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

Core Viewpoint - First Majestic Silver Corp. is highlighted as a strong investment opportunity in the silver mining sector, supported by robust financial performance and strategic acquisitions [1][2]. Financial Performance - For Q3 2025, First Majestic reported a revenue increase of 95% year-over-year, reaching $285.1 million, with 56% of this revenue derived from silver sales [2][3]. - Despite the significant revenue growth, the results fell short of expectations by 8.58%, and the adjusted EPS was $0.07, missing the anticipated $0.11 [2]. Production Metrics - The company achieved unprecedented silver output, producing 3.9 million ounces of silver, which is a 96% increase from 2.0 million ounces in Q3 2024 [3]. - Total production reached 7.7 million Silver Equivalent (AgEq) ounces, marking a 39% year-over-year increase from 5.5 million AgEq ounces [3]. Company Overview - 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, primarily producing silver and gold bullion [4].