First Majestic Silver (NYSE:AG) Announces Earnings Results

First Majestic Silver (NYSE:AG) (TSE:FR) announced its quarterly earnings data on Thursday. The mining company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04), Zacks reports. First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. The company had revenue of $415.50 million during the quarter, compared to the consensus estimate of $496.00 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 57.3% compared to the same quarter last year.

Here are the key takeaways from First Majestic Silver’s conference call:

• Positive Sentiment: First Majestic reported strong Q2 results, with revenue up 53% year over year to $416 million, EBITDA up 110% to $252 million, and 3.8 million ounces of silver production. First-half production reached 7.3 million ounces, representing about half of the company’s recently increased full-year guidance.
• Positive Sentiment: The company ended June with approximately $1.25 billion in treasury assets, generated $195 million in quarterly free cash flow, increased its dividend by 270% year over year, and repurchased 1.2 million shares for $22 million.
• Positive Sentiment: Growth projects are advancing at Santa Elena and Jerritt Canyon. Santo Niño development has begun, with first ore targeted for late 2027, Navidad expected roughly 18 months later, and Jerritt Canyon production targeted for Q3 2027 with approximately 80% of planned new positions filled.
• Positive Sentiment: Operating performance remained favorable, including record throughput of 4,070 tonnes per day at Los Gatos and improving throughput at Santa Elena and La Encantada. Metallurgical testing for Santo Niño and Navidad indicated recoveries above 95% for both gold and silver, with higher expected silver grades.
• Negative Sentiment: Capital spending is expected to be heavily back-end loaded in 2026, with Los Gatos slightly behind its development budget. Management also cited potential large future cash requirements for the Mexico tax settlement and the Jerritt Canyon restart, while finished silver inventory rose above 1 million ounces after the company deferred sales during a sharp price decline.

First Majestic Silver Price Performance

Shares of AG stock opened at $15.10 on Friday. The business’s fifty day moving average is $17.54 and its 200 day moving average is $20.81. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 25.27 and a beta of 0.91. First Majestic Silver has a twelve month low of $7.74 and a twelve month high of $32.03.

First Majestic Silver Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a dividend of $0.0152 per share. The ex-dividend date is Friday, August 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. First Majestic Silver’s payout ratio is currently 11.67%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AG shares. Wall Street Zen lowered shares of First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. HC Wainwright increased their price objective on First Majestic Silver from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Friday. Scotiabank cut their price objective on First Majestic Silver from $23.00 to $22.50 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. ATB Cormark Capital Markets raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings downgraded shares of First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, First Majestic Silver has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Institutional Trading of First Majestic Silver

Hedge funds have recently modified their holdings of the business. SummitTX Capital L.P. bought a new stake in First Majestic Silver during the fourth quarter worth about $311,000. SPWM Advisors LLC purchased a new position in shares of First Majestic Silver during the fourth quarter valued at approximately $253,000. Equitable Holdings Inc. purchased a new position in shares of First Majestic Silver during the fourth quarter valued at approximately $243,000. Hollencrest Capital Management boosted its position in shares of First Majestic Silver by 10.9% in the 4th quarter. Hollencrest Capital Management now owns 14,530 shares of the mining company’s stock worth $242,000 after purchasing an additional 1,430 shares in the last quarter. Finally, Creative Planning grew its stake in shares of First Majestic Silver by 25.3% in the 2nd quarter. Creative Planning now owns 28,837 shares of the mining company’s stock worth $238,000 after buying an additional 5,828 shares during the last quarter. Institutional investors own 27.16% of the company’s stock.

Trending Headlines about First Majestic Silver

Here are the key news stories impacting First Majestic Silver this week:

• Positive Sentiment: Analysts assign First Majestic an average price target of $23.50, materially above the current trading level, suggesting expectations for considerable appreciation. First Majestic Silver Corp. Receives $23.50 Average PT from Analysts
• Positive Sentiment: Second-quarter operating performance was strong: revenue reached approximately $416 million, EBITDA was about $252 million, and free cash flow totaled $194.6 million. Higher realized silver and gold prices helped offset increased costs, while improved 2026 guidance and a substantial treasury—reported at up to $1.3 billion—provide flexibility for reinvestment or acquisitions. First Majestic Delivers $194.6 Million in Q2 Free Cash Flow
• Positive Sentiment: Seeking Alpha upgraded AG to Buy, arguing that the stock trades at a discount to intrinsic value if silver undergoes a broader re-rating. The company also declared a quarterly dividend of $0.0152 per share, payable August 31, although the roughly 0.4% annualized yield is modest. First Majestic Silver: The Silver Re-Rating Opportunity Returns
• Neutral Sentiment: Analysts and technical commentators see potential support after recent weakness, citing a bullish hammer pattern and upward earnings-estimate revisions. These signals could aid a rebound but are less reliable than fundamental results. First Majestic Could Find Support Soon
• Negative Sentiment: Reported EPS of $0.21 missed the $0.25 consensus estimate, and revenue of $415.5 million came in below the $496 million forecast. Labor disruptions, inventory accumulation and metals-price volatility remain additional execution risks, despite year-over-year revenue growth of 57.3%.

First Majestic Silver Company Profile

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.