First Majestic Silver (TSE:AG) Shares Climb 2.6% - Still a Buy?

Key Points

• First Majestic Silver shares rose 2.6% on Friday to C$21.39, with trading volume 5% above its average.
• Third-quarter revenue was US$394.1 million, topping the US$390 million estimate, and the company reported earnings of C$0.27 per share.
• ATB Cormark upgraded the stock to “moderate buy” and raised its price target to C$37. The quarterly dividend was cut 6.6% to C$0.0142 per share.

First Majestic Silver Corp. (TSE:AG - Get Free Report)'s share price was up 2.6% during trading on Friday. The stock traded as high as C$21.49 and last traded at C$21.39. 1,946,702 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 1,861,809 shares. The stock had previously closed at C$20.84.

More First Majestic Silver News

Here are the key news stories impacting First Majestic Silver this week:

• Positive Sentiment: Third-quarter revenue was reported at US$394.1 million, above the FactSet estimate of US$390 million. The company also reported higher revenue for the quarter and first nine months of 2026; its earnings release said quarterly earnings were C$0.27 per share. Q3 revenue versus estimate Higher third-quarter and nine-month revenue
• Negative Sentiment: AG declared a quarterly dividend of $0.0142 per share, a 6.6% reduction from the previous $0.0152 payment. The cut is a modest negative signal for income-focused investors, although the stated annualized yield is about 0.3%.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets upgraded First Majestic Silver from a "hold" rating to a "moderate buy" rating and upped their price objective for the company from C$36.00 to C$37.00 in a research report on Friday, July 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$36.00.

First Majestic Silver Stock Performance

The firm has a market capitalization of C$10.55 billion, a P/E ratio of 30.56 and a beta of 2.96. The business's fifty day moving average price is C$24.76 and its two-hundred day moving average price is C$27.54.

First Majestic Silver (TSE:AG - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported C$0.27 earnings per share for the quarter. First Majestic Silver had a net margin of 21.09% and a return on equity of 12.27%. The firm had revenue of C$561.06 million during the quarter. Sell-side analysts predict that First Majestic Silver Corp. will post 0.46 earnings per share for the current year.

First Majestic Silver Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 30th will be paid a $0.0142 dividend. This is a drop from First Majestic Silver's previous quarterly dividend of $0.0152. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, November 16th. First Majestic Silver's payout ratio is presently 5.06%.

First Majestic Silver Company Profile

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Santa Elena Silver/Gold Mine, the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the San Dimas Silver/Gold Mine, and La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold Mine, which the Company is currently in the process of re-starting.

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