Update shared on 07 Nov 2025
Fair value Decreased 3.23%First Majestic Silver's analyst price target has been revised downward from $23.25 to $22.50, as analysts cite more conservative forecasts for revenue growth and profit margins in their updated outlook.
What's in the News
- The company reported third quarter 2025 production results, processing 997,002 tonnes of ore, a 47% increase, and producing 7,651,058 silver equivalent ounces, up 39% from the previous year (Company Announcement).
- Silver production nearly doubled year-over-year to 3,863,673 ounces, while gold production declined 15% during the same quarter (Company Announcement).
- Positive drilling results at the Los Gatos Silver Mine confirmed continuity of mineralization, with the system remaining open along strike to the northwest (Company Announcement).
- Ongoing exploration at San Dimas Silver/Gold Mine led to expansion of known mineralization and important new gold and silver targets were identified (Company Announcement).
- The company completed a share buyback of 506,000 shares between April and June 2025 and declared a cash dividend of $0.0048 per share for Q2 2025 (Company Announcement).
Valuation Changes
- Consensus Analyst Price Target has decreased slightly from CA$23.25 to CA$22.50.
- The discount rate has risen modestly from 6.70% to 7.14%.
- The revenue growth projection has declined significantly from 28.69% to 22.88%.
- The net profit margin estimate is down from 29.67% to 28.40%.
- The future P/E ratio forecast has remained stable, moving from 23.10x to 23.15x.
Disclaimer
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