Company targets quarterly dividend at about 2% of net quarterly revenues from January 1, 2026 onwards divided by the Company's then outstanding common shares
Result drivers
Higher metal prices - Co said 90% higher realized silver price and 40% higher realized gold price drove revenue and earnings growth
Increased sales volumes - Revenue growth also supported by 57% and 22% increases in silver ounces sold at La Encantada and Santa Elena, respectively
Cost pressures - Higher cash costs and AISC per ounce due to operational disruptions, increased mining activity, and stronger Mexican peso
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$415.50 mln
$496 mln (1 Analyst)
Q2 Adjusted Net Income
$101.60 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"
Wall Street's median 12-month price target for First Majestic Silver Corp is C$35.00, about 63.5% above its July 29 closing price of C$21.41
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