Why First Majestic Stock Sank Today

Core Insights - Silver and gold stocks, including First Majestic, have seen a decline in attractiveness due to falling prices of these metals [1][6] - First Majestic's stock has increased by over 217% since the beginning of 2025, but experienced a drop of 4.1% today [1][4] - The price of silver has decreased from nearly $83 per ounce to less than $71 per ounce, compared to about $30 per ounce a year ago [3][5] Company Performance - First Majestic's current stock price is $16.70, with a market capitalization of $8.6 billion [4] - The stock's trading range for the day was between $16.21 and $17.17, and its 52-week range was from $5.09 to $17.91 [4][5] - In the first three quarters of 2025, silver and gold sales accounted for 57% and 33% of First Majestic's revenue, respectively [5] Market Context - The decline in precious metal prices has a strong correlation with the performance of precious metal stocks, impacting First Majestic's stock price [6] - Despite the recent price drop, First Majestic shares are trading at approximately 21.7 times operating cash flow, which is below their five-year average of 24.9 [7]