AG

First Majestic Silver Corp.

Basic Materials · $8.9B market cap

Verdict

Share price

$17.67

close of Oct 3, 2026

Fair value

$7.32

Sticker Price

Payback Price

$2.93

buy price

Overpriced

AG is Overpriced: at $17.67 it trades 142% above its fair value of $7.32. Its buy price (Payback Price) is $2.93, 83% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth4.5% a year✗
Equity per share growth4.4% a year✗
Sales growth9.8% a year✗
Free cash flow growth10.9% a year✓
Return on invested capital-0.8%✗

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About First Majestic Silver Corp.

First Majestic Silver Corp. is a North American mining company dedicated to the exploration, acquisition, development, and operation of mineral properties, primarily concentrating on silver and gold output. The company fully owns and operates a portfolio of significant mining assets. In Mexico, these include the San Dimas Silver/Gold Mine (71,868 hectares in Durango and Sinaloa), the Santa Elena Silver/Gold Mine…

Silver

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works