First Majestic Silver Stock Price Volatility Analysis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2026
0mins
Should l Buy AG?
Source: Fool
- Stock Performance: First Majestic Silver's shares have surged over 230% in the past year but have also dropped nearly 30% from their 52-week high, indicating a complex market outlook that requires careful investor assessment.
- Silver Price Impact: Silver is expected to account for 58% of the company's revenues by 2025, with all precious metals comprising 90%, making the company highly sensitive to silver price fluctuations, which directly affect stock performance.
- Shareholder Returns: The company plans to increase its dividend payout from 1% to 2% of revenues, which, while not sufficient to attract all dividend investors, demonstrates its intent to reward shareholders in a high silver price environment.
- Future Outlook: Although the company may be more attractive in three years, its stock price will still be heavily influenced by silver prices, necessitating cautious consideration of future silver price trends by investors.
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Analyst Views on AG
Wall Street analysts forecast AG stock price to rise
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 20.680
Low
19.03
Averages
22.18
High
24.50
Current: 20.680
Low
19.03
Averages
22.18
High
24.50
About AG
First Majestic Silver Corp. is a mining company. The Company is focused on silver and gold production in Mexico and the United States. It owns and operates approximately 350,000 hectares of land package, which include the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, and a 70% joint venture interest in the Cerro Los Gatos Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. The Cerro Los Gatos Mine is located around 120 kms south of Chihuahua City, Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Mining Stocks Drop: Shares of gold and silver miners fell alongside declining precious metal prices, with First Majestic Silver shedding about 5% and both Coeur Mining and Hecla Mining losing nearly 4%, reflecting a bearish sentiment in the precious metals market.
- Adobe Downgrade: Adobe's stock dipped 1.4% after William Blair downgraded it from outperform to market perform, highlighting uncertainty regarding its position as an AI winner or loser, which may impact investor confidence.
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BMO Capital Upgrades First Majestic to Outperform with C$35 Target
- Rating Upgrade: BMO Capital has upgraded First Majestic Silver from Market Perform to Outperform with a C$35 price target, indicating that the shares are currently undervalued compared to historical trading multiples, which may attract more investor interest.
- Valuation Metrics: According to BMO's updated commodity price deck, First Majestic trades at 2.2x net asset value and 10x next-12-month cash flow, compared to historical multiples often exceeding 3x NAV and 15x cash flow, highlighting the attractiveness of its current valuation.
- Value Catalysts: The analyst pointed to
See More
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- Price Volatility: Silver prices surged past $100 per ounce at the start of 2023 but faced a steep decline by the end of January, followed by a corrective phase in February driven by profit-taking and increased volatility in commodity markets, resulting in a year-to-date decline of 2.19%.
- Market Performance: Despite closing in the red for 14 out of 20 trading sessions, silver remains above $65 per ounce compared to the same period last year, indicating a relatively strong market foundation and reflecting investor expectations for a potential price rebound.
- Mining Stock Performance: Andean Precious Metals (ANPMF) recorded the highest year-to-date loss at 36.01%, while First Majestic Silver (AG) gained 15.25%, illustrating the divergent responses of mining stocks to silver price fluctuations, which could influence investors' asset allocation strategies.
- Quant Rating Discrepancies: Among mining stocks, First Majestic Silver boasts a quant rating of 3.40, indicating its relatively strong market performance, whereas Andean Precious Metals has a lower quant rating of 4.92, reflecting the challenges it faces and a lack of investor confidence.
See More
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- Apple Services Strength: Evercore ISI reiterates Apple as outperform based on a survey of 3,500 smartphone users indicating continued strength in Apple Services like Apple TV, with both engagement and monetization trending higher, suggesting enhanced competitiveness in its services ecosystem.
- Ralph Lauren Brand Elevation: Citi upgrades Ralph Lauren from neutral to buy, citing management's brand elevation efforts that have driven strong performance, with a projected 6.5% sales CAGR and over 350bps EBIT margin expansion by FY26, indicating significant long-term growth potential.
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- AI Infrastructure Market Outlook: Bank of America initiates coverage of Nebius Group with a buy rating and a $150 price target, highlighting the company's differentiated offering in the rapidly growing AI Infrastructure-as-a-Service market, expected to benefit from sustained demand for AI computing.
See More
Silver Mining Faces Sharp Volatility Amid Geopolitical Tensions
- Stock Price Plunge: First Majestic Silver Corporation's stock plummeted 19% this week, reducing its market cap to $9.3 billion, reflecting investor concerns over geopolitical tensions that have sharply decreased demand for precious metals.
- Market Reaction Unusual: Typically, investors flock to precious metals during geopolitical crises; however, the sudden outbreak of war in Iran has led to declines in both silver and gold prices, indicating market panic over future economic uncertainties.
- Inflationary Pressures Rise: The war has caused oil prices to surge, leading to inflationary pressures on the dollar, which may result in higher interest rates, thereby increasing costs for international investors purchasing precious metals and further suppressing demand.
- Investment Strategy Shift: Given the current high market uncertainty, First Majestic Silver's focus on silver exposes it to greater risks, prompting a recommendation for investors to consider more stable investment options to mitigate potential losses.
See More
