Why First Majestic Silver Stock Was Wilting on Wednesday

Core Viewpoint - First Majestic Silver's stock declined over 7% despite the company achieving record silver production and revenue in the third quarter, indicating a disconnect between market expectations and actual performance [1][2][4]. Financial Performance - In the third quarter, First Majestic Silver produced 3.9 million ounces of silver, nearly doubling year-over-year, and total revenue reached slightly over $285 million, up from approximately $146 million in the previous year [2]. - The company reported a non-GAAP adjusted net income of $32.4 million ($0.07 per share), a turnaround from a loss of $10.5 million in the same quarter of the previous year [3]. Market Expectations - Analysts had high expectations for First Majestic, with consensus estimates for revenue at nearly $312 million and adjusted profitability at $0.11 per share, which were not met [4]. Dividend Policy - First Majestic announced a quarterly dividend of just under $0.01 per share, marking a 7% increase from the previous dividend, continuing its policy of paying approximately 1% of net revenue [5].