First Majestic Silver Stock Doubles in a Year Amid Rising Demand

First Majestic Silver Corp.'s stock (ISIN CA32076V1031) has nearly doubled in the past year, reaching a price of USD 19.84 as of September 18, 2026.

The company's focus on core assets and rising silver prices have contributed to this growth.

First Majestic Silver aims to increase silver production while rationalizing non-core assets, with management targeting higher output in 2026.

The stock trades at a trailing price-earnings multiple of 28.3 and an enterprise-value-to-EBITDA ratio of 8.7, reflecting the market's expectation that the new asset base will support higher production and cash flow.