First Majestic Silver stock gets a higher 2026 output target sharpened by growth plans

First Majestic Silver (ISIN CA32076V1031) closed at USD 17.54 on the NYSE on October 6, 2026, up 0.17 percent from the previous session. The operating story remains centered on a higher 2026 silver production target, which now stands at 14.6 million to 15.5 million ounces.

Higher silver target supports growth

According to Zacks on September 18, 2026, First Majestic raised its attributable 2026 silver guidance to 14.6 million to 15.5 million ounces from the original 13.0 million to 14.4 million ounces. That change lifts the lower end of the target by 12.3 percent and the upper end by 7.6 percent.

The same update raised 2026 gold production guidance to 128,000 to 135,000 ounces from 116,000 to 129,000 ounces. First Majestic also set a 2026 capital budget of USD 318 million to USD 344 million, directed toward mine expansion, equipment and the Jerritt Canyon restart program.

Q2 revenue rose 57.3 percent

According to MarketBeat, First Majestic reported Q2 2026 revenue of USD 415.5 million, up 57.3 percent from the same quarter a year earlier. The portal also reports quarterly earnings per share of USD 0.21, which missed the USD 0.25 consensus estimate by USD 0.04.

The contrast matters for investors: production and revenue are expanding, but quarterly earnings still depend on metal prices, operating costs and the pace of mine investment. First Majestic operates silver and gold assets in Mexico and the United States, including San Dimas, Santa Elena, La Encantada and Los Gatos, according to its September 2026 company release.

Consensus target stays above USD 24

MarketBeat lists a Moderate Buy consensus based on 8 analysts, with an average price target of USD 24.75, a high target of USD 27.00 and a low target of USD 22.50. The average target lies 41.1 percent above the October 6 closing price of USD 17.54.

AG stock closes at USD 17.54

AG closed at USD 17.54 on the NYSE on October 6, 2026, with an intraday range of USD 17.190 to USD 17.785, volume of 9,470,000 shares and a market capitalization of USD 8.7 billion. The 52-week range is USD 10.165 to USD 32.04, leaving the stock below its yearly high while the expanded production plan provides the central operating comparison.

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