(AG) First Majestic Silver - Overview
Stock: Silver, Gold, Mines
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.15% |
| Yield on Cost 5y | 0.12% |
| Yield CAGR 5y | 17.55% |
| Payout Consistency | 93.8% |
| Payout Ratio | 13.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 68.0% |
| Relative Tail Risk | -12.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.19 |
| Alpha | 250.07 |
| Character TTM | |
|---|---|
| Beta | 1.057 |
| Beta Downside | 1.006 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.87% |
| CAGR/Max DD | 0.99 |
Description: AG First Majestic Silver January 10, 2026
First Majestic Silver Corp. (NYSE: AG) is a Vancouver-based miner that acquires, explores, develops and operates silver-gold projects in Mexico. Its three primary operating assets are the San Dimas mine in Durango (≈71,867 ha), the Santa Elena mine in Sonora (≈102,244 ha) and the La Encantada mine in Coahuila (≈4,076 ha). The company, incorporated in 1979 and renamed from First Majestic Resource in 2006, reports all production in silver-equivalent ounces.
In 2023 the firm generated ~27 million oz Ag-eq of total production, with a cash cost of roughly $10.5 per oz Ag-eq and a net debt of $150 million, giving it a leverage ratio of about 1.3× EBITDA-metrics that place it in the mid-range of peer-group averages. The primary economic driver is the global silver price, which has risen 22 % year-to-date, supported by industrial demand for photovoltaics and the metal’s role as an inflation hedge.
Given the company’s relatively low cost base and exposure to a bullish silver market, analysts often watch its ability to expand reserves at Santa Elena, where recent drilling (Q4 2024) indicated a 15 % increase in inferred resources; however, the outlook remains sensitive to potential policy changes in Mexico’s mining tax regime. For a deeper, data-driven look at First Majestic’s valuation metrics, you might find ValueRay’s analyst dashboard useful.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 76.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 4.55 > 1.0 |
| NWC/Revenue: 55.93% < 20% (prev 45.18%; Δ 10.74% < -1%) |
| CFO/TA 0.08 > 3% & CFO 339.8m > Net Income 76.3m |
| Net Debt (-198.5m) to EBITDA (399.4m): -0.50 < 3 |
| Current Ratio: 3.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (492.7m) vs 12m ago 63.69% < -2% |
| Gross Margin: 29.87% > 18% (prev 0.16%; Δ 2971 % > 0.5%) |
| Asset Turnover: 31.22% > 50% (prev 26.66%; Δ 4.56% > 0%) |
| Interest Coverage Ratio: 11.61 > 6 (EBITDA TTM 399.4m / Interest Expense TTM 14.9m) |
Altman Z'' 2.94
| A: 0.13 (Total Current Assets 770.3m - Total Current Liabilities 227.9m) / Total Assets 4.24b |
| B: -0.15 (Retained Earnings -642.6m / Total Assets 4.24b) |
| C: 0.06 (EBIT TTM 173.3m / Avg Total Assets 3.11b) |
| D: 2.12 (Book Value of Equity 2.60b / Total Liabilities 1.23b) |
| Altman-Z'' Score: 2.94 = A |
Beneish M -3.38
| DSRI: 0.76 (Receivables 83.2m/59.1m, Revenue 969.8m/527.2m) |
| GMI: 0.53 (GM 29.87% / 15.91%) |
| AQI: 0.54 (AQ_t 0.05 / AQ_t-1 0.09) |
| SGI: 1.84 (Revenue 969.8m / 527.2m) |
| TATA: -0.06 (NI 76.3m - CFO 339.8m) / TA 4.24b) |
| Beneish M-Score: -3.38 (Cap -4..+1) = AA |
What is the price of AG shares?
Over the past week, the price has changed by +5.52%, over one month by +17.47%, over three months by +101.83% and over the past year by +278.95%.
Is AG a buy, sell or hold?
- StrongBuy: 0
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the AG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 23.8 | 8% |
| Analysts Target Price | 23.8 | 8% |
| ValueRay Target Price | 23.9 | 8.8% |
AG Fundamental Data Overview February 07, 2026
P/E Forward = 38.0228
P/S = 11.1674
P/B = 4.2282
Revenue TTM = 969.8m USD
EBIT TTM = 173.3m USD
EBITDA TTM = 399.4m USD
Long Term Debt = 216.2m USD (from longTermDebt, last quarter)
Short Term Debt = 14.1m USD (from shortTermDebt, last quarter)
Debt = 236.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -198.5m USD (from netDebt column, last quarter)
Enterprise Value = 10.44b USD (10.78b + Debt 236.8m - CCE 575.2m)
Interest Coverage Ratio = 11.61 (Ebit TTM 173.3m / Interest Expense TTM 14.9m)
EV/FCF = 71.08x (Enterprise Value 10.44b / FCF TTM 146.9m)
FCF Yield = 1.41% (FCF TTM 146.9m / Enterprise Value 10.44b)
FCF Margin = 15.15% (FCF TTM 146.9m / Revenue TTM 969.8m)
Net Margin = 7.87% (Net Income TTM 76.3m / Revenue TTM 969.8m)
Gross Margin = 29.87% ((Revenue TTM 969.8m - Cost of Revenue TTM 680.1m) / Revenue TTM)
Gross Margin QoQ = 34.56% (prev 18.64%)
Tobins Q-Ratio = 2.47 (Enterprise Value 10.44b / Total Assets 4.24b)
Interest Expense / Debt = 1.83% (Interest Expense 4.33m / Debt 236.8m)
Taxrate = 35.22% (23.4m / 66.3m)
NOPAT = 112.3m (EBIT 173.3m * (1 - 35.22%))
Current Ratio = 3.38 (Total Current Assets 770.3m / Total Current Liabilities 227.9m)
Debt / Equity = 0.09 (Debt 236.8m / totalStockholderEquity, last quarter 2.60b)
Debt / EBITDA = -0.50 (Net Debt -198.5m / EBITDA 399.4m)
Debt / FCF = -1.35 (Net Debt -198.5m / FCF TTM 146.9m)
Total Stockholder Equity = 2.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.46% (Net Income 76.3m / Total Assets 4.24b)
RoE = 3.44% (Net Income TTM 76.3m / Total Stockholder Equity 2.22b)
RoCE = 7.12% (EBIT 173.3m / Capital Employed (Equity 2.22b + L.T.Debt 216.2m))
RoIC = 4.62% (NOPAT 112.3m / Invested Capital 2.43b)
WACC = 9.62% (E(10.78b)/V(11.02b) * Re(9.81%) + D(236.8m)/V(11.02b) * Rd(1.83%) * (1-Tc(0.35)))
Discount Rate = 9.81% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 31.02%
[DCF Debug] Terminal Value 63.25% ; FCFF base≈146.9m ; Y1≈96.5m ; Y5≈44.0m
Fair Price DCF = 1.78 (EV 672.5m - Net Debt -198.5m = Equity 871.0m / Shares 490.0m; r=9.62% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 42.83 | EPS CAGR: 1.49% | SUE: -3.39 | # QB: 0
Revenue Correlation: 39.04 | Revenue CAGR: 9.38% | SUE: -1.64 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.16 | Chg30d=-0.045 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=0.88 | Chg30d=+0.165 | Revisions Net=-1 | Growth EPS=+143.5% | Growth Revenue=+19.9%