Schwab just increase AG rating to "B" Outperform
Percentile Ranking = 23 as of 10/20/2017
Changed from AG rating "C" Marketperform last week.
Percentile Ranking = 52 as of 10/13/2017
Previously the code was "NC" Not Covered. So Schwab did not really have First Majestic on its radar but then starting looking at it and within a month increased rating to a "B" outperform. Did they just wake up or do they know something that we don't? Will be interesting to see Schwab ratings change again over the next 2-6 months.
Change seemed to be driven by "A" grade in Fundamentals.
Stocks with superior Fundamentals grades may have the potential for price appreciation as investors perceive that these companies have the financial strength to potentially grow earnings faster than the average stock. The Fundamentals grade underlying the Schwab Equity Ratings International grade is based on a number of operating performance measures derived from recent financial statement data. Stocks with attributes such as high profitability, quality earnings, and well-managed balance sheets tend to have better Fundamentals grades.
Change does not seemed have been driven by "D" grade in Valuation. I interpret that to mean that investment sentiment for PMs is still very weak. Keep stacking silver.
Stocks with superior Valuation grades may have the potential for price appreciation as investors perceive that the current stock prices of these companies are too low relative to measures of investment value. The Valuation grade underlying the Schwab Equity Ratings International grade is based on a number of value-oriented investment criteria. From a valuation ratio perspective, stocks with attributes such as high levels of sales, income, and cash returned to shareholders, relative to the stock's price, tend to have better Valuation grades.
