First Majestic Silver Corp. (AG) AI Stock Analysis

First Majestic Silver Corp., headquartered in Vancouver, Canada, focuses on the acquisition, exploration, development, and production of mineral properties, primarily targeting silver and gold across North America. Established in 1979, the company holds key assets including the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the Jerritt Canyon gold mine in Nevada. It maintains 100% ownership in the La Parrilla, Del Toro, and San Martin silver mines in Mexico. In addition, First Majestic holds an interest in the Springpole gold and silver venture in Ontario, Canada, spanning roughly 41,913 hectares.

First Majestic's revenue expanded at a 5-year CAGR of 28.4% from FY2020 through FY2025. After posting annual net losses from FY2021 through FY2024, including net income of -$101.9M in FY2024, FY2025 marked a sharp turnaround. Revenue reached $1.28B, up 128.2%, with gross margin reaching 34.8% and net income rising to $167.8M. For the trailing twelve months, revenue reached $1.64B with an operating margin of 47.8% and a profit margin of 21.2%. In the latest quarter ended June 30, 2026, quarterly revenue grew 57.3% year-over-year, while quarterly earnings surged 102.4%.

As of June 30, 2026, First Majestic held $1.25B in cash and short-term investments against $331.1M in total debt, resulting in net cash of $917.3M. The company maintains a current ratio of 2.57 and a debt-to-equity ratio of 0.11 on shareholders' equity of $2.97B. In FY2025, operating cash flow jumped to $565.9M and free cash flow turned positive at $351.6M. Capital allocation in FY2025 included $214.3M in capital expenditures, $10.0M in dividends paid, and $8.8M deployed toward share buybacks.

Trading at a last close of $15.98, First Majestic carries a market cap of $7.88B and an enterprise value of $9.13B. Its trailing P/E of 22.8x and forward P/E of 22.4x trade above the median of its US-listed Basic Materials peers, which stand at 19.7x and 13.4x, respectively. The stock's price-to-sales multiple of 4.8x is also above the peer median of 1.8x, while its EV/EBITDA of 9.0x sits below the peer median of 10.5x. Over the past year, the stock returned 4.5%, lagging the S&P 500 (SPY) return of 16.8%.

First Majestic pays a quarterly dividend with an annual forward payout of $0.06 per share, yielding 0.38%. The payout ratio stands at 5.1%, and dividends have been paid for 6 consecutive years. The company's most recent ex-dividend date was August 14, 2026.

Wall Street coverage includes 3 Strong Buy, 2 Buy, and 1 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target of $24.00 implies an upside of 50.2% over the last close of $15.98. For the current fiscal year ending December 31, 2026, analysts estimate EPS of $0.93 and revenue of $2.35B. Over the last four quarters, the company beat EPS estimates once. The next earnings date is November 5, 2026.

This page is an AI-written research summary of First Majestic Silver Corp. (AG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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