BMO upgrades First Majestic Silver stock rating on valuation
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Traders placed $580M in oil bets minutes before Trump’s Iran post Trump delays strikes on Iranian power plants, says talks with Tehran "very good" Wall Street averages end more than 1% higher on Middle East de-escalation hopes Oil prices jump over 4% after Iran refutes US talks claims 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights BMO upgrades First Majestic Silver stock rating on valuation By Analyst Ratings Published 03/24/2026, 02:48 AM BMO upgrades First Majestic Silver stock rating on valuation 0 GC 0.01% SI -0.08% AG 5.09% Investing.com - BMO Capital upgraded First Majestic Silver Corp. (NYSE:AG) to Outperform from Market Perform and set a price target of C$35.00. The firm views the shares as discounted compared to historical trading multiples. The stock trades at 2.2x net asset value and 10x next-twelve-month cash flow from operations at the firm’s updated commodity price deck. The company’s PEG ratio of 0.28 suggests attractive valuation relative to growth, though the stock has declined 11.7% over the past week despite posting a remarkable 176% gain over the last year. Historical multiples for First Majestic have often exceeded 3x net asset value and 15x cash flow. BMO Capital sees value-surfacing catalysts in 2026 including expanding processing capacity at Santa Elena and Gatos. The firm also cited evaluating restart potential at Jerritt Canyon as a catalyst. According to InvestingPro analysis, the stock currently trades above its Fair Value, with net income expected to grow this year. For deeper insights, investors can access a comprehensive Pro Research Report on First Majestic, one of 1,400+ US equities covered with expert analysis and actionable intelligence. The development of newly discovered deposits at Santa Elena represents an additional catalyst for the year. In other recent news, First Majestic Silver Corp reported impressive fourth-quarter results f...
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