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First Majestic Silver Corp
Buy, Hold or Sell?

Let's analyze First Majestic Silver Corp together

I 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.

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1. Quick Overview

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










1.2. 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?
65.0%

What is your share worth?

Current worth
€4.35
Expected worth in 1 year
€4.25
How sure are you?
45.0%

+ What do you gain per year?

Total Gains per Share
€-0.08
Return On Investment
-1.3%

For what price can you sell your share?

Current Price per Share
€6.26
Expected price per share
€5.128 - €7.6168
How sure are you?
50%
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2. Detailed Analysis

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




Live pricePrice per Share (EOD)
€6.26
Intrinsic Value Per Share
€8.78 - €10.72
Total Value Per Share
€13.13 - €15.07

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




Is First Majestic Silver Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$1.3b$1.3b-$2m-0.2%

How much money is First Majestic Silver Corp making?

Current yearPrevious yearGrowGrow %
Making money-$20.5m-$42.5m$22m107.4%
Net Profit Margin-14.7%-26.8%--

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

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




2.4. Comparing to competitors in the Other industry (5 min.)




  Industry Rankings (Other)  


Richest
#67 / 338

Most Revenue
#182 / 338

Most Profit
#321 / 338

Most Efficient
#306 / 338
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3. Summary and Key Metrics

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

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.

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 €6.262. 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 €4.35. Based on the TTM, the Book Value Change Per Share is €-0.02 per quarter. Based on the YOY, the Book Value Change Per Share is €-0.09 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 €0.00 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-0.09-1.5%-0.07-1.1%-0.15-2.4%-0.07-1.1%-0.06-1.0%
Usd Book Value Change Per Share-0.05-0.8%-0.03-0.4%-0.10-1.6%0.233.6%0.233.6%
Usd Dividend Per Share0.000.1%0.000.1%0.010.1%0.000.1%0.000.1%
Usd Total Gains Per Share-0.04-0.7%-0.02-0.3%-0.09-1.5%0.233.7%0.233.7%
Usd Price Per Share5.66-5.66-6.38-8.45-7.35-
Price to Earnings Ratio-15.28--3.01--17.52-10.30-8.95-
Price-to-Total Gains Ratio-131.40--62.86--20.54-87.41-87.41-
Price to Book Ratio1.24-1.22-1.31-1.93-1.68-
Price-to-Total Gains Ratio-131.40--62.86--20.54-87.41-87.41-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.5763524
Number of shares152
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.030.23
Usd Total Gains Per Share-0.020.23
Gains per Quarter (152 shares)-3.2735.26
Gains per Year (152 shares)-13.10141.05
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
13-16-232139131
25-32-365278272
38-47-497416413
411-63-629555554
513-79-7511694695
616-95-8814833836
719-110-10116971977
821-126-1141811101118
924-142-1272012491259
1027-158-1402313881400

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 Share1.03.00.025.0%2.010.00.016.7%6.014.00.030.0%6.014.00.030.0%6.014.00.030.0%
Book Value Change Per Share1.03.00.025.0%3.09.00.025.0%8.012.00.040.0%8.012.00.040.0%8.012.00.040.0%
Dividend per Share4.00.00.0100.0%11.00.01.091.7%13.00.07.065.0%13.00.07.065.0%13.00.07.065.0%
Total Gains per Share1.03.00.025.0%4.08.00.033.3%9.011.00.045.0%9.011.00.045.0%9.011.00.045.0%
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3.2. 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---0.045-0.025-46%-0.094+108%0.217-121%0.217-121%
Book Value Per Share--4.3474.421-2%4.631-6%4.325+0%3.761+16%
Current Ratio--3.0302.747+10%2.595+17%2.804+8%2.876+5%
Debt To Asset Ratio--0.3040.310-2%0.323-6%0.327-7%0.329-8%
Debt To Equity Ratio--0.4360.449-3%0.477-9%0.487-11%0.491-11%
Dividend Per Share--0.0040.004+4%0.005-17%0.004+23%0.004+23%
Enterprise Value--1054177997.2681000487092.295+5%1079346636.750-2%1483519400.464-29%1483519400.464-29%
Eps---0.088-0.065-26%-0.146+66%-0.066-25%-0.058-34%
Ev To Ebitda Ratio--infinfnan%infnan%infnan%infnan%
Ev To Sales Ratio--1.7931.907-6%1.828-2%3.165-43%3.165-43%
Free Cash Flow Per Share--0.025-0.021+185%-0.133+627%-0.091+458%-0.091+458%
Free Cash Flow To Equity Per Share--0.0070.013-45%-0.015+315%-0.001+114%-0.001+114%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--10.723--------
Intrinsic Value_10Y_min--8.781--------
Intrinsic Value_1Y_max---0.120--------
Intrinsic Value_1Y_min---0.119--------
Intrinsic Value_3Y_max--0.549--------
Intrinsic Value_3Y_min--0.506--------
Intrinsic Value_5Y_max--2.316--------
Intrinsic Value_5Y_min--2.071--------
Market Cap--1625674154.2681583043052.295+3%1698791776.950-4%2026811964.784-20%1762445186.768-8%
Net Profit Margin---0.181-0.147-19%-0.268+48%-0.142-22%-0.124-31%
Operating Margin----0%-0%0.020-100%0.050-100%
Operating Ratio--1.7541.946-10%2.145-18%1.914-8%1.899-8%
Pb Ratio1.441+14%1.2401.220+2%1.305-5%1.932-36%1.680-26%
Pe Ratio-17.762-16%-15.283-3.005-80%-17.525+15%10.297-248%8.954-271%
Price Per Share6.262+14%5.3885.3930%6.077-11%8.047-33%6.997-23%
Price To Free Cash Flow Ratio61.899+14%53.259-21.316+140%-16.490+131%-4.216+108%-3.666+107%
Price To Total Gains Ratio-152.714-16%-131.399-62.857-52%-20.535-84%87.407-250%87.407-250%
Quick Ratio--0.6990.612+14%0.474+48%0.368+90%0.349+100%
Return On Assets---0.014-0.010-27%-0.021+51%-0.010-27%-0.009-36%
Return On Equity---0.020-0.015-26%-0.032+56%-0.016-23%-0.014-32%
Total Gains Per Share---0.041-0.021-50%-0.089+117%0.221-119%0.221-119%
Usd Book Value--1377310606.0161362349849.434+1%1364447100.356+1%1186299471.972+16%1115941708.405+23%
Usd Book Value Change Per Share---0.048-0.026-46%-0.099+108%0.228-121%0.228-121%
Usd Book Value Per Share--4.5654.643-2%4.864-6%4.543+0%3.950+16%
Usd Dividend Per Share--0.0050.004+4%0.006-17%0.004+23%0.004+23%
Usd Enterprise Value--1107097732.7311050711544.328+5%1133529837.915-2%1557992074.367-29%1557992074.367-29%
Usd Eps---0.093-0.069-26%-0.153+66%-0.070-25%-0.061-34%
Usd Free Cash Flow--8014003.526-6450002.838+180%-38728267.040+583%-23213510.214+390%-20185661.056+352%
Usd Free Cash Flow Per Share--0.027-0.022+185%-0.140+627%-0.095+458%-0.095+458%
Usd Free Cash Flow To Equity Per Share--0.0080.014-45%-0.016+315%-0.001+114%-0.001+114%
Usd Market Cap--1707282996.8121662511813.520+3%1784071124.153-4%2128557925.416-20%1850919935.144-8%
Usd Price Per Share6.576+14%5.6585.6630%6.382-11%8.451-33%7.349-23%
Usd Profit---27927968.600-20525108.800-27%-42575633.100+52%-18881388.270-32%-16442707.435-41%
Usd Revenue--154370998.400138617735.850+11%154247599.900+0%139072157.390+11%133212390.696+16%
Usd Total Gains Per Share---0.043-0.022-50%-0.094+117%0.232-119%0.232-119%
 EOD+2 -4MRQTTM+18 -19YOY+24 -135Y+19 -1910Y+19 -19

3.3 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)Between0-15-17.762
Price to Book Ratio (EOD)Between0-11.441
Net Profit Margin (MRQ)Greater than0-0.181
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.699
Current Ratio (MRQ)Greater than13.030
Debt to Asset Ratio (MRQ)Less than10.304
Debt to Equity Ratio (MRQ)Less than10.436
Return on Equity (MRQ)Greater than0.15-0.020
Return on Assets (MRQ)Greater than0.05-0.014
Total3/10 (30.0%)

3.4 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 than5054.182
Ma 20Greater thanMa 506.007
Ma 50Greater thanMa 1006.199
Ma 100Greater thanMa 2005.641
OpenGreater thanClose6.096
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About First Majestic Silver Corp

  • Other
  • 0

There is no Profile data available for FMV.HM.

Fundamental data was last updated by Penke on 2024-11-25 13:59:04.

4.2 In-depth Summary

4.2.1. Financial Health Summary

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 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.

4.2.2. Valuation Summary

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.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. 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 Other industry mean.
  • A Net Profit Margin of -18.1% means that €-0.18 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 -18.1%. The company is making a huge loss. -2
  • The TTM is -14.7%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-18.1%TTM-14.7%-3.4%
TTM-14.7%YOY-26.8%+12.2%
TTM-14.7%5Y-14.2%-0.5%
5Y-14.2%10Y-12.4%-1.8%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-18.1%5.6%-23.7%
TTM-14.7%5.9%-20.6%
YOY-26.8%7.1%-33.9%
5Y-14.2%6.4%-20.6%
10Y-12.4%6.3%-18.7%
4.3.1.2. 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 Other 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 -1.0%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.4%TTM-1.0%-0.4%
TTM-1.0%YOY-2.1%+1.1%
TTM-1.0%5Y-1.0%0.0%
5Y-1.0%10Y-0.9%-0.1%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.4%1.1%-2.5%
TTM-1.0%1.1%-2.1%
YOY-2.1%1.4%-3.5%
5Y-1.0%1.3%-2.3%
10Y-0.9%1.4%-2.3%
4.3.1.3. 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 Other 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 -1.5%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.0%TTM-1.5%-0.5%
TTM-1.5%YOY-3.2%+1.7%
TTM-1.5%5Y-1.6%+0.1%
5Y-1.6%10Y-1.4%-0.2%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.0%3.4%-5.4%
TTM-1.5%3.1%-4.6%
YOY-3.2%4.4%-7.6%
5Y-1.6%4.0%-5.6%
10Y-1.4%3.8%-5.2%
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4.3.2. Operating Efficiency of First Majestic Silver Corp.

4.3.2. Operating Efficiency
4.3.2.1. 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 Other 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-0.0%
TTM-YOY-0.0%
TTM-5Y2.0%-2.0%
5Y2.0%10Y5.0%-3.0%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-14.1%-14.1%
TTM-7.1%-7.1%
YOY-7.6%-7.6%
5Y2.0%4.7%-2.7%
10Y5.0%6.8%-1.8%
4.3.2.2. Operating Ratio

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

  • Below 1 is considered healthy (always compare to Other industry mean).
  • An Operation Ratio of 1.75 means that the operating costs are €1.75 for each €1 in net sales.

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

  • The MRQ is 1.754. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.946. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.754TTM1.946-0.192
TTM1.946YOY2.145-0.199
TTM1.9465Y1.914+0.032
5Y1.91410Y1.899+0.014
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7541.254+0.500
TTM1.9461.359+0.587
YOY2.1451.335+0.810
5Y1.9141.297+0.617
10Y1.8991.379+0.520
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4.4.3. Liquidity of First Majestic Silver Corp.

4.4.3. Liquidity
4.4.3.1. 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 Other industry mean).
  • A Current Ratio of 3.03 means the company has €3.03 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 3.030. The company is very able to pay all its short-term debts. +2
  • The TTM is 2.747. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ3.030TTM2.747+0.283
TTM2.747YOY2.595+0.152
TTM2.7475Y2.804-0.057
5Y2.80410Y2.876-0.072
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ3.0301.419+1.611
TTM2.7471.463+1.284
YOY2.5951.568+1.027
5Y2.8041.555+1.249
10Y2.8761.495+1.381
4.4.3.2. 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 Other industry mean.
  • A Quick Ratio of 0.70 means the company can pay off €0.70 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 0.699. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.612. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.699TTM0.612+0.087
TTM0.612YOY0.474+0.138
TTM0.6125Y0.368+0.244
5Y0.36810Y0.349+0.018
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6990.542+0.157
TTM0.6120.554+0.058
YOY0.4740.582-0.108
5Y0.3680.587-0.219
10Y0.3490.605-0.256
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4.5.4. Solvency of First Majestic Silver Corp.

4.5.4. Solvency
4.5.4.1. 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 Other industry mean.
  • A Debt to Asset Ratio of 0.30 means that First Majestic Silver Corp assets are financed with 30.4% credit (debt) and the remaining percentage (100% - 30.4%) 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 0.304. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.310. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.304TTM0.310-0.006
TTM0.310YOY0.323-0.013
TTM0.3105Y0.327-0.017
5Y0.32710Y0.329-0.002
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3040.524-0.220
TTM0.3100.528-0.218
YOY0.3230.535-0.212
5Y0.3270.553-0.226
10Y0.3290.562-0.233
4.5.4.2. 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 Other industry mean.
  • A Debt to Equity ratio of 43.6% means that company has €0.44 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 0.436. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.449. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.436TTM0.449-0.013
TTM0.449YOY0.477-0.027
TTM0.4495Y0.487-0.038
5Y0.48710Y0.491-0.004
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4361.100-0.664
TTM0.4491.116-0.667
YOY0.4771.172-0.695
5Y0.4871.300-0.813
10Y0.4911.434-0.943
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. 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 Other industry mean.
  • A PE ratio of -15.28 means the investor is paying €-15.28 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 -17.762. Based on the earnings, the company is expensive. -2
  • The MRQ is -15.283. Based on the earnings, the company is expensive. -2
  • The TTM is -3.005. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-17.762MRQ-15.283-2.479
MRQ-15.283TTM-3.005-12.278
TTM-3.005YOY-17.525+14.520
TTM-3.0055Y10.297-13.303
5Y10.29710Y8.954+1.343
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD-17.76213.498-31.260
MRQ-15.28313.419-28.702
TTM-3.00511.570-14.575
YOY-17.52510.601-28.126
5Y10.29711.221-0.924
10Y8.95411.591-2.637
4.6.2.2. 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 61.899. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 53.259. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is -21.316. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD61.899MRQ53.259+8.639
MRQ53.259TTM-21.316+74.575
TTM-21.316YOY-16.490-4.826
TTM-21.3165Y-4.216-17.100
5Y-4.21610Y-3.666-0.550
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD61.8997.705+54.194
MRQ53.2597.718+45.541
TTM-21.3164.940-26.256
YOY-16.4904.063-20.553
5Y-4.2162.629-6.845
10Y-3.6663.950-7.616
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4.6.2. Book Value per Share
4.6.2.1. 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 Other industry mean).
  • A PB ratio of 1.24 means the investor is paying €1.24 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 1.441. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.240. Based on the equity, the company is underpriced. +1
  • The TTM is 1.220. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.441MRQ1.240+0.201
MRQ1.240TTM1.220+0.020
TTM1.220YOY1.305-0.085
TTM1.2205Y1.932-0.712
5Y1.93210Y1.680+0.252
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD1.4411.680-0.239
MRQ1.2401.389-0.149
TTM1.2201.396-0.176
YOY1.3051.322-0.017
5Y1.9321.640+0.292
10Y1.6801.686-0.006
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2023-09-302023-12-312024-03-312024-06-302024-09-30
Operating Income  -9,2477,114-2,133-20,670-22,80317,216-5,58713,1787,591



6.2. Latest Balance Sheet

Balance Sheet of 2024-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets1,977,495
Total Liabilities600,185
Total Stockholder Equity1,377,310
 As reported
Total Liabilities 600,185
Total Stockholder Equity+ 1,377,310
Total Assets = 1,977,495

Assets

Total Assets1,977,495
Total Current Assets355,594
Long-term Assets1,621,901
Total Current Assets
Cash And Cash Equivalents 154,730
Short-term Investments 63,994
Net Receivables 18,080
Inventory 68,268
Other Current Assets 9,478
Total Current Assets  (as reported)355,594
Total Current Assets  (calculated)314,550
+/- 41,044
Long-term Assets
Property Plant Equipment 1,434,649
Long-term Assets Other 103,866
Long-term Assets  (as reported)1,621,901
Long-term Assets  (calculated)1,538,515
+/- 83,386

Liabilities & Shareholders' Equity

Total Current Liabilities117,370
Long-term Liabilities482,815
Total Stockholder Equity1,377,310
Total Current Liabilities
Short Long Term Debt 197
Accounts payable 49,719
Total Current Liabilities  (as reported)117,370
Total Current Liabilities  (calculated)49,916
+/- 67,454
Long-term Liabilities
Long term Debt 206,190
Capital Lease Obligations Min Short Term Debt26,724
Long-term Liabilities Other 6,025
Long-term Liabilities  (as reported)482,815
Long-term Liabilities  (calculated)238,939
+/- 243,876
Total Stockholder Equity
Total Stockholder Equity (as reported)1,377,310
Total Stockholder Equity (calculated)0
+/- 1,377,310
Other
Capital Stock1,976,695
Common Stock Shares Outstanding 301,721
Net Debt 51,657
Net Invested Capital 1,583,697
Net Working Capital 238,224
Property Plant and Equipment Gross 2,671,809



6.3. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-31
> Total Assets 
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
1,976,355
1,955,708
1,987,039
1,977,495
1,977,4951,987,0391,955,7081,976,3551,952,3552,013,9831,983,6032,110,0092,053,1062,034,7552,133,4182,124,9892,051,4882,032,3301,234,6981,237,5171,189,2251,019,8371,041,4571,027,9241,002,335972,210967,605
   > Total Current Assets 
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
309,057
279,413
341,903
355,594
355,594341,903279,413309,057298,262362,800325,371370,289315,994336,257351,085397,207400,123409,242329,738356,046344,142192,894224,018242,979204,615190,152189,183
       Cash And Cash Equivalents 
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
125,581
102,069
152,173
154,730
154,730152,173102,069125,581138,335160,235104,774151,438148,819117,721192,801237,926192,810227,109201,684238,578232,43695,230145,187169,009118,62494,53991,457
       Short-term Investments 
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
62,380
51,939
58,403
63,994
63,99458,40351,93962,38055,10952,11369,28834,52813,76815,95328,07926,48623,48237,81828,88936,32033,62016,6596,9106,5066,4466,3967,754
       Net Receivables 
6,136
6,645
6,155
3,503
2,804
1,506
5,134
4,271
3,780
8,989
5,540
7,729
10,377
6,573
5,788
8,598
6,814
5,259
9,132
10,099
7,610
14,224
18,080
18,08014,2247,61010,0999,1325,2596,8148,5985,7886,57310,3777,7295,5408,9893,7804,2715,1341,5062,8043,5036,1556,6456,136
       Inventory 
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
63,690
67,688
68,487
68,268
68,26868,48767,68863,69060,56357,94871,05464,76163,01066,61265,36860,61371,76052,22336,07932,51230,52043,53933,41430,51730,44228,70627,358
   > Long-term Assets 
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
1,667,298
1,676,295
1,645,136
1,621,901
1,621,9011,645,1361,676,2951,667,2981,654,0931,651,1831,658,2321,739,7201,737,1121,698,4981,782,3331,727,7821,651,3651,623,088904,960881,470845,083826,943817,439784,945797,720782,058778,422
       Property Plant Equipment 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,575,733
1,539,108
1,430,137
1,430,046
1,436,311
1,432,413
1,434,637
1,431,476
1,434,649
1,434,6491,431,4761,434,6371,432,4131,436,3111,430,0461,430,1371,539,1081,575,73300000000000000
       Long-term Assets Other 
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
125,573
127,236
117,509
103,866
103,866117,509127,236125,573118,990117,304131,062125,193101,18897,488131,383115,01266,99766,9920000817,439784,945797,720782,058778,422
> Total Liabilities 
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
618,235
615,754
613,026
600,185
600,185613,026615,754618,235612,774637,676653,003698,711708,534670,489695,423714,018659,083632,694375,551387,281383,024374,831395,417365,603335,332331,839334,310
   > Total Current Liabilities 
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
120,138
119,862
111,965
117,370
117,370111,965119,862120,138100,463125,606140,791167,399167,842136,431156,668172,822137,646132,96796,903101,62677,46278,65084,19271,85355,40960,70158,305
       Short-term Debt 
444
1,252
433
1,175
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000001,1754331,252444
       Short Long Term Debt 
444
1,252
293
1,175
317
1,060
342
1,092
359
1,100
383
69
266
464
193
431
181
395
196
426
177
395
197
197395177426196395181431193464266693831,1003591,0923421,0603171,1752931,252444
       Accounts payable 
18,349
20,817
18,183
23,984
23,981
12,291
16,434
49,897
42,026
66,194
71,156
72,448
71,033
71,360
74,419
71,094
69,520
58,527
41,003
48,165
46,821
46,674
49,719
49,71946,67446,82148,16541,00358,52769,52071,09474,41971,36071,03372,44871,15666,19442,02649,89716,43412,29123,98123,98418,18320,81718,349
       Other Current Liabilities 
0
0
0
0
21,672
11,420
3,881
1
4,449
0
0
0
0
8,163
7,832
16,278
6,312
6,354
0
0
0
0
0
000006,3546,31216,2787,8328,16300004,44913,88111,42021,6720000
   > Long-term Liabilities 
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
498,097
495,892
501,061
482,815
482,815501,061495,892498,097512,311512,070512,212531,312540,692534,058538,755541,196521,437499,727278,648285,655305,562296,181311,225293,750279,923271,138276,005
       Long term Debt 
149,781
151,366
152,994
154,643
146,305
138,580
140,145
141,733
143,314
154,665
186,390
181,108
183,225
185,394
217,589
209,811
212,059
214,329
216,638
218,980
221,372
223,760
206,190
206,190223,760221,372218,980216,638214,329212,059209,811217,589185,394183,225181,108186,390154,665143,314141,733140,145138,580146,305154,643152,994151,366149,781
       Capital Lease Obligations 
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
36,702
34,406
31,090
26,724
26,72431,09034,40636,70238,04039,95042,74737,58339,33839,86838,56839,86136,74136,84019,21620,57519,15420,39621,41121,9369,9208,5059,134
       Long-term Liabilities Other 
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
5,592
6,081
6,235
6,025
6,0256,2356,0815,5926,1827,2076,7375,6556,7486,7166,5915,7976,2826,0115,5035,4064,8144,4683,8984,6754,2044,1643,985
> Total Stockholder Equity
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
1,358,120
1,339,954
1,374,013
1,377,310
1,377,3101,374,0131,339,9541,358,1201,339,5811,376,3071,330,6001,411,2981,344,5721,364,2661,437,9951,410,9711,392,4051,399,636859,147850,236806,201645,006646,040662,321667,003640,371633,295
   Common Stock00000000000000000000000
   Retained Earnings Total Equity00000000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000000
   Capital Surplus 00000000000000000000000
   Treasury Stock00000000000000000000000
   Other Stockholders Equity 00000000000000000000000



6.4. Balance Sheets

Currency in USD. All numbers in thousands.




6.5. Cash Flows

Currency in USD. All numbers in thousands.




6.6. Income Statements

Currency in EUR. All numbers in thousands.


6.7. Latest Income Statement

Income Statement (annual), 2023-12-31. Currency in USD. All numbers in thousands.

Gross Profit (+$)
totalRevenue576,385
Cost of Revenue-550,743
Gross Profit25,64225,642
 
Operating Income (+$)
Gross Profit25,642
Operating Expense-633,042
Operating Income-56,657-607,400
 
Operating Expense (+$)
Research Development-
Selling General Administrative50,380
Selling And Marketing Expenses-
Operating Expense633,04250,380
 
Net Interest Income (+$)
Interest Income6,510
Interest Expense-15,249
Other Finance Cost-2,706
Net Interest Income-11,445
 
Pretax Income (+$)
Operating Income-56,657
Net Interest Income-11,445
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-195,91571,156
EBIT - interestExpense = -15,249
-135,112
-119,863
Interest Expense15,249
Earnings Before Interest and Taxes (EBIT)--180,666
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-195,915
Tax Provision--60,803
Net Income From Continuing Ops-135,112-135,112
Net Income-135,112
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-127,81311,445
 

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 71.4% 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 (71.4%) Bearish trend (-71.4%)
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 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 6.9965 < 7.4711 < 7.6168.

The bearish price targets are: 5.678 > 5.3838 > 5.128.

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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 12/14.
The longshort score for the Moving Averages is 10/(-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 lower 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 higher 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 higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher 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 -0.01830629.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-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 below the zero line (centerline), it indicates a bearish signal for First Majestic Silver Corp. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the First Majestic Silver Corp price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -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 16.91.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-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 up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
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 5.716.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
First Majestic Silver Corp Daily Parabolic SAR Chart
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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 54.18. 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 Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • 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 87.25.

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 13.69.

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 -20.65217391.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that First Majestic Silver Corp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
First Majestic Silver Corp Daily Williams %R ChartFirst Majestic Silver Corp Daily Williams %R Chart
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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 0.21567604.

First Majestic Silver Corp Daily Average True Range (ATR) ChartFirst Majestic Silver Corp Daily Average True Range (ATR) Chart
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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 17,691.

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 10.82.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
First Majestic Silver Corp Daily Money Flow Index (MFI) ChartFirst Majestic Silver Corp Daily Money Flow Index (MFI) Chart
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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
2024-07-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-31CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-08-01STOCH 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
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-05STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-08-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-08-12STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-08-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-08-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-08-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-08-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-08-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-08-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-09-02MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-09-03WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-09-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-09-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI 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).
2024-09-10RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-09-11ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-09-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI 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).
2024-09-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-09-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-09-24MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-09-25STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-09-27ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-09-30ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-04STOCH 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-07STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-10-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-15WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-10-16STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-17STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-18STOCH 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).
2024-10-22ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-30STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-31ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-11-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-11-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-11-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-11-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-11-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-13MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-11-14ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-11-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-11-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-11-25STOCH 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).
2024-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-29STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-12-02CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-12-03STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-12-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-12-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-12-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-12-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI 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.
CMO LONG ENTRY SHORT CLOSEZero line 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).
2024-12-10ATR SHORT ENTRY LONG CLOSEPrice closed below (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 than5054.182
Ma 20Greater thanMa 506.007
Ma 50Greater thanMa 1006.199
Ma 100Greater thanMa 2005.641
OpenGreater thanClose6.096
Total2/5 (40.0%)
Penke
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