First Majestic Silver Corp. (AG) — closed signal from December 5, 2025
Target reached Published before the outcome was known, scored automatically when the window closed on March 5, 2026.
Predicted vs. what happened
What happened
Reached its target in 38 days.
The thesis — published December 5, 2025
First Majestic is a straightforward way to benefit if silver stays strong. The stock jumped about 155% in 2025 and is near its one-year high, but a discounted cash flow model suggests it could still be about 22% undervalued. Strong buying and high volume support the rise, yet new convertible debt and very upbeat investor sentiment make buying pullbacks safer than chasing the rally.
Primary drivers
- Higher silver prices boost cash flow and profit leverage
- Strong momentum and heavy buying support the uptrend
- Valuation work suggests the stock may be meaningfully undervalued
- New $300 million convertible notes increase financing risk
How it played out
AG: target reached in 38 days
Lyra published AG at $15.40 on 2025-12-05 with expected growth of 30%. The thesis pointed to higher silver prices, strong momentum and heavy buying, valuation work that suggested the stock may have been meaningfully undervalued, and financing risk from new $300 million convertible notes.
Inside the window, AG reached the $20.02 target in 38 days. It later peaked at $32.04 on 2026-02-27, with a peak gain of 108.1%. By 2026-03-05, it ended at $26.27. The published thesis played out, and the price moved well past the target before the window closed.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
Share this receipt
A scored call, published before the outcome was known. Paste the link anywhere — it unfurls as the card above.
Read the next call before it closes.
This is one signal, scored after the fact. Today’s picks come with the same plain-language thesis — published before anyone knows the outcome.