First Majestic Silver Corp (AG)
First Majestic Silver: Monster Q1 And Two Smart Asset Sales
First Majestic Silver remains a buy, offering high leverage to silver with improved fundamentals and a cleaner portfolio after two non-core asset sales. Recent sales of San Martin ($90M, NPV ~$77M) and Del Toro (up to $60M) convert idle assets into liquidity, supporting capex for growth projects like Santo Niño. Q1 delivered strong results: revenue up 95% YoY to $476.7M, free cash flow $224M, and record $1.13B treasury, reflecting operational leverage to silver prices.
Why You Shouldn't Bet Against First Majestic Silver Stock
AG has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
AG's Q2 Silver Production Jumps 3% Y/Y, 2026 Production View Hiked
First Majestic lifts its 2026 production outlook after Q2 silver output rises 3% y/y, backed by strong mine performance and higher guidance across key assets.
First Majestic Silver's Cash Flow Soaring, But Share Price Reaction Remains Muted
First Majestic Silver (AG) is rated a buy, driven by surging cash flow from higher silver prices and upcoming gold production at Jerritt Canyon. Q1 2026 saw realized silver prices of $86.35/oz, propelling non-GAAP EPS to $1.13 annualized and a forward P/E of 15.98, slightly below sector median. Jerritt Canyon, reopening in the second half of 2026, is expected to add over 100,000 oz gold annually, diversifying AG's revenue and reducing silver price risk.
Physical Bullion? This Pure-Play Silver Monster Under $30 Is a Screaming Buy
Silver crossed deep into record territory this year, and the stocks levered to it have finally started catching up.
3 Stocks in Focus That Recently Declared Dividend Hikes Amid High Inflation
TSM, QGEN and AG recently raised dividends as inflation, rising Treasury yields and oil prices fuel market volatility and economic concerns.
Four Sub-$30 Silver Stocks To Buy Now
Silver is having a structural moment. The metal pushed to $118.45/oz in January 2026 before settling near the $80 handle that several banks pencilled in as a base case, and Deutsche Bank and other strategists are now modelling a path into the $90 to $100 range as central bank diversification, industrial demand from solar and solid-state batteries, and an ongoing supply-demand deficit collide.
First Majestic Silver: Recent Developments Demand An Upgrade
First Majestic Silver is upgraded to Hold after a significant price drop, with long-term macro tailwinds supporting long-term repricing potential. AG posted a strong quarter: 95% revenue growth, 182% higher operating cash flow, and $223.5M in FCF, while maintaining a robust balance sheet with nearly $1B in cash. Operationally, AG announced advancing with the Jerritt Canyon restart plan ($75M investment for H2 2027), with their well-timed Gatos acquisition and the capital allocation reflecting discipline.
First Majestic Silver Q1 Earnings Call Highlights
First Majestic Silver NYSE: AG reported what Chief Executive Officer Keith Neumeyer described as an “exceptionally good” first quarter, with production ahead of the midpoint of guidance and record revenue driven by higher realized silver prices and stronger margins.
How to Approach First Majestic Stock Ahead of Its Q1 Earnings Release?
AG heads into Q1 earnings with strong silver prices and Gatos Silver gains, but lower production and rising costs may weigh on results.
2 Silver Mining Stocks to Watch Amid Industry Challenges
With the recent volatility in silver prices weighing on the near-term prospects of the Zacks Mining - Silver industry, stocks like PAAS and AG will likely gain from solid growth projects.
AG vs. HL: Which Silver Mining Stock Has Greater Upside Now?
First Majestic edges past Hecla as rising silver prices, strong mine assets and First Mint momentum boost growth, while Hecla faces cost pressures.
