First Majestic Silver Corp. (AG)

First Majestic Silver Stock Forecast

Stock Price Forecast

The 3 analysts that cover First Majestic Silver stock have a consensus rating of "Strong Buy" and an average price target of $21.92, which forecasts a -14.74% decrease in the stock price over the next year. The lowest target is $12.75 and the highest is $30.

Price Target: $21.92 (-14.74%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$12.75	$21.92	$23	$30
Change	-50.41%	-14.74%	-10.54%	+16.69%

Analyst Ratings

The average analyst rating for First Majestic Silver stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Heiko F. Ihle HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $25 → $30	Strong Buy	Maintains	$25 → $30	+16.69%	Feb 20, 2026
Ovais Habib Scotiabank	Scotiabank	Hold Maintains $13 → $23	Hold	Maintains	$13 → $23	-10.54%	Jan 26, 2026
Heiko F. Ihle HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $18 → $25	Strong Buy	Maintains	$18 → $25	-4.71%	Jan 16, 2026
Ovais Habib Scotiabank	Scotiabank	Hold Maintains $9 → $13	Hold	Maintains	$9 → $13	-51.38%	Oct 23, 2025
Heiko F. Ihle HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $14 → $18	Strong Buy	Maintains	$14 → $18	-31.93%	Oct 10, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.43B

Increased by 13.75%

from 1.26B

Revenue Next Year

1.81B

Increased by 26.43%

from 1.43B

EPS This Year

0.96

Increased by 183.55%

from 0.34

EPS Next Year

1.11

Increased by 14.96%

from 0.96

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	584.12M	624.22M	573.80M	560.60M	1.26B	1.43B	1.81B
Revenue Growth	60.53%	6.87%	-8.08%	-2.30%	124.25%	13.75%	26.43%
EPS	-0.02	-0.43	-0.48	-0.34	0.34	0.96	1.11
EPS Growth	-	-	-	-	-	183.55%	14.96%
Forward PE	-	-	-	-	-	26.67	23.20
No. Analysts	-	-	-	-	-	9	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	1.7B	2.0B
Avg	1.4B	1.8B
Low	1.2B	1.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	31.3%	40.0%
Avg	13.7%	26.4%
Low	-7.0%	-0.2%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	1.26	1.38
Avg	0.96	1.11
Low	0.43	0.90

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	270.6%	42.7%
Avg	183.6%	15.0%
Low	26.8%	-6.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.