Shares of First Majestic Silver faced significant pressure on Wednesday, mirroring a broad-based decline across the precious metals mining sector. The stock retreated approximately 6.4% during the session. Despite this pullback, the company continues to hold a top-tier “Strong Buy” rating, ranked number one, from the research firm Zacks.
Analyst Confidence and Operational Highlights
Market experts maintain a bullish outlook on First Majestic Silver. The consensus price target among analysts sits at $26.50, which stands well above the current trading level near €17.60. This confidence is partly rooted in recent operational developments.
The company’s subsidiary, First Mint, reported a surge in revenue for Q4 2025, with growth nearing 150%. This represents a significant growth avenue complementing First Majestic’s core mining operations at assets including San Dimas, Santa Elena, Los Gatos, and La Encantada. Furthermore, institutional interest has been growing. Mirae Asset Global ETFs Holdings, for instance, increased its stake by 38.5% during the third quarter of 2025.
Should investors sell immediately? Or is it worth buying First Majestic Silver?
Precious Metals Sector Faces Geopolitical Headwinds
The sell-off was not isolated to First Majestic Silver but was a sector-wide event. Equities across the mining industry experienced sharp declines. Barrick Mining dropped 5.5%, Equinox Gold fell 7.1%, and Avino Silver & Gold Mines saw a more severe 9.2% decrease.
Market observers attributed the downturn to heightened geopolitical uncertainty, notably triggered by the resignation of Joe Kent, Director of the U.S. National Counterterrorism Center. Such events historically inject volatility into precious metals and the mining companies that produce them.
It is important to view the day’s decline within a broader context. When measured over the past six months, First Majestic Silver’s equity has delivered impressive gains, appreciating roughly 105% over that period, which substantially overshadows the single-day setback.
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