H.C. Wainwright Maintains Buy Rating on First Majestic (AG), Keeps $17.50 PT

First Majestic Silver Corp. (NYSE:AG) is one of the best silver mining stocks to invest in right now. On November 6, H.C. Wainwright maintained a Buy rating for First Majestic Silver Corp. (NYSE:AG) and also kept its target price for the shares at $17.50 per share. The firm explained that its decision is due to a combination of factors, including robust Q3 2025 financial results and First Majestic’s strategic acquisitions.

H.C. Wainwright Maintains Buy Rating on First Majestic (AG), Keeps $17.50 PT

Speaking of the Q3 2025 earnings, First Majestic released the report on November 5, in which revenue surged 95% year-over-year to $285.1 million. Management explained that 56% of this income came from silver sales. Despite the record growth, the revenue missed expectations by 8.58%. The EPS was a miss as well; adjusted EPS came in at $0.07, falling short of the expected $0.11.

According to management, the impressive revenue growth was due to unprecedented silver output. The company produced 3.9 million ounces of silver, a 96% increase compared to the 2.0 million ounces produced in Q3 2024. And total production reached 7.7 million Silver Equivalent (AgEq) ounces, a 39% increase year-over-year from 5.5 million AgEq ounces.

First Majestic Silver Corp. is a Canadian mining company focused on the acquisition, exploration, development, and production of silver and gold properties in North America. Its main products are silver bullion and gold bullion.

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This article is originally published at Insider Monkey.