Gold prices steady ahead of Fed decision, Trump’s tariff deadline
First Majestic Silver Corp. (NYSE:AG) stock reached a 52-week high, closing at 8.99 USD, with a remarkable year-to-date return of 57.67%. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 3.19. This peak marks a significant milestone for the $4.18 billion market cap mining company, reflecting a robust performance over the past year. The stock has appreciated by 31.11% over the last 12 months, supported by impressive revenue growth of 33.6%, indicating strong investor confidence and favorable market conditions. InvestingPro analysis suggests the stock may be slightly overvalued at current levels. This upward trend highlights First Majestic Silver’s resilience and potential growth in the precious metals sector, attracting interest from both institutional and retail investors. The company operates with moderate debt levels and maintains healthy liquidity. Discover 8 additional exclusive insights about AG with an InvestingPro subscription.
In other recent news, First Majestic Silver reported its second-quarter 2025 production results, showing a significant increase in output. The company produced 7.9 million Silver Equivalent Ounces, a 48% rise compared to the previous year. Silver production increased by 76% to 3.7 million ounces, while gold production decreased by 14% to 33,865 ounces. Additionally, zinc and lead production saw quarter-over-quarter increases of 29% and 20%, respectively. This growth is largely attributed to First Majestic’s acquisition of a 70% stake in the Cerro Los Gatos mine and a 17% production increase at the San Dimas mine. H.C. Wainwright responded to these developments by raising its price target for First Majestic Silver to $12.75, maintaining a Buy rating. The firm cited the acquisition and increased mining rates as key factors in the improved production figures. Despite a 10% decrease in production at Santa Elena due to lower grade ores, the company’s management noted that the results were in line with expectations.
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