First Majestic Silver Corp (AG)

Official site

BASIC MATERIALS • SILVER • NYSE

$16.10

+0.85 (+5.57%)

Market Cap: $7.93B

Last updated: Oct 16, 2026 at 5:00 PM ET

Earnings

Performance (10Y)

Beat Rate

36%(14/39)

Avg Surprise

-118.13%

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$0.20

Range$0.20 - $0.21

2 analysts

EPS RevisionsNo revisions (7d)

30d

EPS Estimate DriftChange to current

90d ago$0.28-26.8%

60d ago$0.23-10.9%

30d ago$0.23-10.9%

7d ago$0.20+2.5%

Current$0.20

Revenue Consensus

$555M

Range$555M - $555M

1 analysts

Period ending Dec 31, 2026

EPS Consensus$0.17

Range$0.09 - $0.23

3 analysts

Revenue Consensus

$1.8B

Range$1.5B - $2.0B

3 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$0.17	$0.09 - $0.23	-	-	3	-	-
Sep 30, 2026Sep 26EST	-	$0.20	$0.20 - $0.21	-	-	2	0 2 30d	-
Jun 30, 2026Jun 26 Reported Jul 30, 2026Reported Jul 30	$0.21	$0.25	$0.18 - $0.31	-16.00%	Miss	3	1 0 30d	+425.0%
Mar 31, 2026Mar 26 Reported May 12, 2026Reported May 12	$0.31	$0.32	$0.24 - $0.36	-3.13%	Miss	3	2 0 30d	+520.0%
Dec 31, 2025Dec 25 Reported Feb 19, 2026Reported Feb 19	$0.30	$0.23	$0.17 - $0.28	+30.43%	Beat	3	No revisions (30d)	+900.0%
Sep 30, 2025Sep 25 Reported Nov 5, 2025Reported Nov 5	$0.07	$0.11	$0.04 - $0.11	-36.36%	Miss	4	2 0 30d	+333.3%
Jun 30, 2025Jun 25 Reported Aug 14, 2025Reported Aug 14	$0.04	$0.05	$0.04 - $0.06	-20.00%	Miss	3	0 1 30d	+157.1%
Mar 31, 2025Mar 25 Reported May 7, 2025Reported May 7	$0.05	$0.07	$0.04 - $0.09	-24.36%	Miss	4	2 1 30d	+200.0%
Dec 31, 2024Dec 24 Reported Feb 20, 2025Reported Feb 20	$0.03	$0.03	$-0.02 - $0.06	+0.00%	Beat	5	1 1 30d	+200.0%
Sep 30, 2024Sep 24 Reported Nov 7, 2024Reported Nov 7	$-0.03	$0.01	$-0.03 - $0.09	-400.00%	Miss	4	2 0 30d	+25.0%
Jun 30, 2024Jun 24 Reported Aug 1, 2024Reported Aug 1	$-0.07	$-0.02	$-0.05 - $0.09	-250.00%	Miss	5	3 1 30d	-250.0%
Mar 31, 2024Mar 24 Reported May 8, 2024Reported May 8	$-0.05	$-0.07	$-0.08 - $0.03	+28.57%	Beat	5	No revisions (30d)	+86.4%
Dec 31, 2023Dec 23 Reported Feb 22, 2024Reported Feb 22	$-0.03	$-0.04	$-0.07 - $0.00	+25.00%	Beat	5	0 1 30d	+57.1%
Sep 30, 2023Sep 23 Reported Nov 2, 2023Reported Nov 2	$-0.04	$0.02	$-0.04 - $0.10	-300.00%	Miss	4	0 3 30d	+55.6%
Jun 30, 2023Jun 23 Reported Aug 3, 2023Reported Aug 3	$-0.02	$-0.04	$-0.05 - $0.00	+50.00%	Beat	4	0 3 30d	-200.0%
Mar 31, 2023Mar 23 Reported May 4, 2023Reported May 4	$-0.37	$-0.04	$-0.04 - $0.05	-817.75%	Miss	4	2 1 30d	-1735.5%
Dec 31, 2022Dec 22 Reported Feb 23, 2023Reported Feb 23	$-0.07	$-0.04	$-0.04 - $-0.04	-75.00%	Miss	4	No revisions (30d)	-450.0%
Sep 30, 2022Sep 22 Reported Nov 9, 2022Reported Nov 9	$-0.09	$-0.04	$-0.08 - $0.02	-125.00%	Miss	5	2 0 30d	-28.6%
Jun 30, 2022Jun 22 Reported Aug 4, 2022Reported Aug 4	$0.02	$0.02	$-0.03 - $0.05	+0.00%	Beat	3	0 2 30d	-60.0%
Mar 31, 2022Mar 22 Reported May 12, 2022Reported May 12	$-0.02	N/A	-	-125.00%	Miss	3	No revisions (30d)	-166.7%
Dec 31, 2021Dec 21 Reported Mar 10, 2022Reported Mar 10	$0.02	N/A	-	-71.43%	Miss	5	No revisions (30d)	-81.8%
Sep 30, 2021Sep 21 Reported Nov 4, 2021Reported Nov 4	$-0.07	$0.01	$-0.02 - $0.02	-800.00%	Miss	5	No revisions (30d)	-158.3%
Jun 30, 2021Jun 21 Reported Aug 16, 2021Reported Aug 16	$0.05	$0.07	-	-28.57%	Miss	-	-	+150.0%
Mar 31, 2021Mar 21 Reported May 6, 2021Reported May 6	$0.03	N/A	-	-57.14%	Miss	-	-	-25.0%
Dec 31, 2020Dec 20 Reported Feb 18, 2021Reported Feb 18	$0.11	$0.11	-	+0.00%	Beat	-	-	+157.3%
Sep 30, 2020Sep 20 Reported Nov 5, 2020Reported Nov 5	$0.12	$0.14	-	-14.29%	Miss	-	-	+100.0%
Jun 30, 2020Jun 20 Reported Aug 6, 2020Reported Aug 6	$-0.10	$-0.02	-	-400.00%	Miss	-	-	-400.0%
Mar 31, 2020Mar 20 Reported May 14, 2020Reported May 14	$0.04	$0.02	-	+100.00%	Beat	-	-	+500.0%
Dec 31, 2019Dec 19 Reported Feb 19, 2020Reported Feb 19	$-0.19	$0.05	-	-483.80%	Miss	3	No revisions (30d)	-283.8%
Sep 30, 2019Sep 19 Reported Nov 7, 2019Reported Nov 7	$0.06	$0.05	-	+20.00%	Beat	-	-	+300.0%
Jun 30, 2019Jun 19 Reported Aug 7, 2019Reported Aug 7	$-0.02	$-0.02	-	+0.00%	Beat	-	-	+71.4%
Mar 31, 2019Mar 19 Reported May 9, 2019Reported May 9	$-0.01	N/A	-	+66.67%	Beat	-	-	+66.7%
Dec 31, 2018Dec 18 Reported Feb 25, 2019Reported Feb 25	$-0.05	$-0.05	-	+0.00%	Beat	5	No revisions (30d)	-25.0%
Sep 30, 2018Sep 18 Reported Nov 7, 2018Reported Nov 7	$-0.03	$-0.04	-	+25.00%	Beat	-	-	-275.0%
Jun 30, 2018Jun 18 Reported Aug 13, 2018Reported Aug 13	$-0.07	$-0.04	$-0.04 - $-0.04	-75.00%	Miss	1	No revisions (30d)	-250.0%
Mar 31, 2018Mar 18 Reported May 9, 2018Reported May 9	$-0.03	$-0.02	$-0.02 - $-0.02	-50.00%	Miss	1	No revisions (30d)	-250.0%
Dec 31, 2017Dec 17 Reported Feb 28, 2018Reported Feb 28	$-0.04	$-0.01	$-0.02 - $-0.01	-300.00%	Miss	2	No revisions (30d)	-300.0%
Sep 30, 2017Sep 17 Reported Nov 2, 2017Reported Nov 2	$-0.01	$0.01	$-0.02 - $0.03	-180.00%	Miss	4	No revisions (30d)	-
Jun 30, 2017Jun 17 Reported Aug 3, 2017Reported Aug 3	$-0.02	$0.04	$-0.01 - $0.04	-150.00%	Miss	5	1 0 30d	-
Mar 31, 2017Mar 17 Reported May 4, 2017Reported May 4	$0.02	$0.02	-	+0.00%	Beat	-	-	-
Dec 31, 2016Dec 16 Reported Feb 22, 2017Reported Feb 22	$-0.01	$0.02	-	-150.00%	Miss	-	-	-

Dividends

Dividend Metrics

Forward Yield0.38%

Forward Annual Dividend$0.06

Payout Ratio4.14%

FrequencyQuarterly

Pay MonthsMar, May, Aug, Nov

Growth

3Y CAGR-8.19%

AG dividend history and ex-dividend dates Run AG in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	18.09	EV/EBITDA	7.11x
Price/FCF	11.61x	FCF Yield	8.62%
Profitability
Profit Margin	21.20%	Operating Margin	47.80%
ROE	13.40%	ROIC	15.62%
Financial Health
Debt/Equity	0.10x	Interest Coverage	43.53x
Current Ratio	2.57x	Quick Ratio	2.38x
Trading Statistics
Beta	2.19	Avg Volume	9.81M
52-Week High	$31.99	52-Week Low	$10.17

Technical Indicators Dashboard

Moving Averages

SMA 10$16.83

SMA 20$17.80

SMA 50$19.08

SMA 200$20.15

EMA 10$16.76

EMA 20$17.51

EMA 50$18.28

EMA 200$18.11

MACD

Line: -0.86Signal: -0.67Hist: -0.19

ADX

ADX: 26.1+DI: 13.9-DI: 35.8

Aroon & PSAR

Aroon Up4.0

Aroon Down96.0

PSAR$16.65

Bollinger Bands

Upper Band$20.37

Lower Band$15.22

%B Position2894%(Upper)

Band Width0.17

RSI (14-Day)

Neutral

37.4

Momentum Oscillators

Stoch %K14.4

Stoch %D12.1

Williams %R-65.6

ROC (10d)-8.8%

Momentum-1.56

CCI (20d)-137.0

MFI (14d)36.7

Volatility Measures

ATR (14d)$0.85(5.3%)

StdDev (20d)1.29

Hist Vol54.9%(High)

Volume Flow

VWAP$15.79

OBV409.5M

AD Line115.4M

CMF (20d)0.114

Volume Metrics

Avg Vol (20d)9.8M

Vol Ratio1.0x

VWMA (20d)$17.77

Pivot Points

R3$16.79

R2$16.36

R1$15.81

Pivot Point$15.38

S1$14.83

S2$14.40

S3$13.85

Advanced Oscillators

TSI-24.43

Ultimate Osc42.3

KST-142.39

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$415.50M	$470.07M	$471.05M	$286.72M	$264.73M	$245.99M	$172.34M	$146.99M	$136.74M	$106.56M	$136.95M	$133.80M
Cost of Revenue	$148.69M	$210.29M	$232.77M	$187.64M	$215.38M	$182.19M	$94.92M	$118.47M	$121.28M	$106.88M	$96.73M	$120.77M
Gross Profit	$266.81M	$259.78M	$238.28M	$99.08M	$49.35M	$63.80M	$77.42M	$28.52M	$15.46M	$-321,000	$40.21M	$13.03M

Operating Expenses	$69.27M	$27.07M	$24.79M	$20.23M	$9.87M	$28.30M	$51.76M	$24.38M	$29.78M	$18.92M	$37.79M	$31.16M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$13.93M	$22.65M	$18.99M	$14.69M	$15.99M	$17.87M	$11.41M	$11.99M	$12.55M	$13.41M	$8.15M	$12.84M
Operating Income	$197.54M	$232.71M	$213.49M	$78.85M	$39.48M	$35.51M	$25.66M	$4.15M	$-14,318,000	$-19,243,000	$2.42M	$-18,134,000

Interest Income	$1.70M	$7.29M	$4.50M	$2.91M	$3.62M	$3.67M	$325,000	$1.71M	$2.45M	$756,000	$1.57M	$1.53M
Interest Expense	$3.58M	$5.89M	$4.25M	$4.33M	$5.01M	$4.22M	$1.37M	$4.46M	$4.93M	$4.68M	$4.16M	$4.91M
Income Before Tax	$193.96M	$237.65M	$265.66M	$66.32M	$38.02M	$29.05M	$20.15M	$-2,184,000	$-17,737,000	$-26,685,000	$23.62M	$-23,598,000
Income Tax Expense	$68.07M	$92.21M	$158.85M	$23.36M	$-18,561,000	$22.81M	$33.63M	$24.41M	$30.51M	$-13,122,000	$13.39M	$3.55M

Net Income	$109.43M	$126.32M	$84.41M	$26.98M	$56.58M	$6.24M	$-13,478,000	$-26,593,000	$-48,251,000	$-13,563,000	$10.23M	$-27,149,000

EBITDA	$250.18M	$301.95M	$346.62M	$125.84M	$117.09M	$96.04M	$60.39M	$34.52M	$19.18M	$4.21M	$-162,072,000	$9.68M
EBIT	$201.40M	$243.54M	$269.91M	$70.65M	$43.03M	$33.27M	$26.34M	$2.27M	$-12,804,000	$-22,004,000	$-193,165,000	$-18,688,000

* Some calculated fields are derived from available data when not provided by source

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News

First Majestic Silver Corp. (TSX:AG) Climbs 5.02% as Positive Momentum Lifts Investor Interest

First Majestic Silver Corp. (TSX:AG) saw its shares climb 5.02% on October 15, 2026, driven by positive investor sentiment around silver prices and mine performance expectations. The company's business model centers...

kalkine.ca•Oct 16, 2026 10:09 AM ET10/16/26•Somewhat-Bullish

First Majestic Pauses NAFTA Tax Arbitration as Mexico Settlement Framework Reached

First Majestic Silver has temporarily suspended its NAFTA Chapter 11 arbitration with the Mexican government over a long-standing tax dispute. Both parties have agreed on a settlement framework and secured a tribunal...

The Globe and Mail•Oct 14, 2026 7:43 AM ET10/14/26•Bullish

First Majestic, Mexico Agree on Framework to Settle Legacy Tax Dispute

First Majestic Silver Corp. announced an agreement with the Mexican tax authority on a framework to resolve a long-standing tax dispute. The dispute centered on the valuation of silver for tax purposes during a specific...

Moomoo•Oct 13, 2026 2:40 PM ET10/13/26•Bullish

First Majestic says agrees in principle with Mexico on tax settlement framework (AG:NYSE)

First Majestic Silver Corp. announced an agreement in principle with the Mexican government to resolve a long-standing tax dispute. The company will temporarily suspend NAFTA arbitration proceedings as part of this...

Seeking Alpha•Oct 13, 2026 9:40 AM ET10/13/26•Bullish

A tax settlement framework is agreed in principle as First Majestic Silver (AG) pauses arbitration.

First Majestic Silver Corp. (AG) has agreed to temporarily suspend its NAFTA arbitration proceedings against the Government of Mexico until December 31...

Stock Titan•Oct 13, 2026 7:40 AM ET10/13/26•Somewhat-Bullish

AG Valuation and Fair Value

P/E: 18.1x
Forward P/E: 22.4x
EV/EBITDA: 7.1x
P/FCF: 11.6x
PEG: 0.0x
P/B: 2.7x

See GNG's fair value

AG Profitability: Margins, ROIC and FCF

Gross margin: 52.6%
Operating margin: 47.8%
Net margin: 21.2%
ROIC: 15.6%
ROE: 13.4%
FCF margin: 42.3%
FCF yield: 8.6%

AG Competitors

Company	Ticker
Compania de Minas Buenaventura SAA ADR	BVN
MP Materials Corp	MP
Westlake Chemical Corporation	WLK
Eastman Chemical Company	EMN
NewMarket Corporation	NEU
Commercial Metals Company	CMC
Element Solutions Inc	ESI
Axalta Coating Systems Ltd	AXTA

Sector: Basic Materials

AG Analyst Ratings

Consensus: Buy
Analysts: 6
Strong Buy: 2
Buy: 3
Hold: 1
Sell: 0
Strong Sell: 0

AG Bull Case vs Bear Case

Bull case

AG earns a 15.6% return on invested capital.
AG converts 42.3% of revenue into free cash flow.
AG has a 21.2% net profit margin.

Bear case

AG beat EPS estimates in 12.5% of its last 8 reported quarters.

AG Earnings: Beat Rate and Next Report

Beat rate: 1 of 8 quarters (12.5%)
Average surprise: -58.7%
EPS estimate (fiscal period ending Sep 30, 2026): $0.20
Estimate revisions (30 days, fiscal period ending Sep 30, 2026): 0 up, 2 down

AG Dividend

Forward yield: 0.4%
Payout ratio: 4.1%
3Y DPS growth: -8.2%
Pay months: Mar, May, Aug, Nov

AG dividend history

Frequently Asked Questions About AG

What is AG's current dividend yield?

First Majestic Silver Corp (AG) has a forward dividend yield of 0.38%.

Does AG pay dividends?

Yes, First Majestic Silver Corp pays dividends with a forward dividend yield of 0.38%.

What is AG's P/E ratio?

First Majestic Silver Corp has a price-to-earnings (P/E) ratio of 18.09.

What is AG's market cap?

First Majestic Silver Corp (AG) has a market capitalization of $7.93B with a current stock price of $16.10.

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