First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.
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The chart shows the growth of an initial investment of $10,000 in FIRST MAJESTIC SILVER CORP, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
FIRST MAJESTIC SILVER CORP (AG) has returned 28.17% so far this year and 297.09% over the past 12 months. Looking at the last ten years, AG has achieved an annualized return of 12.94%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of FIRST MAJESTIC SILVER CORP (AG) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 22.30% | 55.84% | -32.16% | 0.28% | ||||||||
| 2025 | 1.79% | -5.12% | 20.76% | -6.15% | 1.06% | 29.02% | -5.92% | 13.54% | 30.81% | 3.15% | 19.54% | 6.66% |
| 2024 | -24.63% | -4.06% | 29.80% | 9.52% | 6.39% | -17.32% | 4.22% | -2.78% | 9.49% | 21.18% | -18.21% | -9.11% |
| 2023 | -7.93% | -22.59% | 17.24% | -2.35% | -20.08% | -2.08% | 18.02% | -5.84% | -17.79% | 2.59% | 15.92% | 3.36% |
| 2022 | -7.38% | 8.81% | 15.95% | -21.19% | -20.38% | -11.47% | 9.27% | -5.58% | 6.57% | 5.37% | 5.21% | -12.21% |
| 2021 | 28.15% | -24.49% | -15.51% | -5.86% | 14.71% | -13.13% | -14.74% | -5.14% | -12.94% | 9.98% | -6.22% | -7.49% |
| 2020 | -18.92% | -24.45% | -21.65% | 33.17% | 27.03% | -2.93% | 33.97% | -6.95% | -25.63% | 6.77% | -0.48% | 23.30% |
| 2019 | 4.08% | 10.86% | -0.30% | -6.97% | -0.33% | 27.58% | 23.78% | 20.62% | -18.33% | 17.00% | 2.38% | 15.55% |
| 2018 | -10.53% | -12.23% | 17.50% | 4.52% | 9.92% | 7.77% | -11.47% | -15.76% | 4.99% | -0.89% | -16.08% | 18.99% |
| 2017 | 24.03% | -3.81% | -9.27% | 0.37% | 4.23% | 0.85% | 1.98% | -13.36% | -4.74% | -0.74% | -2.49% | 1.35% |
| 2016 | 70.79% | -2.89% | 29.33% | 23.86% | -32.36% | -10.75% | -21.69% | 5.72% | -13.00% |
The charts below present risk-adjusted performance metrics for FIRST MAJESTIC SILVER CORP (AG) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of AG compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current FIRST MAJESTIC SILVER CORP volatility is 5.09%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The U.S. has classified silver as a critical mineral amid a structural supply deficit and China's export ban. Silver prices have surged from under $30 to over $121 per ounce. Major silver producers like First Majestic, Endeavour Silver, and Fresnillo are expanding operations. Americore Resources is advancing its Trinity Silver Project in Nevada with 36 million ounces of silver equivalent and plans Q2 2026 drilling to upgrade its resource estimate.
First Majestic Silver Corporation's stock fell 19% this week due to a sharp decline in precious metal prices triggered by the Iran war. The conflict has driven up oil prices and inflationary pressures, leading to expectations of higher interest rates and a stronger dollar, which reduces demand for silver among international investors. The analyst recommends avoiding the stock due to its heavy dependence on silver prices and current geopolitical volatility.
First Majestic Silver's stock has surged 230% over the past year but fallen 30% from its 52-week high. While the company is well-positioned operationally with increased production investments and dividend hikes, its stock price remains heavily dependent on volatile silver prices. The article warns that unless silver prices rise significantly, the stock could underperform despite business improvements.
Ten large-cap stocks experienced significant declines during the week of March 9-13, 2026. Fair Isaac Corporation led losses with a 21.59% drop following a $1 billion senior notes offering announcement. Other major decliners included Centene (20.85%), Ulta Beauty (16.04%), Paramount Skydance (15.4%), and Thomson Reuters (13.97%). Declines were attributed to factors including disappointing earnings guidance, analyst downgrades, and broader market pressures across healthcare, beauty, media, and aviation sectors.
Ten large-cap stocks experienced significant declines during the week of March 2-6, 2026, driven by weak earnings, lowered guidance, geopolitical tensions, rising yields, and AI-spending concerns. Notable losers include Lumentum Holdings (down 24.65%), Corning (down 21.91%), MongoDB (down 16.23%), and Celsius Holdings (down 17.86%), among others.
Ten large-cap stocks were top performers during the week of Feb. 23-27, 2026. Circle Internet Group led with a 34.99% gain after strong Q4 results. Netflix, Dell, IonQ, Keysight, and Axon Enterprise also posted significant gains (22-27%) driven by better-than-expected earnings and positive guidance. Other gainers included Paramount Skydance, Block, Thomson Reuters, and First Majestic Silver.
The killing of CJNG cartel leader El Mencho on February 22 has triggered widespread violence across Mexico, threatening silver mining operations in key producing regions. Mexico is the world's largest silver producer, with major mines in Jalisco, Michoacán, Zacatecas, and Durango—territories historically controlled by the CJNG. The resulting cartel fragmentation poses risks to global silver supply, mining company valuations, and logistics chains, with potential for market manipulation through coordinated financial and operational attacks on vulnerable junior miners.
Ten large-cap stocks were top performers last week, with First Majestic Silver leading gains at 25.23% following better-than-expected Q4 results. Other notable gainers include Moderna (19.68%) on FDA seasonal flu vaccine review news, Global Payments (19.52%) with strong Q4 earnings and a $2.6B buyback authorization, and Coinbase (11.32%). Companies like Omnicom, Garmin, Figma, and Pan American Silver also reported strong quarterly results and positive guidance.
Gold prices have surged with tight physical supply, making mining stocks more attractive than physical gold. The article highlights several precious metals companies as strong investment opportunities, including Hecla Mining, First Majestic Silver, Alamos Gold, Kinross Gold, and Eldorado Gold. CF Industries is also discussed as a cyclical fertilizer play benefiting from strong farming demand.
First Majestic Silver stock tumbled 9% on Tuesday as both gold and silver prices declined. Gold fell to $4,878 and silver remained well below $80 per ounce after recent volatility. With a P/E ratio exceeding 61x and Q4 earnings expected Thursday, analysts question whether the stock's valuation is justified given the weak precious metals prices.