Track record · closed signal

First Majestic Silver Corp (AG) — closed signal from June 22, 2026

Target reached Published before the outcome was known, scored automatically when the window closed on September 20, 2026 — +9% at the close.

Predicted vs. what happened

AG price · publication thesis → realized outcomesplit-adjusted

$17.25 – $18.60Entry zone — fair-value band

$18.21Published — price the day we called it

$21.66Target — the price the thesis aimed for

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

$19.84Window close — end-of-window price, context only

What happened

Target reached

Reached its target in 59 days.

At window close

+9%

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

Peak gain

+21.9%

peak, from the publication price — not a realized return

S&P 500, same window

+2.6%

SPY over the identical days, dividend-adjusted

Window close

$19.84

last close inside the window, ended September 20, 2026

Peak price

$22.19

peak on August 28, 2026 — not a realized return

Days to target

The thesis — published June 22, 2026

Predicted growth

+19%

over the measurement window

Target price

$21.66

the price the thesis aimed for

Entry zone

$17.25 – $18.60

the fair-value band we waited for

Price at publication

$18.21

published June 22, 2026

Confidence

70%

how strongly the data lined up

Timeframe

Short-term (0–3 months)

First Majestic can benefit if silver prices rise because its business is tied to the metal, and its balance sheet looks healthier than many peers. The Del Toro deal gives a concrete new asset that could add value. However, silver prices swing quickly, and recent momentum is unclear, so this looks like a short-term opportunity rather than a long-term core holding.

Primary drivers

Del Toro deal brings a new mine that could add value
Company profits rise when silver prices move higher
Stronger financial position than many other miners
Silver price swings can quickly change the outlook

How it played out

AG: target reached in 59 days

On June 22, Lyra published a short-term thesis for AG at $18.20, with expected growth of 19% and a target of $21.66. The thesis pointed to the Del Toro deal, exposure to higher silver prices, a stronger financial position than many peers, and the risk from sharp silver price swings.

AG reached the target in 59 days. It peaked at $22.19 on August 28, a 21.9% gain, then ended the window at $19.84 on September 20. The peak cleared the published target, even though the price gave back part of the gain by the end. The short-term thesis played out.

What happened during the window

On July 8, First Majestic reported second-quarter silver production of 3.8 million ounces and updated its 2026 production and cost guidance. On July 30, it reported second-quarter revenue of $415.5 million, up 57% from the prior year.

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

Lyra

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.

See today’s picks All AG signals