First Majestic Silver Corp. logo

First Majestic Silver Corp.

AG

NYSEBasic MaterialsSilver

Previous close

$21.09

−$0.10 · -0.47%

Aug 21, 4:00 PM ET

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GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

78

Undervalued

Momentum

32

Weakening

Sentiment

66

Bullish

Risk resilience

28

High Risk

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Company profile

Company website

First Majestic Silver Corp. is a North American mining company dedicated to the exploration, acquisition, development, and operation of mineral properties, primarily concentrating on silver and gold output. The company fully owns and operates a portfolio of significant mining assets. In Mexico, these include the San Dimas Silver/Gold Mine (71,868 hectares in Durango and Sinaloa), the Santa Elena Silver/Gold Mine (102,244 hectares in Sonora), the La Encantada Silver Mine (4,076 hectares in Coahuila, complemented by 1,343 hectares of surface rights), the La Parrilla Silver Mine (69,478 hectares in Durango), the Del Toro Silver Mine (comprising 3,815 hectares of mining concessions and 219 hectares of surface rights in Zacatecas), the San Martin Silver Mine (12,795 hectares across 33 mining concessions in Jalisco), and the La Guitarra Silver Mine (39,714 hectares). Beyond Mexico, its holdings extend to the Jerritt Canyon gold mine, spanning approximately 30,821 hectares in Elko County, Nevada. Additionally, First Majestic maintains an interest in the Springpole project, a gold and silver prospect encompassing around 41,913 hectares in Ontario, Canada. Established in 1979, the firm initially operated as First Majestic Resource Corp. before adopting its current name, First Majestic Silver Corp., in November 2006. Its corporate headquarters are located in Vancouver, Canada.

Industry
Silver
Sector
Basic Materials
Headquarters
CA
CEO
Keith N. Neumeyer
Listed since
Nov 28, 2006
Employees
4,000

Market position

Day range

Current $21.09

52-week range

Current $21.09

Open
$21.90
Previous close
$21.19
Volume
10.84M
0.91× average
Average volume
11.88M
Average daily volume
Market cap
10.4B USD
Beta
2.11
Market reference 1
50-day average
$17.3916
+21.27% above average
200-day average
$19.2461
+9.58% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.51B USD
EV / EBITDA
10.77×
Earnings yield
2.10%
Free cash flow yield
4.40%

Profitability & efficiency

Return on equity
6.09%
Return on assets
3.58%
Return on invested capital
4.49%

Financial health

Current ratio
2.6×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends41%15%-11%-38%Gross margin, FY2021: 17.27%Gross margin, FY2022: 2.67%Gross margin, FY2023: 4.45%Gross margin, FY2024: 34.29%Gross margin, FY2025: 34.81%Operating margin, FY2021: 8.38%Operating margin, FY2022: -6.25%Operating margin, FY2023: -31.02%Operating margin, FY2024: -0.67%Operating margin, FY2025: 27.84%Net margin, FY2021: -0.84%Net margin, FY2022: -18.23%Net margin, FY2023: -23.44%Net margin, FY2024: -18.17%Net margin, FY2025: 13.12%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 17.27%. Gross margin FY2022 2.67%. Gross margin FY2023 4.45%. Gross margin FY2024 34.29%. Gross margin FY2025 34.81%. Operating margin FY2021 8.38%. Operating margin FY2022 -6.25%. Operating margin FY2023 -31.02%. Operating margin FY2024 -0.67%. Operating margin FY2025 27.84%. Net margin FY2021 -0.84%. Net margin FY2022 -18.23%. Net margin FY2023 -23.44%. Net margin FY2024 -18.17%. Net margin FY2025 13.12%.

Income trends

Revenue

1.28B USD+128.18%

Operating income

356.06M USD+359.81M USD

Net income

167.81M USD+269.7M USD
Income trends across reported periods1.42B USD841.78M USD258.6M USD−324.58M USDRevenue, FY2021: 587.23M USDRevenue, FY2022: 626.85M USDRevenue, FY2023: 576.39M USDRevenue, FY2024: 560.6M USDRevenue, FY2025: 1.28B USDOperating income, FY2021: 49.2M USDOperating income, FY2022: −39.19M USDOperating income, FY2023: −178.78M USDOperating income, FY2024: −3.76M USDOperating income, FY2025: 356.06M USDNet income, FY2021: −4.92M USDNet income, FY2022: −114.28M USDNet income, FY2023: −135.11M USDNet income, FY2024: −101.89M USDNet income, FY2025: 167.81M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 587.23M USD. Revenue FY2022 626.85M USD. Revenue FY2023 576.39M USD. Revenue FY2024 560.6M USD. Revenue FY2025 1.28B USD. Operating income FY2021 49.2M USD. Operating income FY2022 −39.19M USD. Operating income FY2023 −178.78M USD. Operating income FY2024 −3.76M USD. Operating income FY2025 356.06M USD. Net income FY2021 −4.92M USD. Net income FY2022 −114.28M USD. Net income FY2023 −135.11M USD. Net income FY2024 −101.89M USD. Net income FY2025 167.81M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.28B USD560.6M USD576.39M USD626.85M USD587.23M USD
Cost of goods sold833.91M USD368.37M USD550.74M USD610.1M USD485.81M USD
Gross profit445.25M USD192.24M USD25.64M USD16.75M USD101.42M USD
Selling, general, and administrative89.19M USD53.09M USD50.38M USD48.7M USD37.68M USD
Operating expenses89.19M USD195.99M USD204.43M USD55.95M USD52.22M USD
Interest income14.95M USD4.99M USD3.8M USD2.26M USD1.07M USD
Interest expense15.06M USD14.7M USD15.25M USD12.43M USD17.04M USD
Depreciation and amortization280.72M USD128.62M USD126.17M USD137.41M USD118.28M USD
Operating income356.06M USD−3.76M USD−178.78M USD−39.19M USD49.2M USD
Net income167.81M USD−101.89M USD−135.11M USD−114.28M USD−4.92M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
9%
1 beat, 10 misses, 0 met estimates
Average EPS surprise
-82.93%
11 comparable reports
Latest EPS result
0.21
Estimate 0.25 · Miss by 16.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.370.260.140.03Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 0.03, estimate 0.05, surprise -40.00%, Miss. Q2 2025, reported May 7, 2025: actual 0.05, estimate 0.06, surprise -16.67%, Miss. Q3 2025, reported Aug 14, 2025: actual 0.04, estimate 0.06, surprise -33.33%, Miss. Q4 2025, reported Nov 5, 2025: actual 0.07, estimate 0.11, surprise -36.36%, Miss. Q1 2026, reported Feb 19, 2026: actual 0.3, estimate 0.223, surprise +34.71%, Beat. Q2 2026, reported May 12, 2026: actual 0.31, estimate 0.33, surprise -6.06%, Miss. Q3 2026, reported Jul 30, 2026: actual 0.21, estimate 0.25, surprise -16.00%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.2, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates551.05M412.37M273.69M135MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 172.34M USD, estimate 158.83M USD, surprise +8.51%, Beat. Q2 2025, reported May 7, 2025: actual 243.21M USD, estimate 350.92M USD, surprise -30.70%, Miss. Q3 2025, reported Aug 14, 2025: actual 264.73M USD, estimate 387.25M USD, surprise -31.64%, Miss. Q4 2025, reported Nov 5, 2025: actual 285.1M USD, estimate 308M USD, surprise -7.44%, Miss. Q1 2026, reported Feb 19, 2026: actual 463.92M USD, estimate 403.71M USD, surprise +14.92%, Beat. Q2 2026, reported May 12, 2026: actual 476.67M USD, estimate 522M USD, surprise -8.68%, Miss. Q3 2026, reported Jul 30, 2026: actual 415.5M USD, estimate 496M USD, surprise -16.23%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 423M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

11 ratings
Strong buy00%
Buy436%
Hold655%
Sell19%
Strong sell00%

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