First Majestic Silver (TSE:AG) Stock Jumps 2.6% – Still a Buy?

First Majestic Silver Corp. (TSE:AG) shares traded up 2.6% on Friday. The stock traded as high as C$21.49 and last traded at C$21.39. Approximately 1,946,702 shares traded hands during trading, an increase of 5% from the average daily volume of 1,861,809 shares. The stock had previously closed at C$20.84.

Key Headlines Impacting First Majestic Silver

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

• Positive Sentiment: Third-quarter revenue was reported at US$394.1 million, above the FactSet estimate of US$390 million. The company also reported higher revenue for the quarter and first nine months of 2026; its earnings release said quarterly earnings were C$0.27 per share. Q3 revenue versus estimate Higher third-quarter and nine-month revenue
• Negative Sentiment: AG declared a quarterly dividend of $0.0142 per share, a 6.6% reduction from the previous $0.0152 payment. The cut is a modest negative signal for income-focused investors, although the stated annualized yield is about 0.3%.

First Majestic Silver Stock Performance

The firm has a market capitalization of C$10.55 billion, a P/E ratio of 30.56 and a beta of 2.96. The firm has a 50-day moving average of C$24.76 and a 200-day moving average of C$27.54.

First Majestic Silver (TSE:AG) last issued its earnings results on Thursday, November 5th. The company reported C$0.27 EPS for the quarter. First Majestic Silver had a return on equity of 13.43% and a net margin of 22.50%. The business had revenue of C$561.06 million for the quarter. On average, research analysts forecast that First Majestic Silver Corp. will post 0.46 EPS for the current fiscal year.

First Majestic Silver Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 30th will be issued a $0.0142 dividend. This is a decrease from First Majestic Silver’s previous quarterly dividend of $0.0152. This represents a $0.06 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, November 16th. First Majestic Silver’s dividend payout ratio is 5.06%.

About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Santa Elena Silver/Gold Mine, the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the San Dimas Silver/Gold Mine, and La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold Mine, which the Company is currently in the process of re-starting.