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First Majestic Silver Corp. (NYSE:AG) is one of the 10 Stocks Investors Are Tracking Now.

First Majestic soared by 7.04 percent on Friday to close at $20.68 apiece, as investors loaded portfolios in mining stocks amid the rally in prices of precious metals.

During the session, the spot prices of silver and gold were up by more than 2 percent, as investors poured funds into the assets to mitigate risks from the ongoing tensions in the Middle East.

Photo from First Majestic website

The cautious sentiment was further fueled by Israel’s announcement on the same day that it would continue to attack Iran for failing to heed its warning against attacking the Israeli civilians.

Optimism, however, spilled over to mining stocks on expectations that the current surge in prices would bolster their profit margins in the future.

First Majestic Silver Corp. (NYSE:AG) is one of the largest silver producers in the world, with operations in Mexico and the US. It owns and operates various mine sites, namely San Dimas, Los Gatos, Encantada, and Santa Elena, among others.

Last year, First Majestic Silver Corp. (NYSE:AG) swung to a net income of $211 million from a $101.9 million net loss in 2024. Revenues soared by 124 percent to $1.26 billion from $560.6 million year-on-year.

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