New York, Feb 23, 2026, 05:58 EST — Premarket
- AG tacked on another 1.4% early, extending Friday’s strong move higher
- Spot silver jumped 2.6% as investors moved cash back into precious metals.
- Over the weekend, analysts issued upgrades, keeping attention on momentum heading into the open.
Shares of First Majestic Silver Corp ticked 1.4% higher in U.S. premarket action Monday, trading near $27.94 after ending Friday at $27.55.
Silver’s latest jump has miners’ shares moving sharply, since their costs don’t always rise and fall in lockstep with the metal itself. Spot silver rallied 2.6% to $86.73 an ounce, Reuters said, after a U.S. Supreme Court decision on tariffs drove the dollar down and reignited safe-haven buying.
That’s relevant for First Majestic right now, with shares hovering close to the upper end of their recent band after surging earlier this month. Investing.com data shows the miner has traded between roughly $5.09 and $27.90 over the past 52 weeks.
First Majestic surged 11.18% to close at $27.55 in the last regular session, just a few cents shy of its intraday high at $27.58. Share volume exploded, with more than 37 million shares changing hands—well above its usual daily pace.
The surge kicked off after the company reported a blowout fourth quarter, raking in $463.9 million in revenue and turning out adjusted EPS of $0.30. Alongside the numbers, a cash dividend—$0.0083 per share—was announced for shareholders recorded on Feb. 27, with payment slated for around March 16, according to the company.
Sentiment picked up over the weekend, as Zacks Research bumped the stock up to “strong-buy” and Wall Street Zen marked it “buy,” according to MarketBeat. Those shifts landed during a rush of other analyst calls, leaving opinions divided on the stock’s room to climb after its recent rally. MarketBeat
Silver-related stocks have been tracking the metal. The Global X Silver Miners ETF added roughly 4.4% at its previous close. Shares of Pan American Silver and Hecla Mining advanced, too.
Management is doubling down on its exposure to the metal. “We don’t hedge. We’re fully exposed,” CEO Keith Neumeyer told analysts on the earnings call. He also said the company is looking to ramp up its First Mint operation. Investing.com
That exposure can sting, too. A quick drop in silver prices would squeeze margins fast, and with the stock already pushing into the high-$20s, there’s not much cushion left if expenses climb or output falls short.
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