![]() Despite its robust operations, the company's financial health may be weak, as suggested by its low Altman Z-Score. A Closer Look at First Majestic Silver Corp ( NYSE:AG)įirst Majestic Silver Corp is a company primarily engaged in the production, development, exploration, and acquisition of mineral properties, focusing on silver and gold production in North America. A score below 1.8 suggests a high likelihood of financial distress, while a score above 3 indicates a low risk. Altman in 1968, is a financial model predicting the probability of a company entering bankruptcy within a two-year time frame. The Altman Z-score, invented by New York University Professor Edward I. This indicator suggests that First Majestic Silver, despite its apparent undervaluation, might be a potential value trap. ![]() These risks are primarily reflected through its low Altman Z-score of 1.29. However, there are certain risk factors associated with First Majestic Silver that should not be overlooked. Is First Majestic Silver (AG) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap This is calculated based on historical multiples that the stock has traded at, GuruFocus adjustment factor based on the company's past returns and growth, and future estimates of the business performance. The GF Value Line on our summary page provides an overview of the fair value at which the stock should be traded. The GF Value represents the current intrinsic value of a stock, derived from our exclusive method. This page (TSE:FR) was last updated on by Staff. The official website for the company is The mining company can be reached via phone at +033. Warning! GuruFocus has detected 4 Warning Signs with AG. First Majestic Silver's mailing address is 925 Georgia St W Suite 1805, VANCOUVER, BC V6C 3L2, Canada. (NYSE: AG) (TSX: FR) (the Company or First Majestic) is pleased to announce that it has closed its. This article will delve into the financial health and potential risks associated with First Majestic Silver, offering valuable insights for informed investment decisions. August 14, 2023) - First Majestic Silver Corp. Despite its seemingly attractive valuation, it's crucial to conduct a thorough analysis before making an investment decision. One such stock that warrants consideration is First Majestic Silver Corp ( NYSE:AG). The company is pausing operations at its Jerritt Canyon mining operation. Value-oriented investors are constantly seeking stocks priced below their intrinsic value. First Majestic Silver ( AG) stock is dropping on a mining update.
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