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Upturn AI Summary - About
First Majestic Silver Corp(AG)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AG
10/23/2026: AG (3-star) is currently NOT-A-BUY. Pass it for now.
First Majestic Silver Corp is a silver-focused mining company operating primarily in Mexico and the United States. Its main strengths include a dedicated focus on silver production and a unique direct-to-consumer bullion sales platform. The primary investment story centers on the company’s ability to optimize operations and leverage structural demand for silver in green energy technologies. However, investors must weigh these opportunities against risks such as operational volatility, fluctuating commodity prices, and regulatory concerns in Mexico. The stock is generally suited for investors seeking commodity exposure and is not a strong fit for income-focused portfolios due to its inconsistent dividend history.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers growth potential through production optimization, but it is heavily tethered to volatile commodity cycles. |
| Momentum investor | Strong fit while signal remains positive | The stock often experiences sharp price movements aligned with silver spot price trends, favoring those who trade momentum. |
| Value investor | Mixed fit | Value is difficult to assess due to fluctuating earnings and high capital expenditures inherent in the mining industry. |
| Dividend investor | Weak fit | The dividend is variable and not the primary focus, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | High price volatility and operational risks make this stock inappropriate for low-risk, capital-preservation strategies. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The company's revenue is directly dependent on global silver and gold market prices. |
| Valuation risk | Medium | Mining stock valuations are often subject to sentiment rather than traditional P/E ratios. |
| Competition risk (Precious Metals Mining) | Medium / high | Intense competition for quality assets and skilled labor limits margin expansion. |
| Business quality | Medium | Operational complexity and varying ore grades at multiple sites create execution risks. |
| Dividend income | Low | Dividend payments are inconsistent and not designed for steady income. |
| Execution risk | Medium / high | Failure to achieve production targets or cost reduction goals directly impacts profitability. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit 104.54% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.46B USD | Price to earnings Ratio 22.91 | 1Y Target Price 24 |
Price to earnings Ratio 22.91 | 1Y Target Price 24 | ||
Volume (30-day avg) 9.5M shares | Beta 2.19 | 52 Weeks Range 10.17 - 31.99 | Updated Date 10/22/2026 |
52 Weeks Range 10.17 - 31.99 | Updated Date 10/22/2026 | ||
Dividends yield (FY) 0.29% | Basic EPS (TTM) 0.66 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Mining Operations | Production of silver and gold dore and concentrates from mines in Mexico and the USA. | The company makes money by pulling silver and gold from the ground and selling it to buyers at market prices. |
| Geography (Mexico/USA) | Operational hubs in Mexico (e.g., San Dimas) and Nevada, USA (Jerritt Canyon). | Regional political and economic conditions in these countries significantly affect the cost of doing business. |
Valuation
Trailing PE 22.91 | Forward PE 22.37 | Enterprise Value 9.13B | Price to Sales(TTM) 4.54 |
Enterprise Value 9.13B | Price to Sales(TTM) 4.54 | ||
Enterprise Value to Revenue 5.53 | Enterprise Value to EBITDA 8.99 | Shares Outstanding 493.08M | Shares Floating 487.48M |
Shares Outstanding 493.08M | Shares Floating 487.48M | ||
Percent Insiders 1.09 | Percent Institutions 53.02 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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