How profitable is First Majestic Silver Corp. (Canada) (AG)?

In Trailing 12 Months, AG converted $4.0B of revenue into a 52% gross margin, 13.9% operating margin, and $155.4M in free cash flow (3.9% FCF margin).

Stock Ratings / Materials / AG / financials

EGO (53) SBSW (52) BTG (56) OR (46) ⌘ Pro Terminal →

First Majestic Silver Corp. (Canada) (AG) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$14.32 +0.42% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $14.30

First Majestic Silver Corp. (Canada) (AG) carries a Roarable Rating of D+ (Sell) with 53/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 53/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.9% avg 90D alpha vs SPY) →

ROARABLE D+ • SELL / AVOID Cap $7.03B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on AG Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is AG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, First Majestic Silver Corp. (Canada) (NYSE: AG) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 53/100 at a spot price of $14.32 (+0.42% 1D, market cap $7.03B). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 5/20, Executive Insider Alignment 16/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 12/20. Across 270 tracked Materials issuers, AG ranks #74 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does AG compare to EGO and SBSW in the Materials sector?

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Within the Materials sector (Precious Metals), AG carries a Roarable D+ (53/100 RQD), trailing P/E of 32.8x, gross margin of —, and ROIC of 9.9%. By comparison, EGO (Eldorado Gold Corporation) holds a D+ grade (53/100 RQD, P/E 32.8x, ROIC 9.9%, cap $8.00B) and SBSW (D/B/A Sibanye-Stillwater Limited ADS) posts a D+ grade (52/100 RQD, P/E 32.8x, ROIC 9.9%, cap $6.08B). Among the 5-stock peer group, AG leads on earnings multiple (32.8x) while AG leads on capital efficiency (9.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for AG?

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For First Majestic Silver Corp. (Canada) (AG), key quantitative strengths include Clean SEC annual filing review with no major hidden accounting time-bombs. and sector rank #74 in Materials, while primary risk factors center on Sensitive to high interest rates and tighter Federal Reserve market liquidity. and implied 5-year growth hurdle of 25.3%/yr. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $14.30 (-0.11%)🧬 Cannibal Buyback (-1.24% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 3.9% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 53/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.9% avg 90D alpha vs SPY • 50.6% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk C-

Each axis scored 0–20

12M PRICE TARGET CONE-2.2% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for AG)Realized 20D OHLCV Swing Band: ±8.3%

Deterministic 5-Pillar Attribution (53/100 Composite)

🔍 WHY AG SCORES 53/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+16/20 pts (30% of score)

Altman Z-Score 3.74 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 8/9

▲ #2 Bullish Driver: Cash Engine Quality+12/20 pts (23% of score)

SEC XBRL Trailing 12 Months: 3.9% FCF Margin ($155.4M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning5/20 pts (-15 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-15 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$15.25+5.5% Next Q

Q2 (-2Q)

Grade C$16.09-1.8% Next Q

Q3 (-1Q)

Grade C$15.80-9.4% Next Q

Current

Grade D+$14.32-0.9% Hist 90D α

Trajectory: C (61) → D+ (53)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a AG Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While AG currently carries a cautious 53/100 (D+) rating due to Whale & Options Positioning (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Clean SEC annual filing review with no major hidden accounting time-bombs.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($17.90) and Max Pain ($15.04) forces dealer call-delta covering toward $33.64.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Cannibal Buyback (-1.24% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $AG• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “AG Beats Next Quarter EPS Consensus (Upcoming Quarter) & Holds Above 200D SMA”

YES 53%NO 47%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • Trailing 12 Months

How AG Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$155.4M (3.9% FCF Margin)

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring AG)

✓Walkthrough of AG's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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AG // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -26.11%🛡️ HOLDING TREND SUPPORT

2026-11-03O $15.33H $15.33L $14.26C $14.32VOL 12.07M

RES: $22.90SUP: $13.92SMA50: $17.90SMA200: $19.92

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

AG Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 AG Butterfly Map → + Track AG →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

25.3%/yr Implied 5Y Growth

vs. +20.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on AG today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for AG. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for AG today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (AG)

Materials Rank #74 of 270 ⚔️ EGO vs AG Full Matrix →

1. Head-to-Head Materials Peer Comparison (AG vs. EGO, SBSW, BTG, OR)

Industry: Precious Metals (74 Tracked Issuers)

Across 270 tracked Materials securities in the Roarable RQD universe, First Majestic Silver Corp. (Canada) (AG) ranks #74 by composite RQD confidence (53/100, grade D+) and #57 by equity capitalization ($7.03B). Within this direct 5-issuer industry benchmark cohort, AG leads on earnings valuation at 32.8x trailing P/E, while AG leads on capital efficiency and profitability with 9.9% ROIC and — gross margin. BTG currently holds the highest overall quantitative score in the immediate peer group at 56/100 (D+) compared with AG at 53/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
AG ACTIVE First Majestic Silver Corp. (Canada)	D+	53/100	32.8x	—	9.9%	+0.42%	$7.03B	Benchmark Subject
EGO Eldorado Gold Corporation	D+	53/100	32.8x	—	9.9%	+5.36%	$8.00B	/ego-vs-ag →
SBSW D/B/A Sibanye-Stillwater Limited ADS	D+	52/100	32.8x	—	9.9%	+1.75%	$6.08B	/sbsw-vs-ag →
BTG B2Gold Corp (Canada)	D+	56/100	32.8x	—	9.9%	+3.70%	$6.08B	/btg-vs-ag →
OR OR Royalties Inc.	D	46/100	—	—	—	+3.02%	$5.97B	/or-vs-ag →

2. AG Fundamental Profitability, Capital Efficiency & Balance-Sheet Forensics

TRAILING 12M & FORWARD QUANTITATIVE SNAPSHOT

First Majestic Silver Corp. (Canada) (AG) operates in Precious Metals (Materials) with an equity capitalization of $7.03B, trailing P/E of 32.8x, forward P/E of 27.6x, and EV/EBITDA of 21.0x. Operating profitability registers a gross margin of —, operating margin of 13.9%, net profit margin of 10.9%, ROIC of 9.9%, and free cash flow yield of 2.21%, alongside an Altman Z-Score of 3.74 and Piotroski F-Score of 8/9.

3. AG Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is AG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does AG compare to EGO and SBSW in the Materials sector?

What are the biggest fundamental strengths and SEC risk factors for AG?

Where is AG trading relative to its 50-day, 200-day, and 52-week technical levels?

AG last traded at $14.32 (+0.42% on volume of 11,112,472 shares), positioning the stock -20.00% below its 50-day simple moving average ($17.90) and -28.11% below its 200-day simple moving average ($19.92). Across its 52-week range of $10.19 to $32.04, AG sits at the 18.9% percentile with a 14-day RSI of 36.0 (NEUTRAL RANGE) and an implied next-earnings move of ±8.3% ($13.13 to $15.51).

Direct Sub-Reports: AG RQD Cockpit AG 12M Forecast AG Earnings & Move AG Dividends & DRIP AG Insiders & 13F AG Whale Options AG Profit Sankey AG News & Why

ROARABLE RATING BRIEF • RQD 53/100 (D+) ✓ STAGE-C NUMBER FIREWALL VERIFIED

AG — First Majestic Silver Corp. (Canada): What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T14:10:43Z

1. Roarable Rating Brief: What This Means to a Prospective Investor

AG scores 53 out of 100, a letter grade of D+, with the verdict "Roarable Sell — Weak Fundamentals / Trim." The five pillars are:

Fundamental Cash Engine: 12 / 20 (ROIC 9.9%; FCF yield 2.21%). This is the weaker side of the cash-generation picture: returns on invested capital are modest and free cash flow relative to the market price is thin.
Whale 13F Flow: 5 / 20 (institutional accumulation and options positioning). This is the lowest pillar, indicating limited institutional accumulation support in the rating's framework.
Insider Conviction: 12 / 20 (SEC Form 4 and Congressional PTR cluster flow). Insider signal is mid-range and does not offer strong confirmation either way.
Macro Regime Fit: 8 / 20 (Beta 0.98; sector sensitivity). A beta near 1.0 means the stock tracks the broad market, and the score reflects weak alignment with the current regime as the rating defines it.
Forensic Balance Sheet: 16 / 20 (Altman Z 3.74; Piotroski F 8/9; Debt/Equity 0.39). This is the strongest pillar, showing a sound balance sheet and solid financial-health indicators.

For a prospective investor, the implication is that the balance sheet is a relative strength, while cash returns, institutional flow, and macro fit are weaker. Valuation is an explicit tradeoff: the stock trades at 32.8x trailing earnings and 27.6x forward earnings, with EV/EBITDA of 21, alongside a 2.21% FCF yield. The rating's verdict is a trim signal, meaning the framework views current fundamentals as insufficient to support the price, which is an analytical conclusion rather than a recommendation.

2. Business Model, Unit Margins & SEC Financial Trajectory

First Majestic Silver Corp. Ordinary Shares (Canada) trades on the NYSE under the ticker AG.. — — —

Per the market data, operating margin is 13.9%, net margin is 10.9%, and gross margin is reported as 0%. ROIC is 9.9% and FCF yield is 2.21%. The forensic balance sheet pillar cites an Altman Z-Score of 3.74, a Piotroski F-Score of 8/9, and a Debt/Equity ratio of 0.39.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case: The forensic balance sheet scores 16 of 20 with an Altman Z of 3.74 and a Piotroski F of 8/9, indicating financial strength within the rating. With Fundamental Cash Engine at 12/20 (ROIC 9.9%, FCF yield 2.21%) and Institutional Whale Flow at 5/20, sustained execution supports upside toward the top of the $10.19 – $32.04 52-week range.
🐻 Primary Bear Case: The stock carries 32.8x trailing earnings and a 2.21% FCF yield while its institutional flow pillar scores only 5 of 20, leaving valuation weakly supported. Investors must weigh 32.8x trailing P/E and 21.0x EV/EBITDA against 13.9% operating margins and a 0.98 macro beta if sector demand softens.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Upstream and downstream dependencies, sector correlations, and 2nd-order bottlenecks cannot be identified from the source data. —

Key Question #1: What is the current analyst consensus rating and price target range?
Key Question #2: What institutional (13F) and insider (Form 4) transactions have occurred recently, and in which direction?
Key Question #3: What recent news, production, or operational catalysts could affect the company's results?

AG Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for First Majestic Silver Corp. (Canada) (AG) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to AG Debate Forum (3) ↓

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3 Silver Stocks With Market Caps Up To £17b

AI giants are pouring an estimated $828b into data centers and chips this year, and that hardware buildout quietly leans on one workhorse metal. Silver sits in everything from high end processors to solar panels that hel

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🟢 CATALYST SeekingAlpha • 3d ago

First Majestic Silver: It Needs Its Best Quarter Of The Year To Hit Guidance

First Majestic SilverÂ remains a buy for long-term silver bulls, with strong assets and a robust balance sheet.

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Can Pan American Silver Stock Jump 50%?

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How Big Could Coeur Mining Stock's Next Fall Be?

Coeur Mining (CDE) shares fell 22.4% in the month to October 19, 2026, while the S&P 500 gained 0.6%. No company news explains the drop, and peers Hecla Mining and First Majestic Silver each lost about 20% over the same

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Celestica Heads These 3 Canadian Undervalued Stocks

Global food prices face pressure from repeated supply shocks, and that matters for Canadian investors. Higher grocery and transport bills quietly punish weak businesses and reward those with strong cash generation and re

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🟡 MARKET WIRE Benzinga • 20d ago

Reported Earlier, Allied Gold Begins Ore Processing At Sadiola Phase 1 Expansion And Advances Capital Efficient Phase 2 Plans

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🟡 MARKET WIRE Yahoo • 21d ago

First Majestic Announces Temporary Suspension of NAFTA Arbitration Proceedings as Settlement Framework Agreed to with Mexico

Vancouver, British Columbia--(Newsfile Corp. - October 13, 2026) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") announces that it has agreed to suspend its NAFTA arbitra

Read Full Source ↗

🟡 MARKET WIRE Benzinga • 21d ago

First Majestic Silver Agrees To Suspend Its NAFTA Arbitration Proceedings Against The Government Of Mexico

First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE: FMV) (the "Company" or "First Majestic") announces that it has agreed to suspend its NAFTA arbitration proceedings (the "APA Arbitration")

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

AG Bull vs. Bear Conversation Board — What's Your Call at $14.32?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON AG 🐻 33% BEARISH CONVICTION

TA TapeReader_Pro Price Action & Volume Trader 🐂 BULLISH 🎯 Target: $16.83 (+18.0%)

📌 Pinned Debate

The forensic balance sheet scores 16 of 20 with an Altman Z of 3.74 and a Piotroski F of 8/9, indicating financial strength within the

Here is why I am bullish on AG here at $14.26: The forensic balance sheet scores 16 of 20 with an Altman Z of 3.74 and a Piotroski F of 8/9, indicating financial strength within the rating.. Compare AG's 13.9% operating margin and 9.9% ROIC against the rest of Precious Metals. As long as cash conversion holds up, dips toward $13.55 are getting bought.

ArenaChamp_24 🐂 BULL

@TapeReader_Pro Agree on the RQD 53/100 quality, though with 0.98 beta I'm scaling in with half-size at $14.26 and keeping dry powder in case we test $13.26.

SH ShortSeller_Dan Forensic Short Bias 🐻 BEARISH 🎯 Target: $11.98 (-16.0%)

Spot @ $14.26

The stock carries 32.8x trailing earnings and a 2.21% FCF yield while its institutional flow pillar scores only 5 of 20, leaving valuat

Careful chasing AG at $14.26. The stock carries 32.8x trailing earnings and a 2.21% FCF yield while its institutional flow pillar scores only 5 of 20, leaving valuation weakly supported.. Gross margin is 0.0%, but operating margin is 13.9%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $11.98 on multiple compression.