First Majestic Silver Corp. AG

19.01 0.25 1.33% as of 25 Sep
Market cap
$9.3B
P/E
26.8×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.45%

Capital & Financial Ratios

Market Cap 9,270.00
Revenue 1,641.15
Net Income 421.54
Free Cash Flow 614.08
Net Debt (932.76)
Current Ratio 2.57
Debt/Equity 0.09
P/E ratio 26.77
P/S ratio 5.71
P/B ratio 2.78
Past 5Y EPS Growth (11.42%)
This Y EPS Growth 77.17%
Next Y EPS Growth 24.17%
Next 5Y EPS Growth 30.08%
in millions of $

Dividends

Payout Ratio 0.07
Annual Dividend Rate 0.02
Annual Dividend Yield 0.65%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.02
0.01
0.02
0.02
2025 0.01
0.01
0.00
0.00
0.01
2024 0.02
0.00
0.00
0.00
0.00
2023 0.02
0.01
0.01
0.01
0.00
2022 0.03
0.01
0.01
0.01
0.01
2021 0.02
0.00
0.01
0.00
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 188 252 974 1,248
Receivables 49 46 122 56
Inventory 64 63 85 106
Other — — — —
309 369 1,193 1,435
2023 2024 2025 Q'26
Payables 94 104 208 202
ST’ Debt 1 1 0 55
Other 2 1 1 —
120 144 459 559
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 19.07% 28.14% 26.28%
Cash Flow 25.09% 45.85% 202.58%
Earnings 0.00% 48.18% 0.00%
Book Value 19.27% 30.13% 31.00%

Revenue

Mar Jun Sep Dec Year
’26 477 415 — — —
’25 244 264 285 464 1,257
’24 106 136 146 172 561
’23 157 147 133 137 574
’22 157 159 160 148 624
’21 101 154 125 205 584
’20 86 35 126 117 364
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 237 209 — — —
’25 55 90 113 268 526
’24 12 17 41 82 152
’23 (5) 20 20 20 56
’22 (19) (13) 66 (15) 19
’21 7 (17) (12) 90 69
’20 12 (31) 55 43 80
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 189 149 — — —
’25 (1) 41 55 220 315
’24 (18) (10) 8 57 37
’23 (54) (17) (14) (6) (90)
’22 (57) (81) 9 (70) (199)
’21 (37) (58) (58) 32 (120)
’20 (20) (47) 25 10 (32)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.26 0.22 — — —
’25 0.01 0.11 0.06 0.17 0.34
’24 (0.05) (0.17) (0.09) (0.04) (0.34)
’23 (0.37) (0.06) (0.09) 0.04 (0.48)
’22 0.03 (0.32) (0.08) (0.06) (0.43)
’21 0.01 0.06 (0.07) (0.02) (0.02)
’20 (0.15) (0.05) 0.14 0.15 0.11
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
2.40 5.92 4.59 5.01 4.17 9.86 6.31 4.38 4.17 5.09

Analyst estimates 2026–2028

Powerpack
Low Price
19.15 10.92 8.48 12.69 14.57 24.01 14.59 9.07 8.44 17.91
High Price
4,012 3,900 5,131 39 5,197 5,287 4,634 3,746 3,818 5,100
Employees
0 0 0 9 0 0 0 0 0 0
Revenue/Emp
278 252 301 364 364 584 624 574 561 1,257
Revenue
46.32% 36.87% 27.17% 36.21% 43.82% 37.33% 24.44% 26.19% 38.51% 56.75%
Gross Margin
25 (75) (263) (39) 30 25 (61) (196) (26) 395
EBT
9.17% (29.85%) (87.41%) (10.72%) 8.17% 4.32% (9.84%) (34.14%) (4.72%) 31.42%
EBT Margin
9 (53) (204) (40) 23 (5) (114) (135) (102) 211
Net Income
80 78 95 67 56 118 137 126 125 265
Depreciation
1.73 1.53 1.64 1.81 1.70 2.39 2.37 2.03 1.90 2.62
Revenue/Sh
0.05 (0.32) (1.11) (0.20) 0.11 (0.02) (0.43) (0.48) (0.34) 0.34
Earnings/Sh
0.62 0.43 0.18 0.69 0.37 0.28 0.07 0.20 0.51 1.10
Cash Flow/Sh
(0.39) (0.46) (0.61) (0.59) (0.52) (0.77) (0.83) (0.52) (0.39) (0.44)
Capex/Sh
0.23 (0.03) (0.42) 0.11 (0.15) (0.49) (0.76) (0.32) 0.12 0.66
Free CF/Sh
3.86 3.52 3.24 3.29 3.98 5.77 5.36 4.81 4.57 6.62
Book Value/Sh
161 165 184 202 214 245 263 282 296 480
Shares
161.60 0.00 0.00 0.00 134.40 0.00 0.00 0.00 0.00 47.60
PE Ratio
4.67 4.73 3.59 6.79 7.90 4.66 3.55 2.94 2.89 6.36
PS Ratio
2.09 2.05 1.82 3.73 3.38 1.93 1.57 1.24 1.20 2.52
PB Ratio
4.33 4.36 3.88 6.78 7.61 4.54 3.62 3.03 2.84 5.82
EV/Sales
32.04 (217.52) (14.97) 115.15 (85.80) (22.05) (11.38) (19.25) 43.19 23.19
EV/FCF
100 70 33 140 80 69 19 56 152 526
Op' Cash Flow
(62) (76) (111) (119) (112) (189) (218) (146) (115) (211)
Capex
38 (5) (78) 21 (32) (120) (199) (90) 37 315
FCF
131 116 108 171 254 224 203 189 225 734
Working Cap'
46 37 152 171 168 209 234 239 221 298
Total Debt
(97) (93) 87 (6) (107) (68) 48 51 (31) (676)
Net Debt
622 582 595 662 850 1,411 1,411 1,358 1,351 3,173
Sh' Equity
1.04% (6.50%) (23.91%) (4.17%) 2.05% (0.29%) (5.40%) (6.61%) (5.15%) 4.94%
ROA
3.36% (9.06%) (22.86%) (3.04%) 3.39% 2.29% (1.68%) (7.93%) (0.18%) 9.94%
ROIC
1.47% (8.85%) (34.69%) (6.44%) 3.05% (0.44%) (8.10%) (9.76%) (7.52%) 7.29%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

First Majestic Silver Corp. peers in the Basic Materials sector

All 261 Basic Materials stocks →

First Majestic Silver Corp. (AG) key facts

  • First Majestic Silver Corp. (AG) is a Silver company in the Basic Materials sector, listed on the New York Stock Exchange.
  • First Majestic Silver Corp.’s revenue for fiscal 2025 (year ended December 2025) was CAD 1.3 billion, up 124.3% from fiscal 2024.
  • Net income was CAD 211.0 million, or CAD 0.34 per share (basic), a net margin of 13.1%.
  • As of September 25, 2026, AG traded at $19.01, a market capitalization of $9.3 billion.
  • At that price the stock trades at 26.8× trailing-twelve-month earnings and 5.7× sales.
  • First Majestic Silver Corp. pays an annual dividend of $0.02 per share, a yield of 0.65%, with a payout ratio of 6.73%.
  • Return on equity was 7.29% and debt-to-equity 0.09.

Source: company filings (standardised) and stockrow calculations.

First Majestic Silver Corp. (AG) Latest News

News by impact score

Fine-tune

21 Sep

4

First Majestic Silver completed the $1.05 billion acquisition of the Gatos Silver Mine in 2025, shifting from prior suspensions and annual losses to a high‑scale production profile. Based in Vancouver, the company operates silver and gold mines mainly in Mexico and now commands a roughly $8.5 billion market cap. With the stock near $19.84 on Sept. 18, 2026, the shares have almost doubled in a year as investor enthusiasm grows for its core assets. The Fool’s Hidden Gems Superscore assigns AG a 77/100 (Strong), driven by inorganic growth at Los Gatos, record silver output of 15 million ounces in 2025, a cash balance of $792 million, an interest coverage of 24, and a 28% operating margin in 2025. Risks include high valuation multiples, geopolitical/regulatory exposure in Mexico, and silver-price sensitivity, which could temper profits and share gains. Gatos acquisition and scale-up markedly increase cash flow, margins, and production, likely altering AG's trajectory.

9 Sep

3

First Majestic Silver Corp. reported high-grade drill results and expanded its exploration footprint at San Dimas. High-grade drill results and expanded exploration at San Dimas can improve resource estimates and support future production growth.

26 Aug

3

First Majestic Silver (TSX:AG) returns to investor focus amid silver price movements and company-specific operational updates. Silver price shifts and operational updates may moderately influence financial performance and market sentiment.

6 Aug

3

Analyst issues 80% upside call on First Majestic Silver Corp. despite 50% silver price drop. Analyst 80% upside call can lift near-term investor sentiment and stock trading.

2 Aug

3

First Majestic Silver updated earnings and dividends, returning focus to its valuation. Earnings and dividend updates affect financial performance and investor sentiment for First Majestic Silver.

31 Jul

3 transcript

First Majestic Silver Corp. shared Q2 earnings call highlights including financial results and operational updates. Q2 earnings details provide performance updates that may moderately sway short-term market views.

30 Jul

3

First Majestic Silver Corp posted record revenue in Q2 2026 with strong operational results during its earnings call. Record revenue from the earnings call indicates solid financial gains that may lift near-term market sentiment without reshaping long-term strategy.

3

First Majestic Silver Corp. reported Q2 2026 financial results and declared a quarterly dividend payment. Quarterly earnings and dividend declarations routinely move share price and near-term sentiment for silver producers.

12 Jul

4

First Majestic Silver receives construction permits for Santa Elena Mine expansion. Permits enable direct expansion of core mining operations boosting future output capacity.

11 Jul

4

First Majestic Silver is placing a larger 2026 bet that may reframe its capital allocation playbook. Larger 2026 bet signals major capital allocation shift for First Majestic Silver.

4

First Majestic Silver lifted guidance. The move raises questions on whether AG shares remain undervalued after the update. Guidance lift signals stronger operational outlook and can materially shift investor sentiment and valuation for AG.

3

First Majestic Silver appoints CFO while lifting 2026 production outlook. Raised production targets indicate improved operational prospects.

3

First Majestic Silver Corp. (AG) agrees to sell San Martin Mine for $90 million. Mine sale for $90 million delivers cash inflow while trimming production assets and future output.

9 Jul

4

First Majestic Silver Corp. reported Q2 silver production up 3% year-over-year and raised its 2026 production guidance. Higher output and lifted long-term targets improve operational outlook and support stronger valuation.

8 Jul

4

First Majestic Silver Corp. reported Q2 2026 production results and updated its full-year 2026 production and cost guidance. The company also released Q2 conference call details. Updated 2026 production and cost guidance directly revises financial forecasts and operational outlook for the year.

7 Jul

4

First Majestic Silver Corp. enters definitive agreement to sell its San Martin Silver Mine for total proceeds of US$90 million. Sale of San Martin mine delivers $90 million cash while removing one producing asset from First Majestic's portfolio.

3

First Majestic Silver Corp. agrees to sell the San Martin Silver Mine for $90 million. Asset sale injects $90 million cash while removing one silver production site from operations.

25 Jun

4

First Majestic Silver Corp. received construction permits for the Santo Niño and Navidad projects and is advancing development across the Santa Elena District. Construction permits directly enable new project builds that can expand production capacity and future revenues.

23 Jun

4

First Majestic Silver Corp. closed the sale of its Del Toro Mine to Sierra Madre. Divestiture of Del Toro Mine marks a major strategic asset sale that can reshape operational footprint and financial position.

22 Jun

4

First Majestic Silver Corp. completes acquisition of Del Toro Silver Mine from Sierra Madre for up to US$60M. Del Toro acquisition adds substantial silver production assets and expands First Majestic operational footprint.

29 May

4

First Majestic Silver Corp. (AG) released its Q1 2026 financial results. Quarterly earnings release directly affects valuation metrics and investor sentiment for the silver producer.

13 May

3

First Majestic Silver (TSX:AG) shares have surged 313%, prompting analysis on whether the rally leaves room for further gains or if it's too late to invest. The 313% rally highlights strong past performance but raises valuation concerns that could moderately affect future investor sentiment and stock trajectory.

12 May

4

First Majestic Silver Corp. (AG) shares rose 27.4% after reporting an earnings beat, hiking its dividend, and providing a positive expansion update. Earnings beat, dividend increase, and expansion update signal major positive shifts in financial health and growth prospects.

4

First Majestic Silver Corp (AG) posted record revenue in Q1 2026 earnings call, highlighting strategic initiatives amid strong performance. Record revenue and strategic moves enhance financial outlook and market positioning significantly.

4

First Majestic Silver Corp. (AG) released Q1 earnings call highlights detailing financial performance, production updates, and future outlook. Q1 earnings call highlights provide critical financial results, production metrics, and guidance that significantly shape investor sentiment and stock performance.

4 transcript

First Majestic Silver Corp. (AG) released the transcript of its Q1 2026 earnings call, detailing financial results, production updates, and management guidance. Q1 2026 earnings transcript discloses financial performance, operational metrics, and forward guidance that can significantly sway investor sentiment and stock trajectory.

4

First Majestic Silver Corp. (AG) stock's next move could deliver a 'silver' lining for commodity bulls amid rising silver prices and strong production outlook. Bullish prediction of a major upward stock trajectory signals significant potential boost to investor sentiment and market performance.

4

First Majestic Silver Corp. announced Q1 2026 financial results, increased its quarterly dividend payment, and provided management updates. Quarterly financial results with dividend increase directly impact financial performance and investor sentiment significantly.

3

First Majestic Silver Corp. (AG) latest earnings report prompts analysis questioning if the stock is a buy amid operational and financial updates. Earnings reports moderately influence financial performance and investor sentiment for mining companies like AG.

8 May

3

Guidance on approaching First Majestic Silver Corp. (AG) stock ahead of Q1 earnings release, focusing on silver prices, production costs, Mexico operations, and market outlook. Q1 earnings could noticeably affect AG's financial performance and investor sentiment through production updates and cost metrics.

stockrow.com/AG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com