First Majestic Silver Corp. (AG)

First Majestic Silver Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, First Majestic Silver stock has a consensus rating of "Buy" and an average price target of $26.88. The average 1-year stock price forecast is 27.51% higher than the current stock price, while the lowest is $23 (+9.11%) and the highest is $30.75 (+45.87%).

Price Target: $26.88 (+27.51%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$23	$26.88	$26.88	$30.75
Change	+9.11%	+27.51%	+27.51%	+45.87%

Analyst Ratings

The average analyst rating for First Majestic Silver stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	2	2	2	3	3	3
Buy	2	1	1	1	1	1
Hold	2	3	2	1	1	1
Sell	0	0	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kevin O'Halloran BMO Capital	BMO Capital	Buy Maintains $25	Buy	Maintains	$25	+20.09%	May 13, 2026
Eric Winmill Scotiabank	Scotiabank	Hold Maintains $23	Hold	Maintains	$23	+9.11%	May 13, 2026
Richard Gray ATB Cormark Capital Markets	ATB Cormark Capital Markets	Hold Maintains $26	Hold	Maintains	$26	+23.52%	May 13, 2026
Heiko Ihle H.C. Wainwright	H.C. Wainwright	Buy Reiterates $30 → $31	Buy	Reiterates	$30 → $31	+45.87%	May 12, 2026

Financial Forecast

Revenue This Year

1.59B

Increased by 26.24%

from 1.26B

Revenue Next Year

1.66B

Increased by 4.66%

from 1.59B

EPS This Year

1.11

Increased by 225.96%

from 0.34

EPS Next Year

1.10

Decreased by -0.74%

from 1.11

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	584.12M	624.22M	573.80M	560.60M	1.26B	1.59B	1.66B
Revenue Growth	60.53%	6.87%	-8.08%	-2.30%	124.25%	26.24%	4.66%
EPS	-0.02	-0.43	-0.48	-0.34	0.34	1.11	1.10
EPS Growth	-	-	-	-	-	225.96%	-0.74%
Forward PE	-	-	-	-	-	19.02	19.16
No. Analysts	-	-	-	-	-	9	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	2.0B	1.8B
Avg	1.6B	1.7B
Low	1.2B	1.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	59.4%	14.1%
Avg	26.2%	4.7%
Low	-7.6%	-10.1%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	1.30	1.35
Avg	1.11	1.10
Low	0.71	0.83

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	282.9%	22.2%
Avg	226.0%	-0.7%
Low	107.5%	-24.8%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.