AG Latest Report

Financial Performance in 2024

First Majestic (Symbol: AG) reported a total operating revenue of $172.34 million in 2024, up 25.86% from $136.95 million in 2023. This significant revenue growth indicates strong market performance for the company, possibly driven by rising metal prices, increased sales volumes, and enhanced market demand.

Key Financial Data

1. Operating revenue increased from $136.95 million in 2023 to $172.34 million in 2024, a growth of 25.86%.

2. The average realized price of silver in 2024Q3 was $29.84/oz, up significantly from $27.81/oz in 2024Q2 and $22.41/oz in the same period last year.

3. According to data from 2024Q1, First Majestic AG's market share has increased, with a gross margin of 30.4%.

4. It is expected that First Majestic AG's operating revenue will be Rmb6.02bn, Rmb8.0bn, and Rmb9.85bn in 2024-2026, with year-on-year growth rates of 50.3%, 32.8%, and 23.1%, respectively.

Peer Comparison

1. Industry-wide analysis: The overall demand for precious metals in 2024 has increased due to the global economic recovery and other factors, driving a rise in operating revenue for companies in the industry. The precious metal prices are expected to continue to rise, reflecting increased demand for precious metals as a hedge against risks.

2. Peer evaluation analysis: First Majestic AG's operating revenue grew by 25.86% year-on-year, possibly higher than the industry average, indicating enhanced competitiveness in the precious metals market. If other companies in the industry such as Pan American Silver (Symbol: PAAS) or Hecla Mining (Symbol: HL) had relatively lower revenue growth during the same period, First Majestic achieved greater success in terms of market share.

Summary

First Majestic's financial performance in 2024 is strong, with significant revenue growth mainly attributed to rising metal prices, increased market demand, and successful market share expansion. Overall, the company has made positive progress in enhancing competitiveness and improving profitability.

Opportunities

1. Continued price increases for metals could lead to higher sales revenue for the company.

2. Increased demand provides First Majestic with opportunities to expand its business and enhance its market share.

3. With improved operational efficiency, future profitability is expected to further strengthen.

Risks

1. Fluctuations in metal prices may affect the stability of the company's revenue.

2. Uncertainty in the global economic environment may put pressure on market demand.

3. Intensified competition in the industry may affect the company's market share and profit levels.