Wall Street Analysts See a 33.5% Upside in First Majestic (AG): Can the Stock Really Move This High?

Group 1 - First Majestic Silver (AG) shares have increased by 5.9% over the past four weeks, closing at $5.91, with a mean price target of $7.89 indicating a potential upside of 33.5% [1] - The average price targets range from a low of $6 to a high of $11, with a standard deviation of $1.87, suggesting variability in analyst estimates [2] - Analysts have shown a strong agreement in revising earnings estimates higher, with the Zacks Consensus Estimate for the current year increasing by 16.7% over the past month [11][12] Group 2 - AG holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - The correlation between earnings estimate revisions and near-term stock price movements supports the expectation of a potential upside for AG [11] - While price targets can be misleading, the direction implied by the consensus price target suggests a positive outlook for AG [10][13]