First Majestic Silver Corp. (AG)

First Majestic Silver Stock Forecast

Stock Price Forecast

According to 3 professional analysts, the 12-month price target for First Majestic Silver stock ranges from a low of $12.5 to a high of $17.5. The average analyst price target of $14.25 forecasts a -5.38% decrease in the stock price over the next year.

Price Target: $14.25 (-5.38%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$12.5	$14.25	$12.75	$17.5
Change	-17.00%	-5.38%	-15.34%	+16.20%

* Price targets were last updated on Oct 23, 2025.

Analyst Ratings

The average analyst rating for First Majestic Silver stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	1	1	2	2	2	2
Buy	0	0	0	0	0	0
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ovais Habib Scotiabank	Scotiabank	Hold Maintains $9 → $13	Hold	Maintains	$9 → $13	-17.00%	Oct 23, 2025
Heiko F. Ihle HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $14 → $18	Strong Buy	Maintains	$14 → $18	+16.20%	Oct 10, 2025
Heiko F. Ihle HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $13 → $14	Strong Buy	Maintains	$13 → $14	-7.04%	Oct 6, 2025
Heiko F. Ihle HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $13	Strong Buy	Reiterates	$13	-15.34%	Aug 15, 2025
Heiko Ihle HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $12 → $13	Strong Buy	Maintains	$12 → $13	-15.34%	Jul 10, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.16B

Increased by 107.63%

from 560.60M

Revenue Next Year

1.38B

Increased by 18.81%

from 1.16B

EPS This Year

0.30

from -0.34

EPS Next Year

0.55

Increased by 83.45%

from 0.30

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	363.88M	584.12M	624.22M	573.80M	560.60M	1.16B	1.38B
Revenue Growth	-0.02%	60.53%	6.87%	-8.08%	-2.30%	107.63%	18.81%
EPS	0.11	-0.02	-0.43	-0.48	-0.34	0.30	0.55
EPS Growth	-	-	-	-	-	-	83.45%
Forward PE	-	-	-	-	-	50.42	27.48
No. Analysts	-	-	-	-	-	9	9

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

Revenue Forecast

Revenue	2025	2026	2027	2028
High	1.2B	1.6B
Avg	1.2B	1.4B
Low	1.0B	1.0B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	119.8%	35.2%
Avg	107.6%	18.8%
Low	83.0%	-10.1%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	0.37	0.84
Avg	0.30	0.55
Low	0.19	0.07

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-	181.2%
Avg	-	83.4%
Low	-	-77.0%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.