Track record · closed signal

First Majestic Silver Corp (AG) — closed signal from June 8, 2026

Target reached Published before the outcome was known, scored automatically when the window closed on September 6, 2026 — +20.6% at the close.

Predicted vs. what happened

AG price · publication thesis → realized outcomesplit-adjusted

$16.50 – $17.80Entry zone — fair-value band

$17.39Published — price the day we called it

$20.86Target — the price the thesis aimed for

$22.19Peak — highest point inside the window, not a realized return

$20.97Window close — end-of-window price, context only

What happened

Target reached

Reached its target in 72 days.

At window close

+20.6%

realized, from the publication price to the last close inside the window

Peak gain

+27.6%

peak, from the publication price — not a realized return

S&P 500, same window

+4.5%

SPY over the identical days, dividend-adjusted

Window close

$20.97

last close inside the window, ended September 6, 2026

Peak price

$22.19

peak on August 28, 2026 — not a realized return

Days to target

The thesis — published June 8, 2026

Predicted growth

+20%

over the measurement window

Target price

$20.86

the price the thesis aimed for

Entry zone

$16.50 – $17.80

the fair-value band we waited for

Price at publication

$17.39

published June 8, 2026

Confidence

65%

how strongly the data lined up

Timeframe

Short-term (0–3 months)

First Majestic is a speculative play on silver prices. The stock can move a lot: big gains happened, then a sharp drop tied to leveraged products. The company has growth and a solid balance sheet, which provides optionality, but sensitivity to silver prices and recent bearish price action mean expect a cautious 0-3 month outlook.

Primary drivers

Stronger silver prices would bring miners back into focus
Recent selloff raises the chance of a rebound trade
Healthy balance sheet lets the company ride cycles
Ongoing metal-price swings limit conviction near term

How it played out

AG: target reached in 72 days

Lyra published AG at $17.39 with 20% expected growth over 0-3 months. The thesis described a speculative silver-price trade. It pointed to stronger silver prices, rebound potential after the recent selloff, a healthy balance sheet, and metal-price swings that limited conviction.

The stock reached the $20.86 target in 72 days. It later peaked at $22.19 on August 28, a 27.6% gain, and ended the window at $20.97. The price cleared the target and remained above it at the end. The thesis played out in full.

What happened during the window

On June 22, 2026, First Majestic announced that Sierra Madre had completed its acquisition of the Del Toro Silver Mine. On July 30, 2026, First Majestic reported Q2 revenue of $415.5 million and net earnings of $109.4 million.

Prices are shown split- and dividend-adjusted, matching what public charts show today.

Lyra

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