AG

Company Overview — What Does FIRST MAJESTIC SILVER CORP Do?

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares. The company also holds 100% interests in the La Parrilla Silver Mine that covers an area of 69,478 hectares located in Durango; the Del Toro Silver Mine consisting of 3,815 hectares of mining concessions and 219 hectares of surface rights located in Zacatecas; the San Martin Silver Mine includes 33 mining concessions covering an area of 12,795 hectares located in Jalisco; and the La Guitarra Silver Mine that covers an area of 39,714 hectares located in Mexico. In addition, it holds interest in the Springpole project, a gold and silver project covering an area of approximately 41,913 hectares in Ontario, Canada. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada. FIRST MAJESTIC SILVER CORP (AG) is classified as a large-cap stock in the Materials sector, specifically within the Precious Metals industry. The company is led by CEO Keith Neumeyer and employs approximately 5,290 people, headquartered in VANCOUVER, British Columbia. With a market capitalization of $10.9B, AG is one of the prominent companies in the Materials sector.

FIRST MAJESTIC SILVER CORP (AG) Stock Rating — Hold (April 2026)

As of April 2026, FIRST MAJESTIC SILVER CORP receives a Hold rating with a composite score of 52.3/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.AG ranks #1,847 out of 4,446 stocks in our coverage universe. Within the Materials sector, FIRST MAJESTIC SILVER CORP ranks #119 of 284 stocks, placing it in the upper half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

AG Stock Price and 52-Week Range

FIRST MAJESTIC SILVER CORP (AG) currently trades at $20.58. The stock lost $0.01 (0.0%) in the most recent trading session. The 52-week high for AG is $32.03, which means the stock is currently trading -35.8% from its annual peak. The 52-week low is $5.18, putting the stock 296.9% above its annual trough. Recent trading volume was 11.8M shares, indicating strong institutional interest and high liquidity.

Is AG Overvalued or Undervalued? — Valuation Analysis

FIRST MAJESTIC SILVER CORP (AG) carries a value factor score of 47/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The price-to-book ratio stands at 7.76x, versus the sector average of 2.83x. The price-to-sales ratio is 4.68x, compared to 0.74x for the average Materials stock. On an enterprise value basis, AG trades at 28.03x EV/EBITDA, versus 6.01x for the sector.

Overall, AG's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

FIRST MAJESTIC SILVER CORP Profitability — ROE, Margins, and Quality Score

FIRST MAJESTIC SILVER CORP (AG) earns a quality factor score of 35/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -30.2%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -20.6% versus the sector average of 0.6%.

On a margin basis, FIRST MAJESTIC SILVER CORP reports gross margins of 38.5%, compared to 29.8% for the sector. The operating margin is -0.7% (sector: 6.0%). Net profit margin stands at -18.2%, versus 3.0% for the average Materials stock. Revenue growth is running at -0.0% on a trailing basis, compared to 1.8% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

AG Debt, Balance Sheet, and Financial Health

FIRST MAJESTIC SILVER CORP has a debt-to-equity ratio of 16.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $221M. Cash and equivalents stand at $202M.

AG has a beta of 1.33, meaning it is more volatile than the broader market — a $10,000 investment in AG would be expected to move 32.7% more than the S&P 500 on any given day. The stability factor score for FIRST MAJESTIC SILVER CORP is 34/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

FIRST MAJESTIC SILVER CORP Revenue and Earnings History — Quarterly Trend

In TTM 2026, FIRST MAJESTIC SILVER CORP reported revenue of $561M and earnings per share (EPS) of $-0.34. Net income for the quarter was $-102M. Gross margin was 38.5%. Operating income came in at $-4M.

In FY 2024, FIRST MAJESTIC SILVER CORP reported revenue of $561M and earnings per share (EPS) of $-0.34. Net income for the quarter was $-102M. Gross margin was 38.5%. Revenue grew -0.0% year-over-year compared to FY 2023. Operating income came in at $-4M.

In FY 2023, FIRST MAJESTIC SILVER CORP reported revenue of $561M. Net income for the quarter was $-135M. Gross margin was 24.5%. Revenue grew -8.1% year-over-year compared to FY 2022. Operating income came in at $-180M.

In FY 2022, FIRST MAJESTIC SILVER CORP reported revenue of $610M. Net income for the quarter was $-114M. Gross margin was 22.7%. Revenue grew 4.5% year-over-year compared to FY 2021. Operating income came in at $-46M.

Over the past 8 quarters, FIRST MAJESTIC SILVER CORP has demonstrated a growth trajectory, with revenue expanding from $301M to $561M. Investors analyzing AG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

AG Dividend Yield and Income Analysis

FIRST MAJESTIC SILVER CORP (AG) does not currently pay a dividend. This is common among growth-oriented companies in the Precious Metals industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

AG Momentum and Technical Analysis Profile

FIRST MAJESTIC SILVER CORP (AG) has a momentum factor score of 81/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 66/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 46/100 reflects moderate short selling activity.

AG vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, FIRST MAJESTIC SILVER CORP (AG) ranks #119 out of 284 stocks based on the Blank Capital composite score. This places AG in the upper half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing AG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full AG vs S&P 500 (SPY) comparison to assess how FIRST MAJESTIC SILVER CORP stacks up against the broader market across all factor dimensions.

AG Next Earnings Date

No upcoming earnings date has been announced for FIRST MAJESTIC SILVER CORP (AG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy AG? — Investment Thesis Summary

FIRST MAJESTIC SILVER CORP presents a balanced picture with arguments on both sides. The quality score of 35/100 flags below-average profitability. Price momentum is positive at 81/100, suggesting the trend favors buyers. High volatility (stability score 34/100) increases portfolio risk.

In summary, FIRST MAJESTIC SILVER CORP (AG) earns a Hold rating with a composite score of 52.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on AG stock.

Related Resources for AG Investors

Explore more research and tools: AG vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare AG head-to-head with peers: AG vs CF, AG vs NTR, AG vs UAN.