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

First Majestic Silver Corp. (NYSE:AG) is one of the best silver mining stocks to invest in right now. On November 6, H.C. Wainwright maintained a Buy rating for First Majestic Silver Corp. (NYSE:AG) and also kept its target price for the shares at $17.50 per share. The firm explained that its decision is due to a combination of factors, including robust Q3 2025 financial results and First Majestic’s strategic acquisitions.

Speaking of the Q3 2025 earnings, First Majestic released the report on November 5, in which revenue surged 95% year-over-year to $285.1 million. Management explained that 56% of this income came from silver sales. Despite the record growth, the revenue missed expectations by 8.58%. The EPS was a miss as well; adjusted EPS came in at $0.07, falling short of the expected $0.11.

According to management, the impressive revenue growth was due to unprecedented silver output. The company produced 3.9 million ounces of silver, a 96% increase compared to the 2.0 million ounces produced in Q3 2024. And total production reached 7.7 million Silver Equivalent (AgEq) ounces, a 39% increase year-over-year from 5.5 million AgEq ounces.

First Majestic Silver Corp. (NYSE:AG) is a Canadian mining company focused on the acquisition, exploration, development, and production of silver and gold properties in North America. Its main products are silver bullion and gold bullion.

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Disclosure: None. This article is originally published at Insider Monkey.