Subscribe Now - Click Here:       1 Year for only $149   or   3 months for $99

Category: Mid-tier Producer
Rating: 2.50   (Likely 3 Bagger as of 05/28/2017)
Risk: Moderate
First Majestic Silver Corp
www: www.firstmajestic.com     email: info@firstmajestic.com

Profile
Notes
Forum
Your Data

Price Data

Symbol Date Price Change 52 Wk Range Volume
NYSE:AG 10/20/2017 USD 7.00 -0.01 10.92 - 5.92 2,217,230
TSE:FR 10/20/2017 CAD 8.8300 0.0600 14.3600 - 7.5100 645,065
Alert me when stock is updated

Don's Summary (from last analysis - 02/12/2017)

First Majestic Silver is a large silver producer in Mexico. They have 6 producing mines at 12.5 million oz of silver with 100 million oz of reserves and 300 million oz of resources. Their silver production total is expected to reach 18 million oz by 2021. They have $120 million in cash and cash equivalents, and no debt. Their all-in costs for 2017 should be around $13 per oz, with cash costs about $6.50 per oz. Their low cash costs have been driving the stock higher. It jumped from $3 to $18 in 2016, but has subsequently dropped down $10.60. They now have a FD market cap of $1.8 billion.

At $100 silver, I expect them to reach $800 million in cash flow. If they get valued at 10x cash flow, that would make First Majestic a potential 3 bagger. That's not very much upside potential. However, if they get valued at 20x cash flow, then it could be a 6 bagger. That wouldn't shock me. They could also grow through acquisitions, which is likely. Their CEO is the one of the best in the business and he likes acquisitions.

General Details

Financial 02/12/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (Fully Diluted): $1,865.60M $1,232.00M 02/12/2017 $-633.60M
Total Assets: $750.00M $750.00M 02/12/2017 $0.00M
Total Liabilities: $73.00M $73.00M 02/12/2017 $0.00M
Current Assets: $122.00M $122.00M 02/12/2017 $0.00M
Current Liabilities: $73.00M $73.00M 02/12/2017 $0.00M
Total Debt: $0.00M $0.00M 02/12/2017 $0.00M
Cash: $122.00M $122.00M 02/12/2017 $0.00M
Enterprise Value: $1,743.60M $1,110.00M 03/05/2005 $-633.60M
Cash Flow: $38.85M $30.10M never $-8.75M
Cash Flow Multiple: 48.02 40.93 never -7.09
Net Debt to Cash Flow Ratio: n/a n/a never 0.00
Finance within 1 year: 02/12/2017 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 02/12/2017 0.00%
Misc 02/12/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Share Price: $10.600 $7.000 16:10 on 10/20/2017 $-3.60
Shares Outstanding: 164,000,000 164,000,000 02/12/2017 0
Shares Fully Diluted: 176,000,000 176,000,000 02/12/2017 0
Insider Ownership: n/a 3% 05/28/2017 3%
Company Type: Mostly Silver Mostly Silver never n/a
Production ETA: n/a n/a 02/12/2017 n/a
Production (Gold Eq Oz.): (guess) 
181,873
(guess) 
165,961
02/12/2017 -15,912
Production (Silver Eq Oz.): (guess) 
12,500,000
(guess) 
12,500,000
02/12/2017 0
Initial CapEx (Outstanding): n/a n/a 02/12/2017 n/a
Funding Option: n/a n/a 02/12/2017 n/a
Documentation: none PRODUCER 05/28/2017 n/a
Value Adjustment: 100% 100% never 0%

Resource Data

GOLD 02/12/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 02/12/2017 0.00M
Measured & Indicated: n/a n/a 02/12/2017 0.00M
Inferred: n/a n/a 02/12/2017 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 02/12/2017 0.00M
Measured & Indicated: n/a n/a 02/12/2017 0.00M
Inferred: n/a n/a 02/12/2017 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 02/12/2017 $0.00
Extra Operating Cost: n/a n/a 02/12/2017 $0.00
Average Grade: n/a n/a 02/12/2017 n/a
Recovery Rate: n/a n/a 02/12/2017 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 02/12/2017 0.00M
Annual Production: n/a n/a 02/12/2017 n/a
Cash Cost: n/a n/a 02/12/2017 n/a
Extra Operating Cost: n/a n/a 02/12/2017 n/a
SILVER 02/12/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 100.00M 100.00M 02/12/2017 0.00M
Measured & Indicated: 115.00M 115.00M 02/12/2017 0.00M
Inferred: 185.00M 185.00M 02/12/2017 0.00M
Reserves & Resources: 300.00M 300.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 90.00M 90.00M 02/12/2017 0.00M
Measured & Indicated: 100.80M 100.80M 02/12/2017 0.00M
Inferred: 83.25M 83.25M 02/12/2017 0.00M
Reserves & Resources: 184.05M 184.05M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
12,500,000oz.
(guess) 
12,500,000oz.
02/12/2017 0oz.
Cash Cost: $7 $7 02/12/2017 $0.00
Extra Operating Cost: $7 $7 02/12/2017 $0.00
Average Grade: 150.00 g/t 150.00 g/t 02/12/2017 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 05/28/2017 0.00%
F
U
T
U
R
E
Proven & Probable: 250.00M 250.00M 02/12/2017 0.00M
Annual Production: 18,000,000oz. 18,000,000oz. 02/12/2017 0oz.
Cash Cost: $9 $9 02/12/2017 $0
Extra Operating Cost: $7 $7 02/12/2017 $0

Property

Last Analysis Data  (02/12/2017)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Boquillas Del Cármen, Mexico La Encantada 100% n/a n/a n/a
Production San Jose De La Prrilla, Mexico La Parrilla 100% n/a n/a n/a
Production San Martin De Bolanos, Mexico San Martin 100% n/a n/a n/a
Production Hermosillo, Sonora, Mexico Santa Elena 100% n/a n/a show
Expansion scheduled for 2014.
Development Chalchihuites, Mexico Del Toro 100% 1 n/a show
1 of 5 long life producing mines. Number 6 is under development.
Exploration Mexico Cruz de Mayo 100% n/a n/a n/a
Exploration Durango, Mexico La Joya 100% (guess) n/a n/a show
$141 million capex.

2 million oz of annual silver production planned.
Exploration Matehuala, Mexico La Luz 100% n/a n/a n/a
Exploration El Salvador El Zapote 100% n/a n/a n/a
Total Land Package Size (ha): 1  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Boquillas Del Cármen, Mexico La Encantada 100% n/a n/a n/a
Production San Jose De La Prrilla, Mexico La Parrilla 100% n/a n/a n/a
Production San Martin De Bolanos, Mexico San Martin 100% n/a n/a n/a
Production Hermosillo, Sonora, Mexico Santa Elena 100% n/a n/a show
Expansion scheduled for 2014.
Development Chalchihuites, Mexico Del Toro 100% 1 n/a show
1 of 5 long life producing mines. Number 6 is under development.
Exploration Mexico Cruz de Mayo 100% n/a n/a n/a
Exploration Durango, Mexico La Joya 100% (guess) n/a n/a show
$141 million capex.

2 million oz of annual silver production planned.
Exploration Matehuala, Mexico La Luz 100% n/a n/a n/a
Exploration El Salvador El Zapote 100% n/a n/a n/a
Total Land Package Size (ha): 1  

Profitability (by resource)

Proven &
Probable
02/12/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: 100.00% 100.00% n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a -0.13M
Total (Silver Eq. Oz.): 100.00M 100.00M n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a -0.11M
Silver Eq. Oz.: 90.00M 90.00M n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): $559.44M $433.44M n/a $-126.00M
Total Maximum Profit: $559.44M $433.44M n/a $-126.00M
Max Profit / Current MCap: 0.300 0.352 n/a 0.052
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): $3.18 $2.46 n/a $-0.72
Total Max Profit Per Share: $3.18 $2.46 n/a $-0.72
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $1,424.68 $1,031.03 n/a $-393.65
FD Mkt. Cap / Silver Eq.: $20.73 $13.69 n/a $-7.04
FD Mkt. Cap / Per Metal
as % Spot Price:
115.55% 80.81% n/a -34.74%
Measured &
Indicated
02/12/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: 100.00% 100.00% n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a -0.15M
Total (Silver Eq. Oz.): 115.00M 115.00M n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a -0.13M
Silver Eq. Oz.: 100.80M 100.80M n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): $626.57M $485.45M n/a $-141.12M
Total Maximum Profit: $626.57M $485.45M n/a $-141.12M
Max Profit / Current MCap: 0.336 0.394 n/a 0.058
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): $3.56 $2.76 n/a $-0.80
Total Max Profit Per Share: $3.56 $2.76 n/a $-0.80
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $1,272.03 $920.56 n/a $-351.47
FD Mkt. Cap / Silver Eq.: $18.51 $12.22 n/a $-6.29
FD Mkt. Cap / Per Metal
as % Spot Price:
103.17% 72.15% n/a -31.02%

Reserves &
Resources
02/12/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: 100.00% 100.00% n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a -0.38M
Total (Silver Eq. Oz.): 300.00M 300.00M n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a -0.23M
Silver Eq. Oz.: 184.05M 184.05M n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): $1,144.05M $886.38M n/a $-257.67M
Total Maximum Profit: $1,144.05M $886.38M n/a $-257.67M
Max Profit / Current MCap: 0.613 0.719 n/a 0.106
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): $6.50 $5.04 n/a $-1.46
Total Max Profit Per Share: $6.50 $5.04 n/a $-1.46
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $696.66 $504.17 n/a $-192.49
FD Mkt. Cap / Silver Eq.: $10.14 $6.69 n/a $-3.44
FD Mkt. Cap / Per Metal
as % Spot Price:
56.50% 39.51% n/a -16.99%

Future Valuation (Cash Flow & Totals)

Totals 02/12/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
C
U
R
R
E
N
T
R & R Valuation: $495.28M $467.67M n/a $-27.61M
Mkt. Cap: $1,865.60M $1,232.00M n/a $-633.60M
Annual Gold Production: n/a n/a 0oz.
Annual Silver Production: (guess) 
12,500,000oz.
(guess) 
12,500,000oz.
02/12/2017 0oz.
F

U

T

U

R

E
FD Mkt. Cap: $7,500.00M $7,500M n/a $0M
FD Mkt. Cap Growth: 302% 509% n/a 207%
Annual
Production
Gold: n/a n/a n/a n/a
Silver: 18,000,000 oz. 18,000,000 oz. n/a 0 oz.
Current FD
Mkt. Cap /
Gold Eq. Reserves: 186.56 123.20 n/a -63.36
Silver Eq. Reserves: 7.46 4.93 n/a -2.53
Gold Eq. Production: 2,591.11 1,711.11 n/a -880.00
Silver Eq. Production: 103.64 68.44 n/a -35.20
P&P
Reserves
(oz.)
Gold: n/a n/a 02/12/2017 n/a
Silver: 250.00M 250.00M 02/12/2017 n/a
Gold Eq.: 10.00M 10.00M 02/12/2017 n/a
Silver Eq.: 250.00M 250.00M 02/12/2017 n/a
P&P Reserves
per FD
Share (oz.)
Gold: n/a n/a n/a n/a
Silver: 1.420 1.420 n/a n/a
Gold Eq.: 0.057 0.057 n/a n/a
Silver Eq.: 1.420 1.420 n/a n/a
Cash Flow 02/12/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Current: $38.85M $30.10M n/a $-8.75M
Current Multiple: 48.02 40.93 n/a -7.09
F
U
T
U
R
E
@ current prices: $41.90M $20.30M n/a $-21.60M
Multiple @ current prices: 44.52 60.68 n/a 16.16
Growth @ current prices: 7.86% -32.54% n/a -0.40
@ future prices: $1,814.40M $1,814.40M n/a $0.00M
Multiple @ future prices: 1.03 0.68 n/a -0.35
Growth @ future prices: 5,927.91% 5,927.91% n/a 13.58

Defaults

We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×