Summary of share price highs, lows and changes for First Majestic Silver
Historical stock prices
Current Share Price	CA$21.50
52 Week High	CA$21.54
52 Week Low	CA$5.09
Beta	1.44
1 Month Change	28.82%
3 Month Change	68.63%
1 Year Change	268.15%
3 Year Change	171.81%
5 Year Change	54.12%
Change since IPO	67.45%

Recent updates

First Majestic Silver: Scale, Discipline, And Beta To Silver Make It A Strong Buy (Rating Upgrade)

Jan 06

First Majestic Silver: A Better Start To 2025

Apr 28

First Majestic Silver: Another Miss On Annual Guidance

Feb 07

First Majestic Silver Corp.: A Major Plus In Acquiring Gatos Silver, Inc.

Jan 21

First Majestic Silver: A Soft Q3 Operationally With Continued Share Dilution

Dec 31

First Majestic Silver And Gatos Silver Merger: A Better Combined Company

Oct 30

First Majestic Silver: A Lot More Silver, But Far Less Silver Per Share

Oct 22

First Majestic Silver: Continued Share Dilution Despite Record Gold Prices

Aug 22

First Majestic Silver: Still A Money Loser

Aug 01

First Majestic Silver: Limited Margin Of Safety At Current Levels

May 22

First Majestic Silver: A Slow Start To The Year

Apr 21

First Majestic Silver: Another Disappointing Year

Feb 25

First Majestic Silver: Consistent Losses, Can They Turn It Around?

Feb 13

First Majestic Silver: A Weak Q4 With A High-Cost Year On Deck

Jan 22

First Majestic Silver: Another Underwhelming Quarter

Nov 19

First Majestic Silver: Disappointing Performance Amid Higher Pricing

Oct 30

First Majestic Silver: A Disappointing Q3

Oct 13

First Majestic: Good Assets And Share Dilution At A High Price

Sep 21

First Majestic Silver: Q2 Earnings, Peso Strength Weighs On Margins

Aug 08

First Majestic Silver: Production Per Share Declines Set To Continue

Jul 26

First Majestic Silver: High Risk Or High Upside?

Jun 22

First Majestic Silver: Possibly A Better H2 Ahead

Jun 05

Shareholder Returns

	AG	US Metals and Mining	US Market
7D	6.3%	4.7%	-0.3%
1Y	268.2%	95.9%	15.4%

Return vs Industry: AG exceeded the US Metals and Mining industry which returned 95.9% over the past year.

Return vs Market: AG exceeded the US Market which returned 15.4% over the past year.

Price Volatility

Is AG's price volatile compared to industry and market?
AG volatility
AG Average Weekly Movement	10.1%
Metals and Mining Industry Average Movement	10.7%
Market Average Movement	6.4%
10% most volatile stocks in US Market	16.3%
10% least volatile stocks in US Market	3.0%

Stable Share Price: AG has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: AG's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1979	n/a	Keith Neumeyer	www.firstmajestic.com

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits. Its projects include the San Dimas silver/gold mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena silver/gold mine that covers an area of approximately 102,244 hectares located in Sonora State, Mexico; and the La Encantada silver mine covering an area of approximately 4,076 hectares located in Coahuila State, Mexico.

First Majestic Silver Corp. Fundamentals Summary

How do First Majestic Silver's earnings and revenue compare to its market cap?
AG fundamental statistics
Market cap	US$10.57b
Earnings (TTM)	US$68.31m
Revenue (TTM)	US$965.57m

154.7x

P/E Ratio

10.9x

P/S Ratio

Is AG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AG income statement (TTM)
Revenue	US$965.57m
Cost of Revenue	US$499.59m
Gross Profit	US$465.98m
Other Expenses	US$397.67m
Earnings	US$68.31m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	0.14
Gross Margin	48.26%
Net Profit Margin	7.07%
Debt/Equity Ratio	7.2%

How did AG perform over the long term?

See historical performance and comparison

Dividends

0.09%

Current Dividend Yield

13%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/19 09:49
End of Day Share Price	2026/01/16 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Majestic Silver Corp. is covered by 18 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin O'Halloran	BMO Capital Markets Equity Research
David Forster	BofA Global Research
Adam Graf	B. Riley Securities, Inc.

First Majestic Silver (AG) Stock Overview

Rewards

Risk Analysis

Silver's stock price if silver hits $100 per ounce

First Majestic Silver Corp. Competitors

Hecla Mining

Ternium

Compañía de Minas BuenaventuraA

Cleveland-Cliffs

Price History & Performance

Recent News & Updates

Price target increased by 22% to US$18.25

First Majestic Silver Corp. Reviews Its Dividend Policy

First Majestic Silver: Scale, Discipline, And Beta To Silver Make It A Strong Buy (Rating Upgrade)

Insider recently sold US$419k worth of stock

First Majestic Silver Corp. announced that it has received $300 million in funding

First Majestic Silver Corp. announced that it expects to receive $300 million in funding

Recent updates

Price target increased by 22% to US$18.25

First Majestic Silver Corp. Reviews Its Dividend Policy

First Majestic Silver: Scale, Discipline, And Beta To Silver Make It A Strong Buy (Rating Upgrade)

Insider recently sold US$419k worth of stock

First Majestic Silver Corp. announced that it has received $300 million in funding

First Majestic Silver Corp. announced that it expects to receive $300 million in funding

New minor risk - Share price stability

Third quarter dividend increased to US$0.0052

Third quarter 2025 earnings released: EPS: US$0.055 (vs US$0.088 loss in 3Q 2024)

Founder recently sold US$3.3m worth of stock

Price target increased by 19% to US$11.50

Independent Director recently sold US$1.2m worth of stock

First Majestic Silver Corp. Reports Positive Drilling Results from its Ongoing Exploration Program at the San Dimas Silver/Gold Mine, Located in Durango, Mexico

Second quarter dividend of US$0.0048 announced

Second quarter 2025 earnings released: EPS: US$0.11 (vs US$0.17 loss in 2Q 2024)

First Majestic Silver Corp. to Report Q2, 2025 Results on Aug 14, 2025

New major risk - Revenue and earnings growth

Price target increased by 10% to US$9.63

First Majestic Silver Corp. Provides Production Guidance for the Year 2025

First Majestic Silver Corp. Announces the Discovery of the Navidad Vein System, A New Significant, Vein-Hosted Gold and Silver Mineralized System Adjacent to Its Currently Producing Ermitaño Mine

First Majestic Announces Second Gold-Silver Discovery Within A Year At Santa Elena and Expands High-Grade Mineralization At Navidad

First Majestic Silver Corp. Appoints Ayesha Hira to Board of Directors, Effective May 20, 2025

First quarter dividend increased to US$0.0045

First quarter 2025 earnings released: EPS: US$0.005 (vs US$0.047 loss in 1Q 2024)

First Majestic Silver: A Better Start To 2025

Now 21% undervalued

Now 28% undervalued after recent price drop

First Majestic Silver Corp. Appoints Daniel Muniz Quintanilla to Its Board of Directors

First Majestic Silver Corp., Annual General Meeting, May 20, 2025

New major risk - Shareholder dilution

First Majestic Silver Corp. Provides Consolidated Production Guidance for the Year 2025

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

First Majestic Silver Corp. Provides Production Guidance for the Year 2025

First Majestic Silver: Another Miss On Annual Guidance

First Majestic Provides Positive Exploration Results At San Dimas

First Majestic Silver Corp.: A Major Plus In Acquiring Gatos Silver, Inc.

First Majestic Silver Corp. (TSX:AG) completed the acquisition of Gatos Silver, Inc. (NYSE:GATO) from Electrum Silver US LLC, Electrum Silver US II LLC, Condire Management, LP, Condire Management, LP, Exor N.V. (ENXTAM:EXO) and others.

First Majestic Silver Corp. to Report Q4, 2024 Results on Feb 20, 2025

First Majestic Silver: A Soft Q3 Operationally With Continued Share Dilution

New major risk - Revenue and earnings growth

Third quarter dividend increased to US$0.0048

Third quarter 2024 earnings released: US$0.088 loss per share (vs US$0.095 loss in 3Q 2023)

First Majestic Silver And Gatos Silver Merger: A Better Combined Company

New major risk - Revenue and earnings growth

First Majestic Silver: A Lot More Silver, But Far Less Silver Per Share

First Majestic Silver Corp. (TSX:AG) entered into a definitive agreement to acquire Gatos Silver, Inc. (NYSE:GATO) for approximately $950 million.

First Majestic Silver: Continued Share Dilution Despite Record Gold Prices

New major risk - Revenue and earnings growth

Second quarter dividend reduced to US$0.0046

Second quarter 2024 earnings released: US$0.17 loss per share (vs US$0.062 loss in 2Q 2023)

First Majestic Silver: Still A Money Loser

First Majestic Silver Corp. to Report Q2, 2024 Results on Aug 01, 2024

New major risk - Revenue and earnings growth

Grizzly Discoveries Inc. (TSXV:GZD) agreed to acquire 13 Motherlode CrownGrants in Greenwood from First Majestic Silver Corp. (TSX:AG) for CAD 7500.

New minor risk - Share price stability

First Majestic Silver Corp. Announces Resignation of Jean Des Rivières as Director

First Majestic Silver: Limited Margin Of Safety At Current Levels

First quarter dividend reduced to US$0.0037

First Majestic Silver Corp. Declares Dividend for the First Quarter of 2024, Payable on or About June 7, 2024

First quarter 2024 earnings released: US$0.047 loss per share (vs US$0.37 loss in 1Q 2023)

First Majestic Silver: A Slow Start To The Year

Price target increased by 14% to US$7.00