TD Cowen上调First Majestic Silver(AG.US)评级至“买入”,看好Gatos矿场低成本扩张前景

智通财经
Oct 09, 2025

智通财经APP获悉,当地时间周三,TD Cowen发布研报将First Majestic Silver(AG.US)股票评级由“持有”上调至“买入”,核心逻辑在于该公司预期业绩改善及宏观经济趋势向好。与此同时,该券商将目标价从14加元大幅上调至22加元。当日市场反应强烈,该公司股价单日飙升超11%。

TD Cowen分析师韦恩·拉姆在报告中着重看好Gatos矿场前景。他指出,该矿场具备低成本生产优势且持续表现优异,预计2026年将启动扩建工程。拉姆进一步强调,Santa Elena矿区新发现及Gatos矿场扩建计划将共同推动公司基本面改善,尤其在银价上行周期中形成强有力杠杆效应。此外,Santa Elena矿区的新发现亦被视为关键增长引擎,有望维持公司白银产量的强劲势头。

值得注意的是,银价走势与公司业绩形成正向共振。白银期货周三盘中一度上涨3.31%至49.42美元,进一步支撑市场对该公司盈利改善的预期。

尽管华尔街整体评级为“买入”,但Seeking Alpha分析师与量化模型均给出“持有”评级,形成评级分歧。从估值维度看,该股虽获A+级增长评级,但估值分项获D-,拉低整体得分。

回溯全年表现,First Majestic Silver股价年内涨幅已超147%,标普500指数同期上涨14.16%。

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