First Majestic Silver Reports Strong Quarterly Profit and Stock Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy AG?
Source: stocktwits
First Majestic Silver Corp. saw its stock surge by 3.01% and reach a 52-week high following the announcement of a quarterly profit of $105.2 million, a significant turnaround from a net loss of $13.5 million a year earlier.
The strong quarterly profit, driven by a 77% increase in silver production to 4.2 million ounces, reflects improved operational efficiency and rising silver prices, which is likely to boost investor confidence. Additionally, H.C. Wainwright raised its price target for the company from $24.50 to $30, maintaining a 'Buy' rating, further enhancing market optimism regarding First Majestic's future profitability.
This impressive performance not only solidifies First Majestic's position in the silver market but also indicates a positive outlook for the company, attracting more investor interest amid a challenging market environment.
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Analyst Views on AG
Wall Street analysts forecast AG stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 31.100
Low
19.03
Averages
22.18
High
24.50
Current: 31.100
Low
19.03
Averages
22.18
High
24.50
About AG
First Majestic Silver Corp. is a mining company. The Company is focused on silver and gold production in Mexico and the United States. It owns and operates approximately 350,000 hectares of land package, which include the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, and a 70% joint venture interest in the Cerro Los Gatos Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. The Cerro Los Gatos Mine is located around 120 kms south of Chihuahua City, Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Quarterly Profit Surge: First Majestic Silver reported a quarterly profit of $105.2 million, a significant turnaround from a net loss of $13.5 million a year earlier, indicating robust profitability amid rising silver prices, which is likely to boost investor confidence.
- Significant Silver Production Growth: The company produced 4.2 million ounces of silver in the fourth quarter, a 77% increase from 2.4 million ounces a year ago, reflecting improved production efficiency and expected revenue growth, thereby solidifying its market position.
- Stock Price Hits All-Time High: First Majestic's shares closed at $27.55 on Friday, marking an all-time high with an 11% single-day gain, representing the best performance since November 28, which reflects market optimism regarding the company's future profitability.
- Analyst Outlook Positive: H.C. Wainwright raised its price target for First Majestic from $24.50 to $30 while maintaining a 'Buy' rating, implying a 9% upside from the last closing price, further enhancing market confidence in the stock.
See More
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- Yield Potential Analysis: Should the put option expire worthless, it would yield a 3.80% cash return, equating to an annualized yield of 32.29%, known as YieldBoost, highlighting the investment's appeal under current market conditions.
- Call Option Returns: Purchasing AG stock at $29.37 and selling the $33.50 strike call option could yield an 18.39% total return if the stock is called away at expiration, although this may leave potential upside gains unrealized if AG shares rise significantly.
- Risk Assessment: Current data indicates a 57% chance that the $33.50 strike call option will expire worthless, allowing investors to retain both their shares and the premium collected, thereby enhancing the safety of the investment.
See More
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- Surge in Violence: Following the killing of cartel leader El Mencho, violence erupted across approximately 20 states in Mexico, with cartel gunmen setting vehicles ablaze and erecting roadblocks, indicating instability due to the resulting power vacuum.
- Significant Economic Impact: As the world's largest silver producer, Mexico's three key mines produced over 75 million ounces in 2024, accounting for nearly 10% of global supply; thus, cartel conflicts could lead to transport blockades and labor intimidation, affecting global silver availability.
- Avocado Trade Risks: Michoacán, El Mencho's home state, is crucial for the global avocado trade, where cartel competition disrupts shipments and raises insurance costs, impacting nearly one-third of global avocado supply during conflicts.
- Potential Financial Market Threats: Criminal organizations could exploit financial markets by creating short exposure through derivatives and inciting chaos via kidnappings or sabotage, posing a significant risk to highly leveraged junior miners, especially during transitional periods like after El Mencho's death.
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- Quarterly Profit Surge: First Majestic Silver reported a quarterly profit of $105.2 million, a significant turnaround from a net loss of $13.5 million a year earlier, indicating robust profitability amid rising silver prices, which is likely to boost investor confidence.
- Significant Silver Production Growth: The company produced 4.2 million ounces of silver in the fourth quarter, a 77% increase from 2.4 million ounces a year ago, reflecting improved production efficiency and expected revenue growth, thereby solidifying its market position.
- Stock Price Hits All-Time High: First Majestic's shares closed at $27.55 on Friday, marking an all-time high with an 11% single-day gain, representing the best performance since November 28, which reflects market optimism regarding the company's future profitability.
- Analyst Outlook Positive: H.C. Wainwright raised its price target for First Majestic from $24.50 to $30 while maintaining a 'Buy' rating, implying a 9% upside from the last closing price, further enhancing market confidence in the stock.
See More
