First Majestic Silver (TSE:AG) Releases Earnings Results

First Majestic Silver (TSE:AG) posted its earnings results on Thursday. The company reported C$0.27 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$561.06 million for the quarter. First Majestic Silver had a return on equity of 12.27% and a net margin of 21.09%.

First Majestic Silver Stock Up 2.6%

Shares of TSE AG traded up C$0.55 during trading on Friday, hitting C$21.39. 1,946,702 shares of the company traded hands, compared to its average volume of 1,861,809. The firm has a market capitalization of C$10.55 billion, a P/E ratio of 30.56 and a beta of 2.96. The company has a 50-day moving average price of C$24.76 and a 200-day moving average price of C$27.54. First Majestic Silver has a 1 year low of C$15.15 and a 1 year high of C$43.69.

First Majestic Silver Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.0142 per share. This is a decrease from First Majestic Silver’s previous quarterly dividend of $0.0152. This represents a $0.06 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, November 16th. First Majestic Silver’s payout ratio is 5.06%.

Key First Majestic Silver News

Here are the key news stories impacting First Majestic Silver this week:

• Positive Sentiment: Third-quarter revenue was reported at US$394.1 million, above the FactSet estimate of US$390 million. The company also reported higher revenue for the quarter and first nine months of 2026; its earnings release said quarterly earnings were C$0.27 per share. Q3 revenue versus estimate Higher third-quarter and nine-month revenue
• Negative Sentiment: AG declared a quarterly dividend of $0.0142 per share, a 6.6% reduction from the previous $0.0152 payment. The cut is a modest negative signal for income-focused investors, although the stated annualized yield is about 0.3%.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$36.00 to C$37.00 in a research note on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$36.00.

First Majestic Silver Company Profile

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 four producing underground mines in Mexico: the Santa Elena Silver/Gold Mine, the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the San Dimas Silver/Gold Mine, and La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold Mine, which the Company is currently in the process of re-starting.