Silver Prices Surpass $90, Related Stocks Rally
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
- Record Silver Prices: Spot silver prices surpassed $90 per ounce for the first time on Tuesday, reaching $90.55 by Wednesday morning, reflecting strong market demand and investor confidence with a 27% year-to-date increase.
- Stock Rally: Stocks related to silver surged, with Hecla Mining up 3.4%, Endeavour Silver rising 3.3%, and First Majestic Silver increasing by 3.2%, indicating optimistic market sentiment towards the silver sector.
- Strong ETF Performance: Silver-related exchange-traded funds (ETFs) also saw significant gains, with the Abrdn Physical Silver Shares ETF and iShares Silver Trust rising by 4% and 4.2% respectively, showcasing sustained investor interest in silver.
- Positive Long-Term Outlook: BlackRock maintains a positive long-term view on silver, suggesting that 2026 returns will depend on how management teams allocate increased cash flows, highlighting the importance of discipline between dividend increases and over-investment.
Analyst Views on AG
Wall Street analysts forecast AG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AG is 15.06 USD with a low forecast of 12.50 USD and a high forecast of 17.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 24.220
Low
12.50
Averages
15.06
High
17.50
Current: 24.220
Low
12.50
Averages
15.06
High
17.50
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.
