First Majestic Silver (AG) News Today

First Majestic Silver Corp. (TSE:AG) shares have dipped modestly despite a string of bullish analyst upgrades and strong operational results. Investors may find the following catalysts noteworthy:

• Positive Sentiment: BMO Capital Markets raised its price target on AG from C$18.50 to C$21.00, implying roughly 10.3% upside. BayStreet.CA
• Positive Sentiment: First Majestic hit a 52-week high alongside peers Aduro and Silver X on robust sector momentum. Yahoo Finance
• Positive Sentiment: Record Q3 output: silver production climbed to a company record, driving higher revenue potential. Mining.com
• Positive Sentiment: Silver output jumped 96% to 3.9 million ounces in Q3, underscoring operational leverage to higher silver prices. MSN
• Positive Sentiment: TD Cowen upgraded AG to “Buy,” sending the stock up about 11% on the announcement. MSN
• Positive Sentiment: TD Securities raised its rating from “Hold” to “Buy” and lifted its target to C$22.00 (14.1% upside). MarketBeat
• Positive Sentiment: National Bank Financial boosted FY2027 EPS estimates from $0.17 to $0.46 and FY2028 to $0.50, maintaining a “Strong-Buy” stance. MarketBeat
• Positive Sentiment: Cormark lifted Q3 EPS estimates to $0.15 from $0.07, reflecting stronger-than-expected margins. MarketBeat
• Positive Sentiment: Cormark’s broader report forecasts significant price appreciation for AG into FY2025. American Banking News

These upgrades, robust production figures and raised earnings forecasts provide a strong foundation for renewed upside in First Majestic Silver's share price, despite the recent pullback.