NYSE: AG

First Majestic Silver (AG) Stock Analysis & Forecast

Sep 28 close

$17.95−1.06 (−5.6%)

Gekko Brief

AI summary

First Majestic Silver has been driven this week by a broad precious-metals pullback alongside company-specific developments. AG outlined plans to expand production, advance exploration and restart its Jerritt Canyon gold operation as it looks to capitalize on higher precious-metals prices. This came alongside a stretch of declines tied to falling silver prices, a stronger U.S. dollar and a more hawkish rate environment, plus mention of rising Mexican operating costs and capital expenditure for multi-asset expansion in Mexico and Nevada. Separately, ratings firms have given AG an average recommendation of "Buy."

The stock closed at $17.95, down 5.6%, sitting below both its 50-day average of $18.86 and 200-day average of $20.14, with the 50-day below the 200-day. Over the past month the shares are down 17.4%, though they remain up 53.8% over the past year. The GekkoIndex reads 62.9, placing AG in the Accumulation zone, while the price sits 15.4% below the Gekko Fair Value of $21.22.

Over the next 20 trading days, the next earnings date falls outside that window at 4 November 2026, 36 days away, following a July report that missed estimates and drew a -1.2% reaction. In the last 30 days there has been 1 unusual options signal, with call premium of $893,906 against put premium of $105,728. Seasonality over the past 5 years shows an average 20-day return of 13%, rising in 5 of those years, a pattern worth noting given current volatility, with a typical 20-day move of 10.7%.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

First Majestic Silver price vs fair value

$21.22$17.95Sep ’25Mar ’26Sep ’26
Close $17.95200-day averageGekko Fair Value $21.22

First Majestic Silver quick facts

Market cap
$8.85B
P/E ratio
27.2
Forward P/E
22.4
EPS, TTM
$0.70
Revenue, TTM
$1.64B
Profit margin
21.2%
Dividend yield
0.25%
Beta
2.19
Volume
9.98M avg 8.96M
1-year return
+53.8%
Typical daily move
±5.9%
Typical 20-day move
±10.7%
50-day average
$18.86
200-day average
$20.14
Next earnings
Nov 4
Shares outstanding
492.9M
52-week range
$10.19$32.03

First Majestic Silver swing-trade checklist

First Majestic Silver scores 5 supportive, 0 mixed and 1 headwind across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

5 supportive0 mixed1 headwind

  • Trendheadwind

    Below 50 and 200-day

    Close $17.95 is below the 50-day ($18.86) and 200-day ($20.14) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    62.9, Accumulation

    Reading 62.9 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    15.4% below

    Price is 15.4% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 30 days: 1 unusual options signal.

    See smart money
  • Earnings risksupportive

    Reports in 36 days

    Next report Nov 4, 2026, 36 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +13.0% on average

    From this point in the calendar, the next 20 trading days averaged +13% over 5 years, rising in 5 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

First Majestic Silver stock chart and price history

First Majestic Silver closed at $17.95 on Sep 28, 2026, +53.8% over the past year, inside a 52-week range of $10.19 to $32.03.

Close50-day average200-day averageVolume
First Majestic Silver share price, past year, with 50-day and 200-day moving averages and volume$10$15$20$25$30NovDecJan 2026FebMarAprMayJunJulAugSep17.95

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−17.4%
3 months
+6.8%
6 months
−13.2%
1 year
+53.8%
The full AG chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open AG in Gekko

Follow First Majestic Silver through every session

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About First Majestic Silver

First Majestic Silver explores for, acquires, develops, and operates mineral properties across North America, with its work centered on producing silver and gold. It is best known for owning and running a group of mining properties in Mexico, including the San Dimas, Santa Elena, La Encantada, La Parrilla, Del Toro, San Martin, and La Guitarra sites, spread across several Mexican states.

Beyond Mexico, the company holds the Jerritt Canyon gold mine in Elko County, Nevada, and an interest in the Springpole gold and silver project in Ontario, Canada. Its business is organized around the full ownership and operation of these mining assets, covering exploration, development, and production activities.

First Majestic Silver traces its origins to 1979, when it was known as First Majestic Resource Corp., and it took on its present name in November 2006. The company is headquartered in Vancouver, Canada, and its shares are listed on the NYSE under the ticker AG.

Listed
NYSE
Sector
Non-energy minerals
Industry
Precious metals
Website
firstmajestic.com

First Majestic Silver GekkoIndex: the smart money zone

First Majestic Silver’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 62.9, in the Accumulation zone, up 2.8 points over five sessions.

010062.9Accumulation

Up 2.8 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying23+7.7%+9.9%+8.7%+38.4%
Accumulation (current zone)227+2.0%+2.9%+7.5%+15.9%
Neutral357+1.3%+3.9%+5.3%+15.7%
Distribution63−1.1%−3.8%+4.4%+1.6%
Selling2Too few readings yet

Average AG share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the AG price, zone by zone.Track AG in Gekko

Is First Majestic Silver stock overvalued? Gekko Fair Value

First Majestic Silver trades 15.4% below Gekko Fair Value of $21.22, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what First Majestic Silver shares are worth, recalculated every trading day.

$21.22

Gekko Fair Value, Sep 29, 2026

15.4% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open AG in Gekko

First Majestic Silver insider and Congress trading

No open-market insider purchases were filed for First Majestic Silver, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for AG in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every AG insider filing, plotted on the chart in Gekko.Open AG in Gekko

Congress trades last 90 days

No trades in AG were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for AG, plotted on the chart in Gekko.Open AG in Gekko

Buybacks

First Majestic Silver has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$22.74M
As a share of market cap
0.26%

From company filings.

Unusual options activity last 30 days

1signal, 89% of the flagged premium in calls.

Latest: Bullish flow on Sep 19, $1,000K in unusual premium.

Every signal with its contract, strike and premium.Unlock in Gekko

First Majestic Silver earnings: next date and track record

First Majestic Silver reports on Nov 4, 2026 (36 days away), and beat the EPS estimate in 1 of its last 8 reports.

1 of 8reports beat the EPS estimate
±6.3%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

−1.4%Nov ’24+3.4%Feb ’25−13.8%May ’25−1.1%Aug ’25−5.7%Nov ’25+21.9%Feb ’26+1.7%May ’26−1.2%Jul ’26
ReportedEPSSurpriseRevenueSurpriseMove
Jul 30, 2026$0.21
est $0.25
−16.0%$415.5M
est $496.0M
−16.2%−1.2%
May 12, 2026$0.31
est $0.33
−6.1%$476.7M
est $522.0M
−8.7%+1.7%
Feb 19, 2026$0.30
est $0.22
+34.7%$463.9M
est $403.7M
+14.9%+21.9%
Nov 5, 2025$0.07
est $0.11
−36.4%$285.1M
est $308.0M
−7.4%−5.7%
Aug 14, 2025$0.04
est $0.06
−33.3%$264.7M
est $387.2M
−31.6%−1.1%
May 7, 2025$0.05
est $0.06
−16.7%$243.2M
est $350.9M
−30.7%−13.8%
Feb 20, 2025$0.03
est $0.05
−40.0%$172.3M
est $158.8M
+8.5%+3.4%
Nov 7, 2024−$0.03
est $0.01
−400.0%$147.0M
est $227.5M
−35.4%−1.4%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

First Majestic Silver stock forecast and analyst price targets

Analysts’ average 12-month price target for First Majestic Silver is $24.75, +37.9% from the last close.

$24.75consensus 12-month target, +37.9% from the last close
+7.5%average 20-day move after past Accumulation readings
+13.0%average move over the next 20 trading days in the last 5 years
±5.9%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

First Majestic Silver seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, First Majestic Silver averaged +13.0% across the last 5 years, rising in 5 of them.

Next 20 trading days, by year

+19.2%2021+16.8%2022+6.8%2023+27.7%2024+0.2%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+5.9%4 of 5
Next 10 trading days+8.9%5 of 5
Next 15 trading days+12.9%5 of 5
Next 20 trading days+13.0%5 of 5
Next 30 trading days+9.1%3 of 5

For scale, AG’s typical 20-trading-day move in either direction is about 10.7%.

First Majestic Silver market cap and key statistics

First Majestic Silver’s market cap is $8.85B, with a P/E ratio of 27.2 and revenue of $1.64B over the last twelve months.

Valuation

Market cap
$8.85B
P/E ratio
27.2
Forward P/E
22.4
EPS, TTM
$0.70
Gekko Fair Value
$21.22

Trading

Volume
9.98M
Avg volume, 20 days
8.96M
52-week high
$32.03
52-week low
$10.19
Shares outstanding
492.9M

Financials

Revenue, TTM
$1.64B
Profit margin
21.2%
Return on equity
13.4%
Quarterly earnings growth, YoY
+102.4%

Risk and income

Beta
2.19
Typical daily move
±5.9%
Typical 20-day move
±10.7%
Dividend yield
0.25%

First Majestic Silver peers

First Majestic Silver’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
NEMNewmont+0.5%Accumulation18.4% below
AEMAgnico Eagle Mines+0.4%Accumulation7.4% below
BBarrick Mining+0.5%Accumulation7.3% above
WPMWheaton Precious Metals−0.2%Accumulation4.2% above
FNVFranco-Nevada−0.7%Accumulation10.4% above
KGCKinross Gold+1.2%Buying2.6% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

First Majestic Silver stock FAQ

What is First Majestic Silver’s market cap?

First Majestic Silver’s market cap is $8.85B at the Sep 28, 2026 close of $17.95, with 492.9M shares outstanding. The shares trade on a P/E ratio of 27.2.

What is the First Majestic Silver stock forecast?

The consensus analyst 12-month price target for First Majestic Silver is $24.75, +37.9% from the last close. Gekko doesn’t publish price predictions of its own.

Is First Majestic Silver stock overvalued or undervalued?

On Gekko’s estimate First Majestic Silver is undervalued: the Sep 28, 2026 close of $17.95 is 15.4% below Gekko Fair Value of $21.22. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does First Majestic Silver report earnings next?

First Majestic Silver is expected to report on Nov 4, 2026 (36 days away). Analysts expect earnings of $0.20 per share on revenue of $423.0M. First Majestic Silver beat the earnings estimate in 1 of its last 8 reports, moving 6.3% on average across the report.

What is First Majestic Silver’s 52-week high and low?

First Majestic Silver’s 52-week high is $32.03 and its 52-week low is $10.19; it closed at $17.95 on Sep 28, 2026, +53.8% over the past year.

Is First Majestic Silver stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 5 of the 6 items with data read as supportive (gekkoindex, fair value, smart money, earnings risk and seasonality) and 1 as a headwind (trend). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in First Majestic Silver?

Gekko flagged 1 unusual options signal in First Majestic Silver over the last 30 days, with $894K of flagged premium in calls and $106K in puts. The latest, bullish flow, was on Sep 19, 2026 with $1,000K in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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