1%

For what price can you sell your share?

Current Price per Share
€5.16
Expected price per share
€4.1729 - €6.2377
How sure are you?
50%

1. Valuation of First Majestic Silver Corp (5 min.)




Live pricePrice per Share (EOD)

€5.16

Intrinsic Value Per Share

€-8.58 - €-10.15

Total Value Per Share

€-4.26 - €-5.84

2. Growth of First Majestic Silver Corp (5 min.)




Is First Majestic Silver Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$1.3b$1.3b-$25m-1.8%

How much money is First Majestic Silver Corp making?

Current yearPrevious yearGrowGrow %
Making money-$40.5m-$25.3m-$15.1m-37.5%
Net Profit Margin-26.8%-15.7%--

How much money comes from the company's main activities?

3. Financial Health of First Majestic Silver Corp (5 min.)




4. Comparing to competitors in the Silver industry (5 min.)




  Industry Rankings (Silver)  


Richest
#2 / 26

Most Profit
#24 / 26

What can you expect buying and holding a share of First Majestic Silver Corp? (5 min.)

Welcome investor! First Majestic Silver Corp's management wants to use your money to grow the business. In return you get a share of First Majestic Silver Corp.

What can you expect buying and holding a share of First Majestic Silver Corp?

First you should know what it really means to hold a share of First Majestic Silver Corp. And how you can make/lose money.

Speculation

The Price per Share of First Majestic Silver Corp is €5.16. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of First Majestic Silver Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in First Majestic Silver Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €4.31. Based on the TTM, the Book Value Change Per Share is €0.00 per quarter. Based on the YOY, the Book Value Change Per Share is €-0.04 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.01 per quarter.
Based on historical numbers we can estimate the returns while holding a share of First Majestic Silver Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps-0.09-1.8%-0.07-1.3%-0.09-1.7%-0.06-1.2%-0.05-1.0%
Usd Book Value Change Per Share-0.13-2.5%0.00-0.1%-0.04-0.8%0.102.0%0.173.2%
Usd Dividend Per Share0.010.1%0.010.1%0.010.2%0.000.1%0.000.1%
Usd Total Gains Per Share-0.12-2.4%0.000.0%-0.03-0.6%0.112.0%0.173.3%
Usd Price Per Share5.41-6.68-9.78-9.04-8.42-
Price to Earnings Ratio-14.30--25.75--23.01-25.82-37.94-
Price-to-Total Gains Ratio-44.04--0.46-26.31--147.17--42.87-
Price to Book Ratio1.16-1.40-2.01-2.77-3.28-
Price-to-Total Gains Ratio-44.04--0.46-26.31--147.17--42.87-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.581572
Number of shares179
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.00
Usd Book Value Change Per Share0.000.10
Usd Total Gains Per Share0.000.11
Gains per Quarter (179 shares)0.2118.88
Gains per Year (179 shares)0.8275.52
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
14-3-937366
28-6-86145142
312-9-78218218
416-12-611291294
520-16-514364370
624-19-417436446
728-22-320509522
831-25-222582598
935-28-125654674
1039-31028727750

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%4.08.00.033.3%7.013.00.035.0%11.017.00.039.3%11.017.00.039.3%
Book Value Change Per Share2.02.00.050.0%7.05.00.058.3%11.09.00.055.0%18.010.00.064.3%18.010.00.064.3%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%13.00.07.065.0%13.00.015.046.4%13.00.015.046.4%
Total Gains per Share2.02.00.050.0%7.05.00.058.3%11.09.00.055.0%18.010.00.064.3%18.010.00.064.3%

Fundamentals of First Majestic Silver Corp

About First Majestic Silver Corp

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine that consists of 119 individual concessions covering an area of 71,839 hectares located in Durango and Sinaloa States, México; the Santa Elena comprising 32 individual concessions that covers an area of 102,172 hectares located in Sonora State, México; and the La Encantada consists of 22 exploitation concessions covering an area of 4,076 hectares located in Coahuila State, México. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.

Fundamental data was last updated by Penke on 2024-03-10 17:40:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of First Majestic Silver Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit First Majestic Silver Corp earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare First Majestic Silver Corp to the Silver industry mean.
  • A Net Profit Margin of -20.3% means that €-0.20 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of First Majestic Silver Corp:

  • The MRQ is -20.3%. The company is making a huge loss. -2
  • The TTM is -26.8%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-20.3%TTM-26.8%+6.6%
TTM-26.8%YOY-15.7%-11.2%
TTM-26.8%5Y-22.4%-4.4%
5Y-22.4%10Y-20.9%-1.5%
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
MRQ-20.3%-6.7%-13.6%
TTM-26.8%-16.2%-10.6%
YOY-15.7%-15.7%+0.0%
5Y-22.4%-16.7%-5.7%
10Y-20.9%-20.9%0.0%
1.1.2. Return on Assets

Shows how efficient First Majestic Silver Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare First Majestic Silver Corp to the Silver industry mean.
  • -1.4% Return on Assets means that First Majestic Silver Corp generated €-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of First Majestic Silver Corp:

  • The MRQ is -1.4%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -2.0%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.4%TTM-2.0%+0.6%
TTM-2.0%YOY-1.2%-0.8%
TTM-2.0%5Y-1.7%-0.4%
5Y-1.7%10Y-1.6%-0.1%
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.4%-1.7%+0.3%
TTM-2.0%-2.0%0.0%
YOY-1.2%-1.9%+0.7%
5Y-1.7%-3.1%+1.4%
10Y-1.6%-3.1%+1.5%
1.1.3. Return on Equity

Shows how efficient First Majestic Silver Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare First Majestic Silver Corp to the Silver industry mean.
  • -2.0% Return on Equity means First Majestic Silver Corp generated €-0.02 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of First Majestic Silver Corp:

  • The MRQ is -2.0%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -3.0%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.0%TTM-3.0%+1.0%
TTM-3.0%YOY-1.9%-1.1%
TTM-3.0%5Y-2.6%-0.4%
5Y-2.6%10Y-2.4%-0.2%
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.0%-2.6%+0.6%
TTM-3.0%-2.5%-0.5%
YOY-1.9%-2.6%+0.7%
5Y-2.6%-2.8%+0.2%
10Y-2.4%-3.1%+0.7%

1.2. Operating Efficiency of First Majestic Silver Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient First Majestic Silver Corp is operating .

  • Measures how much profit First Majestic Silver Corp makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare First Majestic Silver Corp to the Silver industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of First Majestic Silver Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-7.8%+7.8%
TTM-7.8%YOY-0.3%-7.4%
TTM-7.8%5Y-8.2%+0.4%
5Y-8.2%10Y-11.4%+3.2%
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.3%-2.3%
TTM-7.8%-2.6%-5.2%
YOY-0.3%-4.1%+3.8%
5Y-8.2%-8.2%+0.0%
10Y-11.4%-11.4%0.0%
1.2.2. Operating Ratio

Measures how efficient First Majestic Silver Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Silver industry mean).
  • An Operation Ratio of 1.97 means that the operating costs are €1.97 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of First Majestic Silver Corp:

  • The MRQ is 1.972. The company is inefficient in keeping operating costs low. -1
  • The TTM is 2.145. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.972TTM2.145-0.174
TTM2.145YOY1.907+0.238
TTM2.1455Y1.976+0.169
5Y1.97610Y1.941+0.036
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9721.823+0.149
TTM2.1451.497+0.648
YOY1.9071.084+0.823
5Y1.9761.128+0.848
10Y1.9411.325+0.616

1.3. Liquidity of First Majestic Silver Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if First Majestic Silver Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Silver industry mean).
  • A Current Ratio of 2.97 means the company has €2.97 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of First Majestic Silver Corp:

  • The MRQ is 2.969. The company is able to pay all its short-term debts. +1
  • The TTM is 2.595. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.969TTM2.595+0.374
TTM2.595YOY2.222+0.373
TTM2.5955Y2.901-0.306
5Y2.90110Y3.132-0.231
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9692.573+0.396
TTM2.5954.406-1.811
YOY2.2228.905-6.683
5Y2.9018.376-5.475
10Y3.1326.584-3.452
1.3.2. Quick Ratio

Measures if First Majestic Silver Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare First Majestic Silver Corp to the Silver industry mean.
  • A Quick Ratio of 0.64 means the company can pay off €0.64 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of First Majestic Silver Corp:

  • The MRQ is 0.639. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.578. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.639TTM0.578+0.061
TTM0.578YOY0.403+0.176
TTM0.5785Y0.580-0.002
5Y0.58010Y0.579+0.001
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6390.898-0.259
TTM0.5780.858-0.280
YOY0.4031.297-0.894
5Y0.5801.325-0.745
10Y0.5792.195-1.616

1.4. Solvency of First Majestic Silver Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of First Majestic Silver Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare First Majestic Silver Corp to Silver industry mean.
  • A Debt to Asset Ratio of 0.31 means that First Majestic Silver Corp assets are financed with 31.4% credit (debt) and the remaining percentage (100% - 31.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of First Majestic Silver Corp:

  • The MRQ is 0.314. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.323. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.314TTM0.323-0.009
TTM0.323YOY0.334-0.011
TTM0.3235Y0.334-0.011
5Y0.33410Y0.320+0.014
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3140.160+0.154
TTM0.3230.153+0.170
YOY0.3340.124+0.210
5Y0.3340.162+0.172
10Y0.3200.180+0.140
1.4.2. Debt to Equity Ratio

Measures if First Majestic Silver Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare First Majestic Silver Corp to the Silver industry mean.
  • A Debt to Equity ratio of 45.7% means that company has €0.46 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of First Majestic Silver Corp:

  • The MRQ is 0.457. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.477. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.457TTM0.477-0.019
TTM0.477YOY0.502-0.025
TTM0.4775Y0.503-0.026
5Y0.50310Y0.475+0.028
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4570.165+0.292
TTM0.4770.139+0.338
YOY0.5020.135+0.367
5Y0.5030.160+0.343
10Y0.4750.167+0.308

2. Market Valuation of First Majestic Silver Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings First Majestic Silver Corp generates.

  • Above 15 is considered overpriced but always compare First Majestic Silver Corp to the Silver industry mean.
  • A PE ratio of -14.30 means the investor is paying €-14.30 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of First Majestic Silver Corp:

  • The EOD is -14.758. Based on the earnings, the company is expensive. -2
  • The MRQ is -14.301. Based on the earnings, the company is expensive. -2
  • The TTM is -25.750. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-14.758MRQ-14.301-0.458
MRQ-14.301TTM-25.750+11.449
TTM-25.750YOY-23.005-2.744
TTM-25.7505Y25.821-51.571
5Y25.82110Y37.943-12.121
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
EOD-14.758-2.302-12.456
MRQ-14.301-2.856-11.445
TTM-25.750-4.946-20.804
YOY-23.005-9.969-13.036
5Y25.821-11.364+37.185
10Y37.943-11.298+49.241
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of First Majestic Silver Corp:

  • The EOD is -29.526. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -28.611. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -17.492. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-29.526MRQ-28.611-0.916
MRQ-28.611TTM-17.492-11.118
TTM-17.492YOY15.893-33.385
TTM-17.4925Y9.993-27.485
5Y9.99310Y387.946-377.953
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
EOD-29.526-2.636-26.890
MRQ-28.611-3.069-25.542
TTM-17.492-6.674-10.818
YOY15.893-9.544+25.437
5Y9.993-12.131+22.124
10Y387.946-11.047+398.993
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of First Majestic Silver Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Silver industry mean).
  • A PB ratio of 1.16 means the investor is paying €1.16 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of First Majestic Silver Corp:

  • The EOD is 1.196. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.159. Based on the equity, the company is underpriced. +1
  • The TTM is 1.403. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.196MRQ1.159+0.037
MRQ1.159TTM1.403-0.244
TTM1.403YOY2.012-0.609
TTM1.4035Y2.765-1.362
5Y2.76510Y3.275-0.510
Compared to industry (Silver)
PeriodCompanyIndustry (mean)+/- 
EOD1.1961.085+0.111
MRQ1.1591.098+0.061
TTM1.4031.285+0.118
YOY2.0122.172-0.160
5Y2.7652.459+0.306
10Y3.2753.008+0.267
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of First Majestic Silver Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.118-0.004-97%-0.039-67%0.094-226%0.154-177%
Book Value Per Share--4.3134.393-2%4.473-4%3.350+29%2.938+47%
Current Ratio--2.9692.595+14%2.222+34%2.901+2%3.132-5%
Debt To Asset Ratio--0.3140.323-3%0.334-6%0.334-6%0.320-2%
Debt To Equity Ratio--0.4570.477-4%0.502-9%0.503-9%0.475-4%
Dividend Per Share--0.0050.005-7%0.008-42%0.004+30%0.003+82%
Eps---0.087-0.064-27%-0.082-7%-0.058-33%-0.047-46%
Free Cash Flow Per Share---0.044-0.125+185%-0.077+77%-0.069+58%-0.056+28%
Free Cash Flow To Equity Per Share---0.0700.037-288%-0.028-60%0.022-421%0.010-775%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---10.149--------
Intrinsic Value_10Y_min---8.578--------
Intrinsic Value_1Y_max---0.510--------
Intrinsic Value_1Y_min---0.500--------
Intrinsic Value_3Y_max---1.918--------
Intrinsic Value_3Y_min---1.823--------
Intrinsic Value_5Y_max---3.792--------
Intrinsic Value_5Y_min---3.487--------
Market Cap1481678561.280+3%1435735040.0001772702053.888-19%2595952525.824-45%2399601401.754-40%2463797958.370-42%
Net Profit Margin---0.203-0.268+32%-0.157-23%-0.224+11%-0.209+3%
Operating Margin----0.0780%-0.0030%-0.0820%-0.1140%
Operating Ratio--1.9722.145-8%1.907+3%1.9760%1.941+2%
Pb Ratio1.196+3%1.1591.403-17%2.012-42%2.765-58%3.275-65%
Pe Ratio-14.758-3%-14.301-25.750+80%-23.005+61%25.821-155%37.943-138%
Price Per Share5.160+3%5.0006.174-19%9.041-45%8.357-40%7.783-36%
Price To Free Cash Flow Ratio-29.526-3%-28.611-17.492-39%15.893-280%9.993-386%387.946-107%
Price To Total Gains Ratio-45.453-3%-44.044-0.458-99%26.308-267%-147.170+234%-42.867-3%
Quick Ratio--0.6390.578+11%0.403+59%0.580+10%0.579+10%
Return On Assets---0.014-0.020+46%-0.012-10%-0.017+21%-0.016+12%
Return On Equity---0.020-0.030+49%-0.019-8%-0.026+28%-0.024+17%
Total Gains Per Share---0.1140.001-10777%-0.030-73%0.098-216%0.157-172%
Usd Book Value--1339623397.7391364489684.732-2%1389494976.124-4%1040624134.711+29%929163764.245+44%
Usd Book Value Change Per Share---0.128-0.004-97%-0.042-67%0.102-226%0.167-177%
Usd Book Value Per Share--4.6654.752-2%4.839-4%3.624+29%3.178+47%
Usd Dividend Per Share--0.0050.005-7%0.009-42%0.004+30%0.003+82%
Usd Eps---0.095-0.069-27%-0.088-7%-0.063-33%-0.051-46%
Usd Free Cash Flow---13570429.491-38729475.749+185%-24064511.618+77%-21446878.772+58%-17375299.911+28%
Usd Free Cash Flow Per Share---0.047-0.135+185%-0.084+77%-0.075+58%-0.061+28%
Usd Free Cash Flow To Equity Per Share---0.0760.040-288%-0.030-60%0.024-421%0.011-775%
Usd Market Cap1602731699.737+3%1553034592.7681917531811.691-19%2808041847.184-45%2595648836.277-40%2665090251.569-42%
Usd Price Per Share5.582+3%5.4096.678-19%9.779-45%9.039-40%8.419-36%
Usd Profit---27149859.266-40541783.107+49%-25357802.549-7%-22319306.384-18%-19198857.625-29%
Usd Revenue--133802234.707146879148.578-9%171034413.068-22%123183448.633+9%107462329.647+25%
Usd Total Gains Per Share---0.1230.001-10777%-0.033-73%0.105-216%0.169-172%
 EOD+5 -3MRQTTM+15 -19YOY+10 -245Y+22 -1210Y+19 -15

3.2. Fundamental Score

Let's check the fundamental score of First Majestic Silver Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-14.758
Price to Book Ratio (EOD)Between0-11.196
Net Profit Margin (MRQ)Greater than0-0.203
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.639
Current Ratio (MRQ)Greater than12.969
Debt to Asset Ratio (MRQ)Less than10.314
Debt to Equity Ratio (MRQ)Less than10.457
Return on Equity (MRQ)Greater than0.15-0.020
Return on Assets (MRQ)Greater than0.05-0.014
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of First Majestic Silver Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.093
Ma 20Greater thanMa 504.849
Ma 50Greater thanMa 1004.504
Ma 100Greater thanMa 2004.827
OpenGreater thanClose4.899
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets1,952,355
Total Liabilities612,774
Total Stockholder Equity1,339,581
 As reported
Total Liabilities 612,774
Total Stockholder Equity+ 1,339,581
Total Assets = 1,952,355

Assets

Total Assets1,952,355
Total Current Assets298,262
Long-term Assets1,654,093
Total Current Assets
Cash And Cash Equivalents 138,335
Short-term Investments 55,109
Net Receivables 9,132
Inventory 60,563
Other Current Assets 9,666
Total Current Assets  (as reported)298,262
Total Current Assets  (calculated)272,805
+/- 25,457
Long-term Assets
Property Plant Equipment 1,436,311
Long-term Assets Other 118,990
Long-term Assets  (as reported)1,654,093
Long-term Assets  (calculated)1,555,301
+/- 98,792

Liabilities & Shareholders' Equity

Total Current Liabilities100,463
Long-term Liabilities512,311
Total Stockholder Equity1,339,581
Total Current Liabilities
Short Long Term Debt 196
Accounts payable 41,003
Total Current Liabilities  (as reported)100,463
Total Current Liabilities  (calculated)41,199
+/- 59,264
Long-term Liabilities
Long term Debt 216,638
Capital Lease Obligations Min Short Term Debt38,040
Long-term Liabilities Other 6,182
Long-term Liabilities  (as reported)512,311
Long-term Liabilities  (calculated)260,860
+/- 251,451
Total Stockholder Equity
Total Stockholder Equity (as reported)1,339,581
Total Stockholder Equity (calculated)0
+/- 1,339,581
Other
Capital Stock1,877,795
Common Stock Shares Outstanding 286,933
Net Debt 78,499
Net Invested Capital 1,556,415
Net Working Capital 197,799
Property Plant and Equipment Gross 2,568,249



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-31
> Total Assets 
857,175
847,739
835,624
837,580
781,441
919,421
1,131,446
1,112,197
926,110
967,605
972,210
1,002,335
1,027,924
1,041,457
1,019,837
1,189,225
1,237,517
1,234,698
2,032,330
2,051,488
2,124,989
2,133,418
2,034,755
2,053,106
2,110,009
1,983,603
2,013,983
1,952,355
1,952,3552,013,9831,983,6032,110,0092,053,1062,034,7552,133,4182,124,9892,051,4882,032,3301,234,6981,237,5171,189,2251,019,8371,041,4571,027,9241,002,335972,210967,605926,1101,112,1971,131,446919,421781,441837,580835,624847,739857,175
   > Total Current Assets 
180,199
181,406
173,640
171,818
170,658
304,725
205,634
181,439
166,274
189,183
190,152
204,615
242,979
224,018
192,894
344,142
356,046
329,738
409,242
400,123
397,207
351,085
336,257
315,994
370,289
325,371
362,800
298,262
298,262362,800325,371370,289315,994336,257351,085397,207400,123409,242329,738356,046344,142192,894224,018242,979204,615190,152189,183166,274181,439205,634304,725170,658171,818173,640181,406180,199
       Cash And Cash Equivalents 
129,049
127,605
126,899
120,794
118,141
249,239
109,228
72,372
57,013
91,457
94,539
118,624
169,009
145,187
95,230
232,436
238,578
201,684
227,109
192,810
237,926
192,801
117,721
148,819
151,438
104,774
160,235
138,335
138,335160,235104,774151,438148,819117,721192,801237,926192,810227,109201,684238,578232,43695,230145,187169,009118,62494,53991,45757,01372,372109,228249,239118,141120,794126,899127,605129,049
       Short-term Investments 
1,437
1,218
1,251
1,139
1,214
0
0
0
0
7,754
6,396
6,446
6,506
6,910
16,659
33,620
36,320
28,889
37,818
23,482
26,486
28,079
15,953
13,768
34,528
69,288
52,113
55,109
55,10952,11369,28834,52813,76815,95328,07926,48623,48237,81828,88936,32033,62016,6596,9106,5066,4466,3967,75400001,2141,1391,2511,2181,437
       Net Receivables 
16,473
19,621
16,436
19,553
20,855
24,654
55,366
68,731
66,246
6,136
6,645
6,155
33,932
32,142
33,217
44,099
45,912
52,036
85,432
62,918
54,260
42,488
37,112
37,446
41,216
6,814
33,483
9,132
9,13233,4836,81441,21637,44637,11242,48854,26062,91885,43252,03645,91244,09933,21732,14233,9326,1556,6456,13666,24668,73155,36624,65420,85519,55316,43619,62116,473
       Inventory 
20,254
18,593
17,374
17,789
18,858
18,182
29,229
28,735
32,468
27,358
28,706
30,442
30,517
33,414
43,539
30,520
32,512
36,079
52,223
71,760
60,613
65,368
66,612
63,010
64,761
71,054
57,948
60,563
60,56357,94871,05464,76163,01066,61265,36860,61371,76052,22336,07932,51230,52043,53933,41430,51730,44228,70627,35832,46828,73529,22918,18218,85817,78917,37418,59320,254
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
778,422
782,058
797,720
784,945
817,439
826,943
845,083
881,470
904,960
1,623,088
1,651,365
1,727,782
1,782,333
1,698,498
1,737,112
1,739,720
1,658,232
1,651,183
1,654,093
1,654,0931,651,1831,658,2321,739,7201,737,1121,698,4981,782,3331,727,7821,651,3651,623,088904,960881,470845,083826,943817,439784,945797,720782,058778,422000000000
       Property Plant Equipment 
628,047
627,209
624,661
628,299
566,198
566,762
840,116
849,858
686,697
701,887
715,021
730,093
712,064
714,982
720,632
740,419
782,280
808,561
1,477,479
1,504,069
1,526,992
1,541,218
1,549,571
1,575,733
1,539,108
1,430,137
1,430,046
1,436,311
1,436,3111,430,0461,430,1371,539,1081,575,7331,549,5711,541,2181,526,9921,504,0691,477,479808,561782,280740,419720,632714,982712,064730,093715,021701,887686,697849,858840,116566,762566,198628,299624,661627,209628,047
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
778,422
782,058
797,720
784,945
817,439
0
0
0
0
66,992
66,997
115,012
131,383
97,488
101,188
125,193
131,062
117,304
118,990
118,990117,304131,062125,193101,18897,488131,383115,01266,99766,9920000817,439784,945797,720782,058778,422000000000
> Total Liabilities 
235,474
218,628
202,472
201,689
198,956
321,802
383,836
355,828
331,537
334,310
331,839
335,332
365,603
395,417
374,831
383,024
387,281
375,551
632,694
659,083
714,018
695,423
670,489
708,534
698,711
653,003
637,676
612,774
612,774637,676653,003698,711708,534670,489695,423714,018659,083632,694375,551387,281383,024374,831395,417365,603335,332331,839334,310331,537355,828383,836321,802198,956201,689202,472218,628235,474
   > Total Current Liabilities 
49,572
44,589
42,743
45,543
54,375
69,110
64,278
53,620
58,137
58,305
60,701
55,409
71,853
84,192
78,650
77,462
101,626
96,903
132,967
137,646
172,822
156,668
136,431
167,842
167,399
140,791
125,606
100,463
100,463125,606140,791167,399167,842136,431156,668172,822137,646132,96796,903101,62677,46278,65084,19271,85355,40960,70158,30558,13753,62064,27869,11054,37545,54342,74344,58949,572
       Short-term Debt 
52,124
46,969
45,421
14,246
14,928
31,664
4,131
2,888
3,833
444
1,252
433
1,175
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000001,1754331,2524443,8332,8884,13131,66414,92814,24645,42146,96952,124
       Short Long Term Debt 
52,124
46,969
45,421
14,246
14,928
31,664
4,131
2,888
3,833
444
1,252
293
1,175
317
1,060
342
10,974
359
1,100
383
125
266
464
193
551
181
395
196
1963951815511934642661253831,10035910,9743421,0603171,1752931,2524443,8332,8884,13131,66414,92814,24645,42146,96952,124
       Accounts payable 
10,752
9,785
9,705
11,029
18,281
15,210
23,396
23,141
26,420
18,349
20,817
18,183
23,984
23,981
12,291
16,434
31,262
18,523
34,069
34,053
41,827
28,736
31,430
28,123
40,782
69,520
96,040
41,003
41,00396,04069,52040,78228,12331,43028,73641,82734,05334,06918,52331,26216,43412,29123,98123,98418,18320,81718,34926,42023,14123,39615,21018,28111,0299,7059,78510,752
       Other Current Liabilities 
2,922
646
1,200
1,328
2,190
3,061
4,372
754
3,769
4,168
143
1,317
4,635
22,449
11,440
10,001
9,291
12,215
26,382
23,872
52,776
32,975
21,768
48,917
37,901
6,312
12,462
0
012,4626,31237,90148,91721,76832,97552,77623,87226,38212,2159,29110,00111,44022,4494,6351,3171434,1683,7697544,3723,0612,1901,3281,2006462,922
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
276,005
271,138
279,923
293,750
311,225
296,181
305,562
285,655
278,648
499,727
521,437
541,196
538,755
534,058
540,692
531,312
512,212
512,070
512,311
512,311512,070512,212531,312540,692534,058538,755541,196521,437499,727278,648285,655305,562296,181311,225293,750279,923271,138276,005000000000
       Capital Lease Obligations 
0
0
0
0
0
0
0
0
0
9,134
8,505
9,920
21,936
21,411
20,396
19,154
20,575
19,216
36,840
36,741
39,861
38,568
39,868
39,338
37,583
42,747
39,950
38,040
38,04039,95042,74737,58339,33839,86838,56839,86136,74136,84019,21620,57519,15420,39621,41121,9369,9208,5059,134000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
3,985
4,164
4,204
4,675
3,898
4,468
4,814
5,406
5,503
6,011
6,282
5,797
6,591
6,716
6,748
5,655
6,737
7,207
6,182
6,1827,2076,7375,6556,7486,7166,5915,7976,2826,0115,5035,4064,8144,4683,8984,6754,2044,1643,985000000000
> Total Stockholder Equity
621,701
629,111
633,152
635,891
582,485
597,619
747,610
756,369
594,573
633,295
640,371
667,003
662,321
646,040
645,006
806,201
850,236
859,147
1,399,636
1,392,405
1,410,971
1,437,995
1,364,266
1,344,572
1,411,298
1,330,600
1,376,307
1,339,581
1,339,5811,376,3071,330,6001,411,2981,344,5721,364,2661,437,9951,410,9711,392,4051,399,636859,147850,236806,201645,006646,040662,321667,003640,371633,295594,573756,369747,610597,619582,485635,891633,152629,111621,701
   Common Stock
628,565
632,052
632,742
635,694
636,672
636,568
825,109
826,549
827,622
861,509
879,325
900,019
933,182
949,142
950,582
1,081,110
1,087,139
1,097,140
1,602,144
1,620,423
1,659,781
1,677,077
1,696,259
1,697,219
1,781,280
0
1,877,382
0
01,877,38201,781,2801,697,2191,696,2591,677,0771,659,7811,620,4231,602,1441,097,1401,087,1391,081,110950,582949,142933,182900,019879,325861,509827,622826,549825,109636,568636,672635,694632,742632,052628,565
   Retained Earnings -618,789-590,175-571,036-468,896-450,441-428,152-342,524-347,753-342,519-322,578-337,045-338,900-373,445-404,391-394,423-361,553-321,607-330,166-318,199-321,079-156,636-162,519-122,472-116,490-60,406-59,086-60,498-63,218
   Capital Surplus 0000000000000000000000000000
   Treasury Stock0000000000000000000000000000
   Other Stockholders Equity 
56,354
57,557
59,496
60,603
62,303
83,523
85,020
86,456
88,030
89,985
91,212
88,591
90,692
91,321
98,815
98,536
101,997
99,052
120,070
114,501
98,943
103,442
96,159
97,794
98,914
0
89,100
0
089,100098,91497,79496,159103,44298,943114,501120,07099,052101,99798,53698,81591,32190,69288,59191,21289,98588,03086,45685,02083,52362,30360,60359,49657,55756,354



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue587,498
Cost of Revenue-593,023
Gross Profit-5,525-5,525
 
Operating Income (+$)
Gross Profit-5,525
Operating Expense-670,496
Operating Income-82,998-676,021
 
Operating Expense (+$)
Research Development-
Selling General Administrative50,740
Selling And Marketing Expenses-
Operating Expense670,49650,740
 
Net Interest Income (+$)
Interest Income7,102
Interest Expense-14,905
Other Finance Cost-2,648
Net Interest Income-10,451
 
Pretax Income (+$)
Operating Income-82,998
Net Interest Income-10,451
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-224,21447,767
EBIT - interestExpense = -14,905
-162,162
-147,257
Interest Expense14,905
Earnings Before Interest and Taxes (EBIT)--209,309
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-224,214
Tax Provision--62,052
Net Income From Continuing Ops-162,162-162,162
Net Income-162,162
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-130,76510,451
 

Technical Analysis of First Majestic Silver Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of First Majestic Silver Corp. The general trend of First Majestic Silver Corp is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine First Majestic Silver Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of First Majestic Silver Corp.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 5.7973 < 5.9642 < 6.2377.

The bearish price targets are: 4.83 > 4.3957 > 4.1729.

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First Majestic Silver Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of First Majestic Silver Corp. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

First Majestic Silver Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of First Majestic Silver Corp. The current macd is 0.15903988.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the First Majestic Silver Corp price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for First Majestic Silver Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the First Majestic Silver Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
First Majestic Silver Corp Daily Moving Average Convergence/Divergence (MACD) ChartFirst Majestic Silver Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of First Majestic Silver Corp. The current adx is 29.46.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy First Majestic Silver Corp shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
First Majestic Silver Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of First Majestic Silver Corp. The current sar is 5.2238688.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
First Majestic Silver Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of First Majestic Silver Corp. The current rsi is 62.09. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
First Majestic Silver Corp Daily Relative Strength Index (RSI) ChartFirst Majestic Silver Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of First Majestic Silver Corp. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the First Majestic Silver Corp price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
First Majestic Silver Corp Daily Stochastic Oscillator ChartFirst Majestic Silver Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of First Majestic Silver Corp. The current cci is 63.34.

First Majestic Silver Corp Daily Commodity Channel Index (CCI) ChartFirst Majestic Silver Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of First Majestic Silver Corp. The current cmo is 27.66.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
First Majestic Silver Corp Daily Chande Momentum Oscillator (CMO) ChartFirst Majestic Silver Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of First Majestic Silver Corp. The current willr is -19.22196796.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
First Majestic Silver Corp Daily Williams %R ChartFirst Majestic Silver Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of First Majestic Silver Corp.

First Majestic Silver Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of First Majestic Silver Corp. The current atr is 0.16899885.

First Majestic Silver Corp Daily Average True Range (ATR) ChartFirst Majestic Silver Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of First Majestic Silver Corp. The current obv is -156,884.

First Majestic Silver Corp Daily On-Balance Volume (OBV) ChartFirst Majestic Silver Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of First Majestic Silver Corp. The current mfi is 74.87.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
First Majestic Silver Corp Daily Money Flow Index (MFI) ChartFirst Majestic Silver Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for First Majestic Silver Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-11-17DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-05WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-11ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-18MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

First Majestic Silver Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of First Majestic Silver Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.093
Ma 20Greater thanMa 504.849
Ma 50Greater thanMa 1004.504
Ma 100Greater thanMa 2004.827
OpenGreater thanClose4.899
Total2/5 (40.0%)
Penke

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