FIRST MAJESTIC SILVER CORP.
In the published model solve dated 2026-Q2, anchored at $17.61, FIRST MAJESTIC SILVER CORP. (AG) is priced for today's economics sustained for ~9.4 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• First Majestic runs four producing underground mines in Mexico alongside its share of Los Gatos, and in July it lifted its 2026 silver target by 10% to 14.6 to 15.5 million ounces after second quarter output of 3.8 million ounces. [Source: Q2 2026 production release, July 8, 2026] • The economics rest on a wide but unstable spread: 2026 all-in sustaining costs are guided at $27.69 to $28.77 per payable silver equivalent ounce against a planning assumption of $52 silver. [Source: Q2 2026 produc
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329 institutional managers reported holding AG in 13F filings for the quarter ended 2026-03-31. Together they hold about 49% of the company; the top 10 hold 31%. 64 opened new positions that quarter. Held by Vanguard Group, Arrowstreet Capital, Susquehanna International Group, among others. On the short side, 20.0M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (1.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AG's share count grew 95.9% over the past five years. It pays a dividend, and has for 5 years running. Cash returned over the past three years: $21.00M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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