First Majestic Silver’s $8.05 Price Is Worthwhile

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First Majestic Silver ($TSX:FR) is a Canadian-based mining company that focuses on the production of silver. The company has mines in Mexico and Canada, and its shares are listed on the Toronto Stock Exchange. First Majestic Silver’s share price is currently $8.05.

First, the company has a strong track record of delivering shareholder value. Second, the company is well-positioned for continued growth. First Majestic Silver has a large and growing reserve base, and it is expecting to ramp up production at its new San Dimas mine in Mexico. The company is a proven performer, it has significant growth potential, and it is a low-cost producer with a strong balance sheet.

Price History

First Majestic Silver’s $8.05 Price Is Worthwhile: So far media exposure is positive and on Thursday, the stock opened at CA$10.9 and closed at CA$11.1, up by 0.5% from prior closing price of 11.0. Although there has been some recent negativity, the company’s long-term prospects remain strong. The market is still underestimating First Majestic Silver and its current price presents a good opportunity to buy into the company.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on FIRST MAJESTIC SILVER are made simple by VI app. According to VI Star Chart FIRST MAJESTIC SILVER is strong in growth, medium in asset, dividend and weak in profitability. FIRST MAJESTIC SILVER has an intermediate health score of 6/10 with regard to its cashflows and debt, is likely to sustain future operations in times of crisis. FIRST MAJESTIC SILVER is classified as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. What type of investors may interested in such company? Growth investors may be interested in FIRST MAJESTIC SILVER as it is strong in growth.

However, the company’s weak profitability means that it may be less stable than other companies. Therefore, investors should carefully consider the risks before investing.

VI Peers

Its competitors are Fortuna Silver Mines Inc, Pan American Silver Corp, and Kuya Silver Corp.

– Fortuna Silver Mines Inc ($TSX:FVI)

Fortuna Silver Mines Inc is a Canadian precious metals mining company with operations in Mexico and Peru. The company has a market capitalization of $1.05 billion and a return on equity of 4.66%. Fortuna Silver Mines is focused on the production of silver and gold. The company’s flagship asset is the Caylloma silver-gold mine in southern Peru, which has been in operation since 2002. Fortuna Silver also operates the San Jose silver-gold mine in Mexico, which began production in 2011.

– Pan American Silver Corp ($TSX:PAAS)

Pan American Silver Corp is a silver mining company with operations in Mexico, Peru, Bolivia, and Argentina. It has a market cap of 4.41B as of 2022 and a Return on Equity of 0.95%. The company produces silver, gold, lead, and zinc.

– Kuya Silver Corp ($OTCPK:KUYAF)

The company’s market cap is 15.53M as of 2022 and ROE is -27.34%. The company is engaged in the business of precious metal mining and exploration. It has a portfolio of properties in the United States, Canada and Mexico. The company’s primary focus is on the development of its flagship property, the Cerro Bayo silver-gold mine in Chile.

Summary

Investing in First Majestic Silver is a worthwhile endeavor for many reasons. In addition, First Majestic Silver has a strong financial position, with a strong balance sheet and plenty of cash on hand. Finally, the company’s share price is currently trading at a discount to its intrinsic value, making it an attractive investment option.