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Stock impact report

First Majestic: Good Assets And Share Dilution At A High Price [Seeking Alpha]

First Majestic Silver Corp. Ordinary Shares (Canada) (AG) 
Last first majestic silver corp. ordinary shares (canada) earnings: 2/19 07:00 am Check Earnings Report
US:NYSE Investor Relations: firstmajestic.com/investors/stock-info
Company Research Source: Seeking Alpha
The company's balance sheet is neat and clean. AG holds a net debt of $42.6 million. However, this comes at the price of share dilution. Last quarter's results disappointed First Majestic's shareholders with declining performance due to rising AISC and profit margin compression. Continuous share dilution like a junior miner, holding an unproductive asset like Jerritt, and higher than average AISC are good reasons not to buy AG shares. On top of that, Mr Market offers a high price for the company's value. I give Fist Majestic a sell rating due to all the mentioned reasons. Thesis I love mines and banks. However, investing in favorite industries is easier when approached as an art of exclusion. In other words, instead of asking why to invest, we have to ask why not to invest. Assessing a mining stock as uninventable is not a simple task. The company's presentations contain promising data with exaggerated achievements and suppressed failures. First Majestic ( NYSE: AG ) is a Show less Read more
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