First Majestic Silver (AG)
Operates four underground Mexican mines and sells fabricated silver through First Mint.
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Produces silver and gold from four underground mines in Mexico, including a majority-owned joint venture at Los Gatos. Direct bullion sales through First Mint extend the business into fabricated rounds, bars, and medallions.
Produces silver and gold from the Los Gatos, Santa Elena, San Dimas, and La Encantada underground mines in Mexico. Los Gatos also contributes zinc, lead, and copper by-products through a majority-owned joint venture.
Extends the value chain through First Mint, which fabricates and sells fine-silver rounds, bars, and medallions directly to retail buyers. Acquisition-led mine assembly and portfolio reshaping remain central to how the operating base has been built.
Execution centers on underground mine operation, exploration, processing, and the integration of acquired assets. Production is concentrated in Mexico, while Jerritt Canyon in Nevada remains a development asset with a planned restart rather than a producing mine.
Results depend on metals prices, mine grades and costs, labor and physical access, water and permitting, and the economics of the Los Gatos partnership. The Mexican tax dispute and related arbitration remain unresolved.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 31, 2026 | H.C. Wainwright | Target | Target: $26 | Target: $27 |
| Jul 14, 2026 | Scotiabank | Reiterate | Rating: —Target: $23 | Target: $22.50 |
| Jul 10, 2026 | H.C. Wainwright | Target | Target: $30.75 | Target: $26 |
| May 12, 2026 | H.C. Wainwright | Target | Target: $30 | Target: $30.75 |
| Feb 20, 2026 | H.C. Wainwright | Target | Target: $24.50 | Target: $30 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.25B · Total debt $331.1M · Total assets $4.94B · Shareholders' equity $2.97B
- Revenue
- $415.5M
- Operating income
- $197.5M
- Net income
- $109.4M
HistoryDividendAnnual yield
| Institutions | ≈ 44.87% | 221.21M shares | |
|---|---|---|---|
| 410 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 55.13% | 271.82M shares | |
| remainder | |||
493.03M company shares as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 7.23% | 35.67M | as of Jun 30, 2026 |
Toroso Investments, LLCInstitution | 3.99% | 19.68M | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 3.32% | 16.36M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.74% | 13.50M | as of Jun 30, 2026 |
Jupiter Asset Management LtdInstitution | 2.07% | 10.23M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Majestic Silver | $19.74 | +2.23% | $9.52B | 27.8 | 22.1 | 5.8 | +57.0% |
| Pan American Silver | $50.00 | +2.56% | $20.54B | 14.7 | 12.2 | 4.8 | +35.9% |
| Coeur Mining | $20.08 | +2.87% | $20.12B | 15.7 | 14.6 | 6.3 | +125.9% |
| Hecla Mining | $18.85 | +2.72% | $12.31B | 37.4 | 23.6 | 7.7 | +9.8% |
| Endeavour Silver | $10.24 | +1.09% | $3.00B | 53.9 | 11.3 | 4.1 | +139.4% |
| Avino Silver & Gold Mines | $6.25 | +1.13% | $1.05B | 23.3 | 19.8 | 9.1 | +22.9% |
| Silvercorp Metals | $12.01 | +1.48% | $2.62B | 116.3 | 15.6 | 5.3 | +70.5% |
| Median | 30.4 | 15.1 | 5.8 | +53.2% |