Update shared on09 Oct 2025
Fair value Increased 32%Analysts have raised their price target for First Majestic Silver from $16.00 to $21.13. They cite expectations of stronger revenue growth and a slightly increased discount rate, despite a modest dip in projected profit margin.
What's in the News
- First Majestic Silver announced positive drilling results from its 2024/2025 exploration programs at the Los Gatos Silver Mine in Chihuahua, Mexico. The results confirm mineralization continuity and indicate the system remains open along strike to the northwest (Key Developments).
- The company reported strong drilling outcomes at the San Dimas Silver/Gold Mine in Durango, Mexico. These results expand known mineralization, upgrade resources, and confirm high-grade gold and silver mineralization in new target areas (Key Developments).
- From April to June 2025, First Majestic Silver repurchased 506,000 shares, representing 0.1 percent of outstanding shares, and completed its current buyback tranche (Key Developments).
- The company declared a cash dividend of $0.0048 per common share for the second quarter of 2025, payable in September (Key Developments).
Valuation Changes
- Fair Value: Increased from $16.00 to $21.13, reflecting a higher analyst estimate.
- Discount Rate: Rose slightly from 6.58 percent to 6.68 percent.
- Revenue Growth: Improved from 18.12 percent to 19.53 percent, suggesting higher future sales expectations.
- Net Profit Margin: Declined from 17.55 percent to 16.23 percent.
- Future P/E: Decreased marginally from 48.45x to 47.95x, indicating a slightly lower valuation relative to projected earnings.
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