First Majestic Silver (AG) Stock Forecast & Price Target

$4.63

-0.24 (-4.93%)

(As of 09/6/2024 ET)

First Majestic Silver - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 3 Analyst Ratings

Based on 3 Wall Street analysts who have issued ratings for First Majestic Silver in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 2 have given a hold rating, and 1 has given a buy rating for AG.

Consensus Price Target

$7.50
61.99% Upside

High Forecast	$8.50
Average Forecast	$7.50
Low Forecast	$6.50

According to the 3 analysts' twelve-month price targets for First Majestic Silver, the average price target is $7.50. The highest price target for AG is $8.50, while the lowest price target for AG is $6.50. The average price target represents a forecasted upside of 61.99% from the current price of $4.63.

Type	Current Forecast 9/7/23 to 9/6/24	1 Month Ago 8/8/23 to 8/7/24	3 Months Ago 6/9/23 to 6/8/24	1 Year Ago 9/7/22 to 9/7/23
Consensus Rating	Hold	Hold	Hold	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$7.50	$7.50	$7.50	$10.00
Forecasted Upside	61.99% Upside	20.77% Upside	5.93% Upside	49.85% Upside

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AG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

First Majestic Silver Stock vs. The Competition

Type	First Majestic Silver	Basic Materials Companies	S&P 500
Consensus Rating Score	2.33	2.69	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	61.99% Upside	192.00% Upside	11.34% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/6/2024	HC Wainwright 2 of 5 stars	Reiterated Rating	Buy ➝ Buy	$8.50 ➝ $8.50	+74.72%
5/23/2024	Scotiabank 5 of 5 stars	Boost Target	Sector Perform ➝ Sector Perform	$5.50 ➝ $6.50	-7.80%
9/14/2023	BMO Capital Markets 4 of 5 stars	Initiated Coverage	Market Perform ➝ Market Perform
8/4/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$10.50 ➝ C$10.00
2/14/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$14.50 ➝ C$11.00
10/20/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$8.00	+1.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:12 PM ET.

AG Forecast - Frequently Asked Questions

What is First Majestic Silver's forecast for 2024?: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for First Majestic Silver is $7.50, with a high forecast of $8.50 and a low forecast of $6.50.
Should I buy or sell First Majestic Silver stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Majestic Silver in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AG, but not buy additional shares or sell existing shares.
Does First Majestic Silver's stock price have much upside?: According to analysts, First Majestic Silver's stock has a predicted upside of 25.89% based on their 12-month stock forecasts.
What analysts cover First Majestic Silver?: First Majestic Silver has been rated by research analysts at HC Wainwright in the past 90 days.
Do Wall Street analysts like First Majestic Silver more than its competitors?: Analysts like First Majestic Silver less than other "basic materials" companies. The consensus rating for First Majestic Silver is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how AG compares to other companies.