First Majestic Silver (AG) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.21
- Estimate
- $0.25
- Surprise
- -14.9%
- Revenue (period 2026-06-30)
- $414.2M
- Score at report (before → after)
- 6.5 → 6.6/10
Revenue source: yfinance_provisional (provisional — SEC XBRL not yet filed for this period).
How the report landed
First Majestic Silver (AG) missed the $0.25 estimate with adjusted EPS of $0.21 — a large 14.9% shortfall. TrendMatrix's engine moved from Hold (6.5/10) to Buy (Wait) at 6.6/10 after the report — the engine's score rose despite the miss.
Where TrendMatrix's rating stands now
TrendMatrix currently rates AG Hold at 6.7/10.
1 of the last 4 quarters beat the estimate; this quarter's -14.9% surprise compares with a +0.2% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.6 in RISK_OFF)
- High-quality business
What argues against it
- Sector modifier (Basic Materials): -0.1
- Consecutive earnings misses (2)
- Negative momentum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $15.25
- Price target
- $20.40
- Stop
- $14.51
- Upside to target
- +33.8%
- Reward-to-risk
- 3.6:1
The stock trades at 23.3× trailing but 16.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 19 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-10-15 — shown for context, not personalized investment advice.
AG at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Silver
- Market cap
- $8.05B
- P/E (fwd)
- 16.8
- P/E (ttm)
- 23.3
- 52-week range
- $10.19–$32.04
- Off 52-week high
- 52.4%
- RSI (14)
- 19
- Volume vs avg
- 1.49×
- Score today
- 6.7/10