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First Majestic Silver upgraded to Hold after strong quarter and promising macro outlook

Analyst Insights
13 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

First Majestic Silver was upgraded to Hold following a significant price drop and strong quarterly performance, including 95% revenue growth and $223.5 million in free cash flow. The company maintains a strong balance sheet with nearly $1 billion in cash and is advancing its Jerritt Canyon restart plan with a $75 million investment planned for the second half of 2027. Macroeconomic factors such as geopolitical tensions and shifts in Japan’s treasury policies could boost precious metals prices, while silver’s industrial demand presents both opportunities and risks for the company’s future growth potential.

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