Update shared on23 Oct 2025
Fair value Increased 10%Analysts have raised their price target for First Majestic Silver from $21.13 to $23.25, citing improved growth prospects and stronger profitability forecasts.
What's in the News
- Reported a 47% increase in ore processed and a 39% rise in silver equivalent ounces produced in Q3 2025 compared to the previous year (Announcement of Operating Results)
- Silver production nearly doubled year over year, reaching 3,863,673 ounces. Gold production declined by 15% in the same period (Announcement of Operating Results)
- Positive drilling results from 2024 and 2025 exploration at Los Gatos Silver Mine confirmed continuity and expansion potential of mineralized zones (Product-Related Announcements)
- Ongoing exploration at San Dimas Silver and Gold Mine expanded known mineralization and converted Inferred to Indicated Mineral Resources, with high-grade assays confirming new gold and silver targets (Product-Related Announcements)
- Completed repurchase of 818,500 shares for CAD 5.79 million and declared a cash dividend of $0.0048 per share for Q2 2025 (Buyback Tranche Update, Dividend Increases)
Valuation Changes
- Consensus Analyst Price Target increased from $21.13 to $23.25, reflecting a stronger outlook.
- Discount Rate rose slightly from 6.68% to 6.70%.
- Revenue Growth estimate jumped from 19.53% to 28.69%, marking a substantial upward revision.
- Net Profit Margin forecast climbed from 16.23% to 29.67%, indicating expectations for greater profitability.
- Future P/E Ratio decreased significantly from 47.95x to 23.10x, suggesting improved earnings expectations relative to share price.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.