First Majestic Silver

First Majestic Silver is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico.
  • TickerFR.
  • ISINCA32076V1031
  • ExchangeToronto Stock Exchange
  • SectorMining
  • CountryCanada

An unfavourable environment weighs on FIRST MAJESTIC SILVER, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of FIRST MAJESTIC SILVER (CA), active in the Platinum & Precious Metals industry. As regards its fundamental valuation, the title still shows 3 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date March 19, 2021, the closing price was CAD 21.27 and its target price was estimated at CAD 13.89.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Remains In Favor; Shanghai Comp Breaking Out A weakening US dollar (DXY) continues to be a major tailwind for both EM equities and the commodity Sectors. Improving price and RS trends for these risk-on areas of the market are among the many characteristics consistent with historical bull markets. Therefore, we continue to label this a bull market and we believe global equities are still in the early innings of a broad-based advance. • EM Equities. Price action has remained weak for the US dollar (DXY), which has been great news for EM equities. As outlined in our 12/19/19 Int'l Compass ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Weakening Dollar, Strengthening Commodities We continue to see increasingly more reasons to be bullish than not, and we believe the path of least resistance is higher for US equities. We also continue to recommend a “buy the dip” strategy. Below we outline new developments, including more signs that the US dollar is rolling over, bullish developments for gold & gold miners, and major breakouts for the Consumer Discretionary Sector. • Weak Dollar, Strong Commodity. The US dollar (DXY) continues to show signs of breaking down just as the Bloomberg Commodity Index (BCOM) makes a bullish i...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

S&P 500 consolidating despite negative signals We remain cautious as there continues to be several new or persisting negative signals which tell us that upside is likely to be muted from here -- barring improvements. At the same time we are not seeing widespread breakdowns and the major averages are still consolidating within a 1-month horizontal range. As long as this consolidation continues, a neutral outlook is appropriate. • Sector Relative Strength Rankings & Weighting Recommendations. Defensives (Staples, Utilities, Real Estate) notched new YTD RS highs yet again over the past week. ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Here we go again In last week's Compass we laid the case that markets were at a key inflection point heading into the first Fed rate cut in over a decade. Despite hawkish Fed takeaways, it was the escalation in the U.S.-China trade war that was the bigger story, however both weighed on global equities. Needless to say, everything we highlighted last week as being at a key inflection point failed to resolve in a manner that was bullish for equities. Below we highlight several developments we are watching which will help determine if the current pullback will be similar to what happened in May,...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Semiconductors, Transportation improving The S&P 500 continues to move higher on narrow leadership, which is not inspiring a bullish outlook. Currently leading the S&P 500 higher in terms of RS are Technology, Services, Facebook (FB), Amazon (AMZN), and Procter & Gamble (PG). If this were a bull market, (1) PG would likely NOT be listed here as leadership, and (2) we would expect to see participation broaden out to Discretionary (RCD), Transportation (IYT), banks (KBE), Industrials (XLI), and small-caps (IWM). All of these areas are still consolidating below meaningful resistance, and we cont...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Blip On The Radar, Or A Sign Of Things To Come? Jitters over today's Georgia Senate runoff elections led to mild weakness on the first trading day of the year. As we explain below, this appears to be just a blip on the radar and our bullish outlook remains intact. We continue to view any weakness as a buying opportunity. S&P 500, Nasdaq 100 Above Short-Term Support. Key support levels we are watching on the S&P 500 remain unchanged; short-term support is in the 3630-3645 zone, with the next important support levels coming in at 3588 and 3550. As long as 3550 holds, we believe a bullish inter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Bullish Inflections Around The World Our previous Int'l Compass (11/5/20) outlined our constructive outlook, with the caveat that $77 support needed to hold on the MSCI ACWI (ACWI-US), and that we would shift to a bullish stance on a breakout above $84. Positive COVID vaccine news has since led to bullish inflections in a staggering number of countries, ACWI-US included. Staying true to our word and considering market dynamics remain positive, our current outlook is bullish. Buy dips. · Staggering Number Of Countries With Bullish Inflections. With broad global indexes (MSCI ACWI, ACW...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Upgrading Materials To Overweight We continue to have a bullish outlook and we believe the path of least resistance remains higher. Perhaps the most important thing which supports our bullish outlook is the continued lack of breakdowns on all S&P 500 Sectors and all the major averages. Throw in new developments which include a decisive breakdown in the US dollar, price and RS breakouts for the Materials Sector, and a bullish RS reversal for small-caps, and we continue to believe the positives heavily outweigh the negatives. · Sector Relative Strength Rankings & Weighting Recommendat...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

S&P 500 Breaking To New Highs We like to say that new highs are not a sell signal, and this time is no different. With the S&P 500 breaking above the June highs and the Russell 2000 bullishly inflecting topside a ~1-month base, it signals a continuation of the uptrends that began in March... see charts below. Therefore, we continue to have a bullish outlook and we believe the path of least resistance remains higher. · Sector Relative Strength Rankings & Weighting Recommendations. Several growth-oriented large-cap Sectors hit new all-time closing highs within the past week, including...

An unfavourable environment weighs on FIRST MAJESTIC SILVER, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of FIRST MAJESTIC SILVER (CA), active in the Platinum & Precious Metals industry. As regards its fundamental valuation, the title still shows 3 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date March 19, 2021, the closing price was CAD 21.27 and its target price was estimated at CAD 13.89.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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