First Majestic Silver's stock was trading at $6.57 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. At the La Encantada Silver Mine: * During the quarter, La Encantada processed 261,425 tonnes of ore and produced 978,416 ounces of silver, or approximately 92% above the previous quarter and the second highest quarterly production since 2014. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. * A new contractor camp for over 100 workers is being constructed at San Dimas to support the high-intensity grinding (“HIG”) mill installation and plant modernization programs. Learn more about Zacks Equity Research reports. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

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* A total of 14 drill rigs, consisting of three surface rigs and 11 underground rigs, were active at the end of the quarter.

(Econ), CPA, CA, Chief Financial Officer, Start Your Risk-Free Trial Subscription Here, The Diagnosis for Quest Diagnostics: Strong Growth Ahead. Can Winnebego (NYSE:WGO) Recover From The Post-Earings Blues? The scores are based on the trading styles of Value, Growth, and Momentum. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

All statements other than statements of historical fact may be forward‐looking statements. View our earnings forecast for First Majestic Silver. As of September 30th, there was short interest totaling 42,990,000 shares, an increase of 20.1% from the September 15th total of 35,790,000 shares. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. The mining company had revenue of $34.90 million for the quarter, compared to analyst estimates of $55.22 million. First Majestic Silver has only been the subject of 3 research reports in the past 90 days. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. ), First Majestic Silver has received 419 “underperform” votes. Zacks Sector Rank Education -- Learn more about the Zacks Sector Rank. in the Information. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. * Silver and gold recoveries during the quarter averaged 95% and 96%, respectively. View which stocks have been most impacted by COVID-19. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606.

First Majestic Silver has received 50.48% “underperform” votes from our community. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: the duration and effects of the coronavirus and COVID-19, and any other pandemics on our operations and workforce, and the effects on global economies and society, risks related to the integration of acquisitions; actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; accidents; labour relations; relations with local communities; changes in national or local governments; changes in applicable legislation or application thereof; delays in obtaining approvals or financing or in the completion of development or construction activities; exchange rate fluctuations; requirements for additional capital; government regulation; environmental risks; reclamation expenses; outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in the Company's most recent Annual Information Form, available on www.sedar.com, and Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C. These statements speak only as of the date hereof.

According to analysts' consensus price target of $9.94, First Majestic Silver has a forecasted downside of 8.6% from its current price of $10.87. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.

A sector with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

La Encantada is now expected to fully recover its lost silver ounces due to the COVID-19 shutdown by year-end. View First Majestic Silver Corp AG investment & stock information.

Looking for new stock ideas? Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward‐looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if the property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. * A total of two drill rigs, consisting of one surface rig and one underground rig, were active at the end of the quarter. The Zacks Rank has been called the Billion Dollar Secret.

Zacks Rank Education -- Learn more about the Zacks Rank (0.01%), CWM LLC (0.00%) and North Star Investment Management Corp. (0.00%). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Fundamental company data provided by Morningstar and Zacks Investment Research. AG stock was purchased by a variety of institutional investors in the last quarter, including Veracity Capital LLC, Envestnet Asset Management Inc., Resources Investment Advisors LLC., CWM LLC, and Clean Yield Group. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. Vote “Underperform” if you believe AG will underperform the S&P 500 over the long term. Click here to watch the full series. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Get short term trading ideas from the MarketBeat Idea Engine.