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First Majestic Silver Corp. AG.TO · Stock Open First Majestic Silver Corp. in new tab

26.75 CAD
P/E
26.82
EPS
0.98
Yield
0.18%
Safety Score
92
P/B
3.11
ROE
13.43
Beta
2.11
Target Price
34.50 CAD
First Majestic Silver Corp. logo

First Majestic Silver Corp.

🧾 Earnings Recap – Q1 2026

Shares in First Majestic Silver edged up 1.9% following Q1 results that showed modest operational improvements and solid revenue growth, but the market remains cautious given cost pressures and a conservative outlook on mine grade adjustments.

  • Q1 silver production reached 3.5 million ounces, representing 26% of 2026 midpoint guidance; gold came in at 28%.
  • Record revenue of $477 million, nearly doubling year-over-year, driven by a sharp increase in realized silver price to $86.35/ounce (from $33.10 in Q1 2025).
  • Operating cash flow totaled $311 million or $0.63 per share.
  • Costs per ounce rose due to changes in mining ratios and lower cut-off grades allowing higher throughput but at higher unit costs.
  • Inventory holding increased with 676,000 silver ounces and 2,700 gold ounces valued at $63 million, reflecting a strategic choice to defer sales.
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Key Metrics
Earnings dateOct. 29, 2026
P/E26.82
EPS0.98
Book Value8.46
Price to Book3.11
Debt/Equity9.81
% Insiders1.091%
Growth
Revenue Growth0.57%
Earnings Growth1.02%
Estimates
Forward P/E18.42
Forward EPS1.43
Target Mean Price34.50
Dividend
Dividend Yield0.18%
Annual dividends0.03 CAD
Ex-Div. DateAug. 14, 2026
Payout4.99%
5y avg Yield0.26%

DCF Valuation

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Currency: CAD
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DCF Result

Fair Value (DCF)
Current Price
Upside
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Terminal PV
Σ PV of FCFs
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First Majestic Silver Corp. Logo First Majestic Silver Corp. Analysis (AG.TO)

Is First Majestic Silver Corp. a good investment? First Majestic Silver Corp. (AG.TO) is currently trading at 26.75 CAD. Market analysts have a consensus price target of 34.50 CAD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 26.82. This valuation is generally in line with the broader market.

Earnings Schedule: First Majestic Silver Corp. is expected to release its next earnings report on Oct. 29, 2026. The market consensus estimate for Forward EPS is 1.43.

For income investors, First Majestic Silver Corp. pays a dividend yield of 0.18%. With a payout ratio of 5%, the dividend appears sustainable.

Investor FAQ

Does First Majestic Silver Corp. pay a dividend?

Yes, it pays an annual dividend of 0.03 CAD (0.18% yield).

What asset class is First Majestic Silver Corp.?

First Majestic Silver Corp. is classified as a Stock.

When is the next earnings date?

The next earnings date is projected to be Oct. 29, 2026. The company currently has a trailing EPS of 0.98.

Company Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits. Its projects include the San Dimas silver/gold mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena silver/gold mine that covers an area of approximately 102,244 hectares located in Sonora State, Mexico; the Los Gatos Silver Mine covering an area of approximately 103,000 hectares located in Chihuahua, Mexico; and the La Encantada silver mine that covers an area of approximately 4,076 hectares located in Coahuila State, Mexico. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.

Trades
Dividend Yield
0.18%
5y avg 0.26%
Annual Dividends
0.03CAD
Next Ex. Div Date
Aug. 14, 2026
Payout Ratio
4.99%
Dividend History paid per year (CAD)
Historical Dividends
Year Total Dividends
2027
0.03 CAD
May 31, 2027 (estimated) 0.0230
March 24, 2027 (estimated) 0.0094
2026
0.07 CAD
Nov. 30, 2026 (estimated) 0.0082
Sept. 16, 2026 (estimated) 0.0070
Aug. 31, 2026 0.0213
May 29, 2026 0.0230
March 16, 2026 0.0110
2025
0.03 CAD
Nov. 28, 2025 0.0070
Sept. 15, 2025 0.0070
May 30, 2025 0.0060
March 14, 2025 0.0080
2024
0.02 CAD
Nov. 29, 2024 0.0070
Aug. 30, 2024 0.0060
June 7, 2024 0.0050
March 28, 2024 0.0060
2023
0.03 CAD
Nov. 30, 2023 0.0060
Aug. 31, 2023 0.0070
June 9, 2023 0.0080
March 24, 2023 0.0070
2022
0.03 CAD
Dec. 2, 2022 0.0080
Aug. 31, 2022 0.0080
June 10, 2022 0.0080
April 4, 2022 0.0100
2021
0.02 CAD
Nov. 30, 2021 0.0060
Sept. 16, 2021 0.0080
June 4, 2021 0.0050
Upcoming Dividends
Name Payment Date Status Amount
First Majestic Silver Corp. Aug 31, 2026 Upcoming 0.021305 CAD
First Majestic Silver Corp. May 29, 2026 0.023 CAD
First Majestic Silver Corp. Mar 16, 2026 0.011 CAD
First Majestic Silver Corp. Nov 28, 2025 0.007 CAD
First Majestic Silver Corp. Sep 15, 2025 0.007 CAD
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