Martin Palacios - First Majestic CIO

AG Stock  USD 5.58  0.33  6.29%   

Executive

Mr. Martin Ernesto Palacios, MBA, CMC, was appointed as Chief Transformation Officer of First Majestic Silver Corporationration, with effect from 6 April 2015. Mr. Palacios brings over 20 years of information technology experience to First Majestic, including over three years with Goldcorp, a senior gold producer, where he held the position of Director of Global Applications and IT . During his tenure at Goldcorp, he created and implemented the global applications framework for most of Goldcorp sites, standardized and automated consolidation process. Mr. Palacios was also responsible for prototyping Goldcorp business intelligence strategy. In addition to his experience with Goldcorp, Mr. Palacios has consulted for Gemcom Software, provided advisory services to the Jimmy Pattison Group across their portfolio of companies and led the western region IT effectiveness practice for KPMG. He was also previously the Chief Information Officer of Pivotal Corporation and the Vice President of Information Technology for Seagate Software. since 2015.
Tenure 9 years
Professional MarksMBA
Address 925 West Georgia Street, Vancouver, BC, Canada, V6C 3L2
Phone604 688 3033
Webhttps://www.firstmajestic.com
Palacios was also responsible for prototyping Goldcorp business intelligence strategy which allows for management at Goldcorp to monitor consolidated operations on a continuous basis with operational dashboards. In addition to his experience with Goldcorp, Mr. Palacios has also consulted for Gemcom Software, provided advisory services to the Jimmy Pattison Group across their portfolio of companies, led the western region IT effectiveness practice for KPMG, he was previously the CIO of Pivotal Corporationration and Vice President of Information Technology for Seagate Software.

First Majestic Management Efficiency

The company has Return on Asset (ROA) of (0.0424) % which means that for every 100 dollars spent on asset, it generated a loss of $0.0424. This is way below average. Likewise, it shows a return on total equity (ROE) of (0.0976) %, which implies that it produced no returns to current stockholders. First Majestic's management efficiency ratios could be used to measure how well First Majestic manages its routine affairs as well as how well it operates its assets and liabilities. The First Majestic's current Return On Capital Employed is estimated to increase to -0.03. The current Return On Assets is estimated to decrease to -0.07. At this time, First Majestic's Other Current Assets are most likely to increase significantly in the upcoming years. The First Majestic's current Total Current Assets is estimated to increase to about 322.8 M, while Fixed Asset Turnover is projected to decrease to 0.29.
The company reports 255.2 M of total liabilities with total debt to equity ratio (D/E) of 0.19, which may suggest the company is not taking enough advantage from financial leverage. First Majestic Silver has a current ratio of 1.84, which is generally considered normal. Debt can assist First Majestic until it has trouble settling it off, either with new capital or with free cash flow. So, First Majestic's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Majestic Silver sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Majestic's use of debt, we should always consider it together with cash and equity.

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First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada. First Majestic operates under Silver classification in the United States and is traded on New York Stock Exchange. First Majestic Silver (AG) is traded on New York Stock Exchange in USA. It is located in 925 West Georgia Street, Vancouver, BC, Canada, V6C 3L2 and employs 31 people. First Majestic is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

First Majestic Silver Leadership Team

Elected by the shareholders, the First Majestic's board of directors comprises two types of representatives: First Majestic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Majestic's management team and ensure that shareholders' interests are well served. First Majestic's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Majestic's outside directors are responsible for providing unbiased perspectives on the board's policies.
Martin Palacios, CIO
David Shaw, Independent Director
Marjorie Co, Independent Director
Connie Lillico, Corporate Secretary
Sophie Hsia, General Counsel
Ramon Mendoza, Vice President - Technical Services
Dustin Doorselaere, Chief Operating Officer
Ramon Davila, COO, Director
Arturo Diaz, VP Admin
PEng Eng, VP Services
Connie BA, Corporate Secretary
Jose Figueroa, Vice President - Information Technology
Raymond Polman, Chief Financial Officer
David Smith, Vice Resources
Jean Rivieres, Independent Director
BCL LLB, G Counsel
Nicole AdsheadBell, Independent Director
Ana Lopez, Independent Director
Todd MBA, Vice Development
Thomas Fudge, Independent Director
Gonzalo Mercado, Vice Services
Tony Pezzotti, Independent Director
Robert McCallum, Independent Director
Antonio Pezzotti, Independent Director
Colin Bower, Vice OperationsMexico
Keith Neumeyer, President, Chief Executive Officer, Director
Steven Holmes, Chief Operating Officer
Douglas Penrose, Independent Chairman of the Board
Jill Arias, Vice Marketing
MBA MBA, VP Devel
Salvador Garcia, COO

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Majestic a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

First Majestic Investors Sentiment

The influence of First Majestic's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in First. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to First Majestic's public news can be used to forecast risks associated with an investment in First. The trend in average sentiment can be used to explain how an investor holding First can time the market purely based on public headlines and social activities around First Majestic Silver. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
First Majestic's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for First Majestic's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average First Majestic's news discussions. The higher the estimated score, the more favorable is the investor's outlook on First Majestic.

First Majestic Implied Volatility

    
  257.91  
First Majestic's implied volatility exposes the market's sentiment of First Majestic Silver stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if First Majestic's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that First Majestic stock will not fluctuate a lot when First Majestic's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First Majestic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First Majestic's short interest history, or implied volatility extrapolated from First Majestic options trading.

Pair Trading with First Majestic

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Majestic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Majestic will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

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Moving against First Stock

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The ability to find closely correlated positions to First Majestic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Majestic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Majestic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Majestic Silver to buy it.
The correlation of First Majestic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Majestic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Majestic Silver moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Majestic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether First Majestic Silver is a strong investment it is important to analyze First Majestic's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Majestic's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the First Majestic Silver information on this page should be used as a complementary analysis to other First Majestic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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Is First Majestic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Majestic. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Majestic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.359
Dividend Share
0.02
Earnings Share
(0.48)
Revenue Per Share
2.032
Quarterly Revenue Growth
(0.08)
The market value of First Majestic Silver is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Majestic's value that differs from its market value or its book value, called intrinsic value, which is First Majestic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Majestic's market value can be influenced by many factors that don't directly affect First Majestic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Majestic's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Majestic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Majestic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.