First Majestic Silver Corp. (AG) Price Target Analysis
Updated Jun 12, 2026
Analyst Rating: Hold
Based on 11 analysts38.4% Below Target
AG trades 38.4% below Wall Street's consensus target of $26.88.
Current Price$19.42
Average Target$26.88
Target
Current
Low$23.00
Median$26.88
High$30.75
Analyst Target Range
Forward P/E21.9x
(Fair)
PEG Ratio0.84
(Undervalued)
Implied Growth+50.9%
(High Growth)
Analyst Spread28.8%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes AG achieves its forward estimates and maintains a stable P/E multiple of 21.9x. This scenario reflects the blended consensus of 11 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
AG Price Target Analysis
Updated June 20, 2026As of June 20, 2026, First Majestic Silver Corp. (AG) has a Wall Street consensus price target of $26.88, based on estimates from 11 covering analysts. With the stock currently trading at $19.42, this represents a potential upside of +38.4%. The company has a market capitalization of $9.59B.
Analyst price targets range from a low of $23.00 to a high of $30.75, representing a 29% spread in expectations. The median target of $26.88 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 4 analysts rating the stock as a Buy or Strong Buy,6 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, AG trades at a trailing P/E of 55.5x and forward P/E of 21.9x. The forward PEG ratio of 0.84 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +50.9% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $7.29, with bear and bull scenarios of $4.60 and $9.61 respectively. Model confidence stands at 39/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Basic Materials stocks.
Analyst Sentiment Comparison
Primary silver and gold producersAvg Peer Upside
+38.4%
Industry Consensus
Avg Forward P/E
15.7x
(Fair)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 PAASPan American Silver Corp. | $21.9B | $51.92 | $74.40 | +43.3% | Buy | 11.8x | 25 |
 HLHecla Mining Company | $11.2B | $16.72 | $23.35 | +39.7% | Hold | 19.9x | 26 |
 CDECoeur Mining, Inc. | $12.2B | $18.79 | $27.20 | +44.8% | Buy | 10.7x | 21 |
 EXKEndeavour Silver Corp. | $2.8B | $9.30 | $12.75 | +37.1% | Buy | 11.1x | 14 |
 AEMAgnico Eagle Mines Limited | $88.1B | $175.82 | $248.17 | +41.1% | Buy | 12.9x | 31 |
 KGCKinross Gold Corporation | $33.5B | $27.99 | $45.33 | +62.0% | Buy | 9.2x | 29 |
 AUAngloGold Ashanti Plc | $47.4B | $93.93 | $148.00 | +57.6% | Buy | 8.9x | 14 |
 WPMWheaton Precious Metals Corp. | $58.2B | $128.24 | $170.00 | +32.6% | Buy | 23.8x | 20 |
 NEMNewmont Corporation | $120.2B | $108.44 | $143.33 | +32.2% | Buy | 10.5x | 36 |
 CATCaterpillar Inc. | $439.9B | $945.46 | $882.20 | -6.7% | Buy | 38.4x | 53 |
AG — Frequently Asked Questions
Quick answers to the most common questions about buying AG stock.
What is the AG stock price target for 2026?
The consensus Wall Street price target for AG is $26.88, representing 38.4% upside from the current price of $19.42. With 11 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is AG a buy, sell, or hold?
AG has a consensus rating of "Hold" based on 11 Wall Street analysts. The rating breakdown is mixed, with 6 Hold ratings making up the largest segment. The consensus 12-month price target of $26.88 implies 38.4% upside from current levels.
Is AG stock overvalued or undervalued?
AG trades at a forward P/E of 21.9435x, representing a moderate valuation. With analysts targeting $26.88 (38.4% implied move), the stock appears reasonably valued with upside.
How high can AG stock go?
The most bullish Wall Street analyst has a price target of $30.75 for AG, while the most conservative target is $23. The consensus of $26.88 represents the median expectation. Our quantitative valuation model projects a bull case target of $10 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover AG stock?
AG is moderately covered, with 11 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 4 have Buy ratings, 6 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the AG stock forecast?
The 12-month AG stock forecast based on 11 Wall Street analysts shows a consensus price target of $26.88, with estimates ranging from $23 (bear case) to $30.75 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $7, with bear/bull scenarios of $5/$10.
What is AG's fair value based on fundamentals?
Our quantitative valuation model calculates AG's fair value at $7 (base case), with a bear case of $5 and bull case of $10. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 39/100.
What is AG's forward P/E ratio?
AG trades at a forward P/E ratio of 21.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 55.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy AG stock?
Wall Street analysts are very optimistic on AG, with a "Hold" consensus rating and $26.88 price target (38.4% upside). 4 of 11 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do AG price targets vary so much?
AG analyst price targets range from $23 to $30.75, a 29% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $26.88 consensus represents the middle ground. Our model's $5-$10 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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