AG First Majestic Silver Corp.
First Majestic Silver Corp. (AG) trend channel, buy level and 3-month target on Trade The Path. Sector: Basic Materials. Listed on OTC. Levels below are fitted to this ticker's own swing highs and lows (TheilβSen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
Mid-channel, rising this year inside a falling 0.7364754127346524-year channel
Price is between the two trend lines. Nothing to act on yet.
The next few months are read from the last 9 months, the stretch whose swings the lines actually follow, because the last 12 months alone do not contain enough turns to fit reliably (40% against 73%). The last 12 months stay as context: rising, +47% a year. A stock can be falling inside a channel that still rises over years; that is what this is, and only one of the two can be the near-term expectation. The target of US$19.97 is below the nearest ceiling (US$21.70), so it does not depend on a breakout. What would overturn this: a close below US$12.93 β the floor of the channel being read β after which the trend, not the entry, is what was wrong.
- 9 months read from
- US$12.93 β US$21.70 Falling channel, β29% a year
- 12 months
- US$14.89 β US$21.71 Rising channel, +47% a year
- Position in that channel
- 62% 0% at the floor, 100% at the ceiling
What broke this trend
- The fall
- -53% from US$31.9627 Feb 2026 β 31 July 2026
- Whose problem it was
- This companyno peer group to compare against
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 18%of what it lost
- What the record says
- 61% of 612 comparable falls came back, typically in 123 days measured across every stock we hold history for, its peer group being too small
The trend broke in February 2026: price fell 53% from 31.96 to 15.02 by July 2026, and has regained 18% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. The wire that week: βCORRECTION: First Majestic Silver Q4 Adj. EPS $0.30 Beats $0.21 Estimate, Sales $463.900M Beat $404.000M Estimate.β. Falls like it have resolved: falls of about 53% here have come back to the old high 61% of the time (612 comparable falls), typically in 123 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 32.38 within 223 days, reached 61% of the time in 612 comparable falls β about 0.35% a day held.
Reported at the time: CORRECTION: First Majestic Silver Q4 Adj. EPS $0.30 Beats $0.21 Estimate, Sales $463.900M Beat $404.000M Estimate. β 23 Feb 2026
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (9 months)
- Lower trend line (9 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$17.37
level as at 7 Oct 2026
Our target
US$19.97
by 26 Oct 2026
Projected move
15.0%
gross, before costs
Price sits between our buy level and our target.
The lines are drawn where this stock has actually turned: 3 touches on the ceiling, 3 on the floor, each fitted to the slope that catches the most of them. Buying one average daily range below its 50-day mean, on heavier volume than usual and while it is still above its 200-day mean, has come up 791 times; measured against the 6% floor β the least a call has to be worth to be worth making, not what it aims at β 73% cleared it, typically in 34 days, with price going about 5% against the entry along the way (63% in the worst case we have on record). Trades that have not reached the target within 3 months are counted as misses, whatever they are worth at the time. The prices above are this stockβs own β its average, its volatility β but the setup is the same one we apply everywhere: derived on eight unrelated tickers, then confirmed on 87 others it was never fitted to. We deliberately do not tune it to each stock: doing so scores worse on history the tuning never saw β 58% against 71% β because it fits the past rather than the future. On this stock the setup has come up 3 times so far, reaching target 33% of the time β too few to mean much on its own. The sell price comes from where this stock is projected to be, not from a minimum worth taking: the fitted path reaches 18% above the entry within 90 days, and of the sizes that path supports, 15% is the one that has returned the most per day of money tied up here β measured over 145 stretches of this stockβs own history, since the published entry itself is too rare here to size a target from, reached 73% of the time, typically in 19 days. Smaller sizes got there sooner but paid less for the weeks they used; larger ones need a break above the projected ceiling, which is not the base case. The date published is whichever is later: that typical time, or the day the projected path itself reaches the price. It is a prediction, so it can be revised: if the run tops out before it gets there, the target is cut to what is actually on the table and you are told the same day. An ordinary pullback is not treated as topping out β those go on to make a new high about 8 times in 10, so they are ridden through. What triggers the revision is price closing below its 50-day trend and staying there, after which the odds of recovery fall to roughly 3 in 10.
- Upper line touches
- 3
- Lower line touches
- 3
- Fit confidence
- 73%
- Fitted
- 16 Sept 2026
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 (102,244 hectares in Sonora), the La Encantada Silver Mine (4,076 hectares in Coahuila, complemented by 1,343 hectares of surface rights), the La Parrilla Silver Mine (69,478 hectares in Durango), the Del Toro Silver Mine (comprising 3,815 hectares of mining concessions and 219 hectares of surface rights in Zacatecas), the San Martin Silver Mine (12,795 hectares across 33 mining concessions in Jalisco), and the La Guitarra Silver Mine (39,714 hectares). Beyond Mexico, its holdings extend to the Jerritt Canyon gold mine, spanning approximately 30,821 hectares in Elko County, Nevada. Additionally, First Majestic maintains an interest in the Springpole project, a gold and silver prospect encompassing around 41,913 hectares in Ontario, Canada. Established in 1979, the firm initially operated as First Majestic Resource Corp. before adopting its current name, First Majestic Silver Corp., in November 2006. Its corporate headquarters are located in Vancouver, Canada.
- Sector
- Basic Materials
- Industry
- Silver
- CEO
- Keith N. Neumeyer
- Employees
- 4,000
- Country
- CA
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings β that data is licensed and we do not redistribute it.
- Valuation
- β
- Profitability
- β
- Financial health
- β
- Cash generation
- β
Key statistics
- Market cap
- US$10.31B
- Enterprise value
- β
- Beta
- 2.11
- Avg volume
- 11.61M
- Revenue per share
- β
- Dividend yield
- β
- 52-week range
- 9.04-32.04
- Exchange
- NYSE
Key ratios
- P/E (TTM)
- β
- PEG
- β
- Price / sales
- β
- Price / book
- β
- EV / EBITDA
- β
- Gross margin
- β
- Operating margin
- β
- Net margin
- β
- Current ratio
- β
- Quick ratio
- β
- Debt / equity
- β
- Interest cover
- β
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.