First Majestic Silver Corp. AG
- Market cap
- $9.3B
- P/E
- 26.8×
Follow AG
Target Price Range
Analyst price targets
Free account| 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
|
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| 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
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| 3.36% | (9.06%) | (22.86%) | (3.04%) | 3.39% | 2.29% | (1.68%) | (7.93%) | (0.18%) | 9.94% |
ROIC
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| 1.47% | (8.85%) | (34.69%) | (6.44%) | 3.05% | (0.44%) | (8.10%) | (9.76%) | (7.52%) | 7.29% |
ROE
|
|||
First Majestic Silver Corp. peers in the Basic Materials sector
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| SSL Sasol Ltd. | $9.1B | 3.0× | Compare |
| SOLS Solstice Advanced Materials Inc. | $9.0B | 26.2× | Compare |
| MP MP Materials Corp. | $8.9B | 0.0× | Compare |
| SQM Sociedad Quimica y Minera S.A. | $9.7B | 12.1× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| WLK Westlake Corporation | $8.5B | 0.0× | Compare |
| ESI Element Solutions Inc. | $8.4B | 48.3× | Compare |
| BVN Buenaventura Mining Company Inc. | $8.3B | 7.3× | Compare |
| NEU NewMarket Corporation | $8.2B | 19.3× | Compare |
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.
First Majestic Silver Corp. (AG) Latest News
21 Sep
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
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
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
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
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
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
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.
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
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
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.
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.
First Majestic Silver appoints CFO while lifting 2026 production outlook. Raised production targets indicate improved operational prospects.
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
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
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
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.
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
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
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
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
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
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
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.
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.
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.
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.
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.
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.
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
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.