First Majestic Silver Corporation
Research First Majestic Silver Corporation (AG) on Bullrun: valuation model: 10.1% overvalued, market cap USD 8.51B, P/E 24.8, dividend yield 0.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerAG
- ExchangeNYSE
- CountryCanada
- SectorBasic Materials
- IndustrySilver
- CurrencyUSD
- Valuation signal10.1% overvalued
- Market capUSD 8.51B
- P/E24.8
- Dividend yield0.2%
- Financial periodQ2 2026
- RevenueUSD 414.24M
- Net incomeUSD 125.89M
- Free cash flowUSD 149.38M
- Gross margin54.0%
Valuation Snapshot
Bullrun's latest valuation model marks First Majestic Silver Corporation as 10.1% overvalued; latest market cap is USD 8.51B; P/E is 24.8; dividend yield is 0.2%.
Peer valuation comparison
Latest P/E is 24.77x versus a Basic Materials sector median of 16.68x (48.5% above).
Latest dividend yield is 0.24% versus a Basic Materials sector median of 2.3% (89.5% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.27B | USD 164.92M | USD 310.35M | 35.6% | 0.34 | USD 793.44M | USD 308.74M | USD 2.76B |
| FY2024 | USD 563.63M | -USD 101.89M | USD 36.85M | 16.3% | -0.34 | USD 202.18M | USD 237.02M | USD 1.35B |
| FY2023 | USD 576.39M | -USD 135.11M | -USD 90.37M | 4.4% | -0.48 | USD 125.58M | USD 256.51M | USD 1.36B |
| FY2022 | USD 626.85M | -USD 114.28M | -USD 198.69M | 2.7% | -0.43 | USD 151.44M | USD 247.95M | USD 1.41B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 8.51B | 24.8 | 0.2% | 0.04 |
| 2025 | 2025-12-31 | USD 8.19B | 49.0 | n/a | n/a |
| 2024 | 2024-12-31 | USD 1.66B | n/a | 0.5% | 0.03 |
| 2023 | 2023-12-29 | USD 1.76B | n/a | 0.7% | 0.04 |
| 2022 | 2022-12-30 | USD 2.21B | n/a | 0.5% | 0.04 |
| 2021 | 2021-12-31 | USD 2.89B | n/a | 0.3% | 0.03 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.04 USD, yield 0.2%.
| Year | Dividends/share |
|---|---|
| FY2024 | 0.03 USD |
| FY2023 | 0.04 USD |
| FY2022 | 0.04 USD |
About First Majestic Silver Corporation
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits. Its projects include the San Dimas silver/gold mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena silver/gold mine that covers an area of approximately 102,244 hectares located in Sonora State, Mexico;
ETFs that hold First Majestic Silver Corporation
First Majestic Silver Corporation is one of the ten largest holdings of 3 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| Global X Silver Miners UCITS ETF USD Acc | 5.62% | 0.65% |
| VanEck Junior Gold Miners UCITS ETF | 2.73% | 0.55% |
| Sprott Silver Miners and Physical Silver UCITS ETF Accumulating ETF Share Class USD | 14.80% | 0.65% |
Related stock research
Other Basic Materials stocks
Frequently asked questions
Is First Majestic Silver Corporation overvalued or undervalued?
Bullrun's valuation model currently marks First Majestic Silver Corporation as 10.1% overvalued.
What is First Majestic Silver Corporation's market cap?
First Majestic Silver Corporation's market capitalization is USD 8.51B.
What is First Majestic Silver Corporation's P/E ratio?
First Majestic Silver Corporation's price-to-earnings (P/E) ratio is 24.8.
Does First Majestic Silver Corporation pay a dividend?
First Majestic Silver Corporation has a dividend yield of 0.2%.
What does First Majestic Silver Corporation do?
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits.