First Majestic Silver (TSE:AG) Upgraded by BMO Capital Markets to “Outperform” Rating

Posted by Jessica Moore on Mar 24th, 2026

First Majestic Silver (TSE:AG – Get Free Report) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a C$35.00 target price on the stock. BMO Capital Markets’ price objective indicates a potential upside of 26.72% from the stock’s previous close.

Separately, TD Securities lifted their target price on shares of First Majestic Silver from C$22.00 to C$36.00 in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$33.40.

Read Our Latest Analysis on First Majestic Silver

First Majestic Silver Stock Performance

Shares of AG stock traded up C$1.30 during trading hours on Tuesday, reaching C$27.62. The company had a trading volume of 1,078,282 shares, compared to its average volume of 2,381,582. The business has a fifty day moving average price of C$32.88 and a 200-day moving average price of C$23.88. First Majestic Silver has a one year low of C$7.40 and a one year high of C$43.69. The firm has a market cap of C$13.62 billion, a PE ratio of 81.24 and a beta of 2.41.

First Majestic Silver (TSE:AG – Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$621.00 million during the quarter. First Majestic Silver had a net margin of 13.14% and a return on equity of 6.49%. Equities research analysts forecast that First Majestic Silver will post 0.4623323 EPS for the current year.

First Majestic Silver Company Profile

(Get Free Report)

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.