AG · NYSE · STOCK
First Majestic Silver Corp.
$18.96
52W $8.34 – $32.04
66/100
$9.35B
26.9
2.11
Is AG Bullish or Bearish?
Bullish.
Innellis AI committee rates First Majestic Silver Corp. (AG) Buy with a composite score of 66/100
, based on 6 analysts with 67% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +8.94 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -11.06 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is revenue growing 98.5% yoy -- genuine top-line momentum. The main limiting factor is rsi at 74 is in overbought territory. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.3x is a discount to asset value — Value
- Revenue growing 98.5% YoY -- genuine top-line momentum — Growth
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.18) -- balance sheet can absorb a shock — Risk
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- P/E of 26.1 is moderate-to-rich — Value
- RSI at 74 is in overbought territory — Technical
- Price trading above the upper Bollinger Band -- stretched — Technical
- Bollinger bandwidth of 27.4% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
66/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 23%
of 95 Basic Materials peers
Value Analyst
bullish
63
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Price-to-book of 1.3x is a discount to asset value
− P/E of 26.1 is moderate-to-rich
Growth Analyst
bullish
85
/ 100 · Low confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 98.5% YoY -- genuine top-line momentum
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− RSI at 74 is in overbought territory
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.18) -- balance sheet can absorb a shock
− Bollinger bandwidth of 27.4% signals elevated volatility
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
65
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.22 across 9 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
73.7
Overbought
MACD Histogram
0.422
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Lh Ll
Support
$17.88
Resistance
$24.50
Bollinger %B
1.01
Above Upper Band
Price vs Moving Averages
EMA 9
$17.60
Above
EMA 21
$17.05
Above
EMA 50
$17.51
Above
EMA 200
$17.59
Above
Fundamental Analysis
Valuation
76
Profitability
62
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
26.9×
P/B Ratio
3.18×
PEG Ratio
0.01
Dividend Yield
0.19%
52W High
$32.04
52W Low
$8.34
Quality & Growth
ROE
608.9%
ROA
358.1%
Gross Margin
5257.3%
Operating Margin
4397.1%
Revenue Growth YoY
—
Debt / Equity
0.11
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of 26.9 (moderate relative to a 15-40x range); Price-to-book of 3.2x; PEG ratio of 0.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 6.1%; Return on assets of 3.6%; Net margin of 21.1%; Gross margin of 52.6%; Current ratio of 2.57 (healthy short-term liquidity); Debt-to-equity of 0.11; Free cash flow per share is positive (1.40); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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