First Majestic Silver Corp (AG) Stock Forecast and Price Target (2026)
Last updated July 2026
Short answer
There is no meaningful analyst consensus for First Majestic Silver Corp (AG): too few analysts publish estimates on it for an average target to mean anything. That is normal for smaller and newer companies and says nothing about the business. What is left is the setup, the drivers and the risks below, which you assess yourself rather than starting from someone else's model. Walnut is not an investment adviser.
Why AG has no consensus price target
Sell-side coverage follows trading volume and banking relationships, so smaller companies, recent listings, and names outside the major indices often carry little or none. That is the situation with AG. It says nothing about the quality of the business, but it does mean there is no informed average to anchor to, and that any single target you find elsewhere is one analyst's model rather than a consensus.
First Majestic posted record Q1 2026 revenue of about $476.7 million, up roughly 95% year over year, with net earnings near $128 million and EPS around $0.26 as silver and gold prices surged. The stock trades at a trailing P/E in the low 30s and a forward P/E near 18, reflecting expectations that elevated metal prices continue. The dividend yield is negligible (well under 1%), so the return case rests almost entirely on the metal price and production.
What could move AG from here
In short: the drivers cited most often are Silver and gold price leverage, Los Gatos integration and scale, Cash generation and balance-sheet strength. The risk cited most often against it is the single largest risk is the silver price itself: a sustained decline would compress margins far faster than the metal falls because mining costs are largely fixed.
Both sides are worked through properly, with the high and low targets used as the bull and bear anchors, on the AG is it a buy page. This page deliberately stops at the numbers.
Investing in First Majestic Silver Corp with AI
Connect the broker you already use and ask Walnut's AI how AG fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is the price target for First Majestic Silver Corp (AG)?
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There is no meaningful consensus price target for AG, because too few analysts publish on it. That is common for smaller and newer companies. Where only one or two analysts cover a stock, an "average target" is really one person's model, so we do not print a number that would imply more agreement than exists. Check your broker's research tab for whatever individual coverage exists.
Why does AG have no analyst forecast?
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Sell-side coverage follows trading volume and banking relationships, so small caps, recent listings, and companies outside the major indices often carry little or none. A lack of coverage says nothing about the business itself. It does mean you are doing the analysis yourself rather than starting from someone else's model.
What could move AG?
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The drivers and the risks are laid out on this page and in more depth on the AG "is it a buy" page. Without analyst estimates to anchor to, the honest framing is scenarios rather than a number.
Walnut is informational, not investment advice, and does not publish price targets of its own. The analyst figures on this page come from a August 2026 data pull of published third-party research, are approximate, and change constantly. Verify current figures with your broker before acting on them.
Guides that feature AG
AG is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.