First Majestic Silver stock
AGNYSEFirst Majestic Silver Corp., Basic MaterialsISIN CA32076V1031
64Score 64 out of 100, Neutral
Price and trend
40 / 100
Price history
+24% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 25% below it.
Since July 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 48).
The price is 54% below its 52-week high. Largest decline in 20 years: 90% (April 2011 to January 2016).
Chart figures for advanced users
- SMA 50$17.31
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$19.67
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)48
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$11.02
- The lowest closing price of the last twelve months.
- Resistance$32.01
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- First Majestic Silver Corp. belongs to the Silver industry (Canada) and, with a market value of $7.28B, is the largest of 7 companies in its industry on MEQIRI.
- MEQIRI Score 64 out of 100 (Neutral): rank 146 of 467 in Basic Materials, median 58.
- The P/E is 18.6 (Basic Materials sector median 17.6, own median of recent years 122.2).
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- Our model puts fair value at $17.80, with the price 17% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 28.4% a year since 2020, Basic Materials sector median 6.9%.Growth 88
- Earnings per share growingUp 26% a year since 2020.Growth 88
- More cash than debtCash $1.25B, financial debt $335.18M.Stability 76
Weaknesses
- DilutionShare count up 124% since 2020.Capital allocation 46
- Volatile share priceVolatility 73% a year over the last 12 months.
Its standout strengths are growth and profitability, while momentum and technical analysis hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- price far below its 52-week high
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $11.86 and expensive above $35.59 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $21.63 (cash-flow model) and $13.97 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $15.96, at 7.8% it would be $20.55.
Valuation metrics
Half from the cash-flow model, half from earnings times the sector P/E (17.6).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 80.5% on the twelve months before. Revenue has grown strongly since 2007, at around 21% per year. From 2007 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 35%, operating 28%, net 13%. Last 12 months: net 23%. From 2007 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 18 Feb 2027in 98 days
- Last reported
- 5 Nov 2026EPS reported $0.19 (expected $0.19)in line with expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $0.86−0.7%
- Revenue
- $1.65B0.0%
- Earnings per share
- $0.98+0.7%
- Revenue
- $1.79B0.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +1.7%Production ran ahead of the guidance pace (26% of midpoint silver guidance in one quarter) and costs are expected to come down a little; no change to guidance was announced.
“We didn't experience that same kind of dip, and we ended up producing 3.5 million ounces of silver, which was 26% of 2026 guidance -- midpoint guidance. That's pretty good being ahead of guidance.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 12 May 2026 (fiscal Q1 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at First Majestic Silver
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
467 rated companies in Basic Materials
- This company
- 64
- Sector median
- 58
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Silver
The next smaller companies by market value
- Discovery MiningDSV.TO $6.08B65
- Aya Gold & SilverAYA $3.53B71
- Endeavour SilverEXK $2.4B57
- Silvercorp MetalsSVM $2.04B65
- New Pacific MetalsNEWP $1B39
- Highlander SilverHSLV $903.64M32
ETFs that hold First Majestic Silver
Held by 19 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Global X Silver Miners UCITS ETF USD AccSLVR | 5.45% | 0.65% | €1.1B |
| VanEck Junior Gold Miners UCITS ETFG2XJ | 2.11% | 0.55% | €1.08B |
| VanEck Gold Miners UCITS ETFG2X | 1.09% | 0.53% | €3.97B |
Show 5 more
| VanEck S&P Global Mining UCITS ETF A USDWMIN | 0.39% | 0.50% | €1.98B |
| WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD AccRARE | 0.35% | 0.50% | €604M |
| JPM Global Equity Multi-Factor UCITS ETF USD AccJPGL | 0.08% | 0.19% | €278.91M |
| iShares MSCI World Small Cap UCITS ETFIUSN | 0.07% | 0.35% | €8.19B |
| iShares MSCI World Small Cap CTB Enhanced ESG UCITS ETFCBUG | 0.05% | 0.35% | €434.1M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 5 Jun 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.