AG Stock Forecast & Price Target

First Majestic Silver Corp is well-positioned for significant revenue growth starting in 2025, driven by recent operational enhancements and strategic initiatives. The company is benefitting from a higher average silver price of $28.26 per ounce, which reflects a 21% increase year-over-year, alongside increased production from the Santa Elena mine. Furthermore, the positive financial trajectory is supported by significant operational performance improvements, as indicated by the upward revision of fiscal year guidance and a projected increase in adjusted EBITDA.

First Majestic Silver Corp reported a significant decrease in its production metrics, with a 21% year-over-year reduction in gold ounces and an 18% decline in silver production, leading to a 20% drop in payable Silver Equivalent Ounces (SEOs) sold. Additionally, operational challenges such as labor disputes at San Dimas and water source issues at La Encantada have contributed to a decline in revenue, which saw a 2% year-over-year decrease. The company's growing inventory levels, along with these production setbacks, suggest a concerning outlook for future financial performance.