Industry Analysts Just Made A Captivating Upgrade To Their First Majestic Silver Corp. (TSE:AG) Revenue Forecasts
First Majestic Silver Corp. ( TSE:AG ) shareholders will have a reason to smile today, with the analysts making...
First Majestic Silver Corp. (TSE:AG) shareholders will have a reason to smile today, with the analysts making substantial upgrades to next year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. Investors have been pretty optimistic on First Majestic Silver too, with the stock up 18% to CA$33.36 over the past week. It will be interesting to see if today's upgrade is enough to propel the stock even higher. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery.
The best part - they are all under $10bn in marketcap - there is still time to get in early. Following the upgrade, the latest consensus from First Majestic Silver's three analysts is for revenues of US$1.3b in 2026, which would reflect a huge 30% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$1.1b in 2026. It looks like there's been a clear increase in optimism around First Majestic Silver, given the decent improvement in revenue forecasts. See our latest analysis for First Majestic Silver TSX:AG Earnings and Revenue Growth January 23rd 2026 The consensus price target rose 29% to CA$32.33, with the analysts clearly more optimistic about First Majestic Silver's prospects following this update.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that First Majestic Silver's rate of growth is expected to accelerate meaningfully, with the forecast 23% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 11% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 21% annually.
Factoring in the forecast acceleration in revenue, it's pretty clear that First Majestic Silver is expected to grow at about the same rate as the wider industry. The Bottom Line The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for next year. The analysts also expect revenues to grow approximately in line with the wider market. There was also an increase in the price target, suggesting that there is more optimism baked into the forecasts than there was previously. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at First Majestic Silver.
Story Continues Analysts are definitely bullish on First Majestic Silver, but no company is perfect. Indeed, you should know that there are several potential concerns to be aware of, including major dilution from new stock issuance in the past year. For more information, you can click through to our platform to learn more about this and the 1 other flag we've identified . Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.
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