First Majestic Silver Corp. (TSX:AG)
Canada flag Canada · Delayed Price · Currency is CAD
22.31
+0.14 (0.63%)
Jul 20, 2026, 4:00 PM EST

First Majestic Silver Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, First Majestic Silver stock has a consensus rating of "Buy" and an average price target of $36.50. The average 1-year stock price forecast is 63.60% higher than the current stock price, while the lowest is $32.00 (+43.43%) and the highest is $42.00 (+88.26%).

Price Target: $36.50 (+63.60%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$32.00$36.50$36.00$42.00
Change+43.43%+63.60%+61.36%+88.26%

Analyst Ratings

The average analyst rating for First Majestic Silver stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy233333
Buy111112
Hold211111
Sell111110
Strong Sell000000
Total666666

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Scotiabank
Scotiabank
Hold
Maintains
$32.53$31.82
HoldMaintains$32.53$31.82+42.63%Jul 14, 2026
H.C. Wainwright
H.C. Wainwright
Buy
Reiterates
$36.77
BuyReiterates$36.77+64.82%Jul 13, 2026
ATB Cormark Capital Markets
ATB Cormark Capital Markets
Buy
Upgrades
$36.00$37.00
BuyUpgrades$36.00$37.00+65.84%Jul 10, 2026
BMO Capital
BMO Capital
Buy
Maintains
$35.00
BuyMaintains$35.00+56.88%May 13, 2026

Financial Forecast

Revenue This Year
1.46B
from 1.26B
Increased by 16.00%
Revenue Next Year
1.98B
from 1.46B
Increased by 36.01%
EPS This Year
1.02
from 0.46
Increased by 120.78%
EPS Next Year
1.04
from 1.02
Increased by 2.42%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
584.12M624.22M573.80M560.60M1.26B1.46B
Revenue Growth
60.53%6.87%-8.08%-2.30%124.25%16.00%
Operating Income
46.78M-51.61M-138.74M5.54M366.82M892.58M
Net Income
-4.92M-114.28M-135.11M-101.89M164.92M566.55M
EPS
----0.461.02
EPS Growth
-----120.78%
Forward PE
28.3028.9237.8117.0421.7615.60
Dividend / Share
0.020.020.020.020.020.04
Dividend Growth
-1.29%-14.41%-6.93%21.28%66.80%
Free Cash Flow
-9.84M-159.93M-84.10M54.97M503.16M636.83M
No. Analysts
-----1
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High1.5B
Avg1.5B
Low1.5B

Revenue Growth

Revenue Growth202620272028
High
16.0%
Avg
16.0%
Low
16.0%

EPS Forecast

EPS202620272028
High1.20
Avg1.02
Low0.83

EPS Growth

EPS Growth202620272028
High
161.4%
Avg
120.8%
Low
79.8%