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AG

First Majestic Silver Corp.

AG

NYSE·Basic Materials·Silver·Mkt cap $10.3B

$20.97

-1.96%

P/E

29.76

Mkt Cap

$10.3B

52-Wk Range

$9.06–$32.04

52-Week Range

$9.06 - $32.04

P/E

29.76

Fwd P/E

25.73

Beta

2.11

Div Yield

0.22%

Avg Vol

11.6M

Shares Out

493.1M

Mkt Cap

$10.3B

Price action

Price chart

Up 122.1% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Largest primary silver producer in North America with diversified asset portfolio
  • Significant landholdings and mining concessions providing long-term production capacity
  • Strategic geographic locations in Mexico and North America with favorable mining jurisdictions
  • Vertical integration from exploration to production maximizing operational control

Bear Case

2 risks

  • High volatility (beta 2.1). Larger-than-normal price swings expected.
  • Growth premium of 1.6x vs sector peers. Elevated but may be justified by growth trajectory.

Growth

Stable outlook

Increasing global silver demand from solar energy and renewable technology sectors

Value

Growth premium of 1.6x vs sector peers. Elevated but may be justified by growth trajectory.

Momentum

Hot

+22.1% over 3m

Quality

Strong

High-growth business (98% revenue growth, 53% gross margin). Profitable with strong growth momentum.

Dividend

Token

0.22% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 4, 2026

Q3 26 RECAP

JUL 30, 2026

Reported EPS of $0.21 vs $0.25 consensus (-16.0% surprise). Revenue of $415.5M vs $496.0M expected (-16.2%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Estimate

Actual

Q3 26

-16.0%

Revenue trend · last 8Q

+131%

+94%

+95%

+172%

+91%

+57%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$147.0M

$173.3M

$246.0M

$264.7M

$286.7M

$471.1M

$470.1M

$415.5M

Margins · last 8Q

Gross

64.2%

Operating

47.5%

Profit

26.3%

Wall Street consensus

2 analysts · 50% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

50%

Hold

1

50%

Sell

0%

Median Price Target

Latest: Scotiabank · Jul 14, 2026

vs Industry

How AG stacks vs Silver

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.