Loading ...Here are the key reasons why First Majestic Silver Corp. (ticker: AG) is down about 10% today:
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Silver prices are falling significantly, which hurts silver-producer stocks strongly because their profitability is very exposed to metal prices. Nasdaq+2Finviz+2
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The company missed earnings expectations: Although it posted record revenue and production, EPS came in below consensus (~$0.07 vs ~$0.11) and revenue of ~$285.1 m missed ~$311.9 m. Investing.com
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Analyst sentiment is turning more cautious: there was a downgrade/target reduction from at least one analyst and more scrutiny on outlook given metal price risk. StocksToTrade+1
If you like, I can check for any company-specific event (e.g., operational delay, major contract/issues in Mexico) today that may also be contributing.