First Majestic says it has agreed on a settlement framework with Mexico and temporarily paused its NAFTA arbitration proceedings.
First Majestic Silver Corp. announced the agreement on Oct. 13. It did not disclose the framework’s terms or value, or say when a final settlement might be reached.
Investor takeaway: The agreement points to possible progress, but the terms and outcome remain unclear.
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First Majestic Silver Corp
AG.TO
AG.TO
First Majestic Silver Corp
WealthAwesomeMarket cap
$10.70B
P/E
24.1x
Div. yield
0.20%
Div. / share
$0.05
52W high
$43.62
52W low
$14.39
1W change
-5.59%
Beta
2.19
Analyst Price Targets
Based on analyst covering AG · as of Sep 23, 2026
Wall Street analysts forecast AG stock price to rise 52.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$34.75
+52.5% Upside
Previously C$34.50 on Sep 17, 2026
Current Price
C$22.79
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AG's historical volatility
30-Day Vol
58.1%
Annualized
90-Day Vol
63.3%
Annualized
Trend (90d)
+9.3%
Annualized drift
90d Mean
C$23.56
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$23.04 | C$18.86 – C$28.16 |
| 60 trading days | C$23.30 | C$17.55 – C$30.94 |
| 90 trading days | C$23.56 | C$16.64 – C$33.34 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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First Majestic closed at C$22.79
The latest close was C$22.79. Trading volume was 1,299,674 shares, or 0.65 times the 20-day average. The available information does not show that the announcement caused the share-price move.
Bull case
Agreeing on a framework and pausing arbitration could signal progress toward resolving the dispute. First Majestic has not provided details, however.
Bear case
The framework is not a final settlement. Its terms, timing, and outcome remain unknown.
What happened: arbitration proceedings temporarily suspended
In its Oct. 13 announcement, First Majestic said it had agreed on a settlement framework with Mexico and temporarily suspended its NAFTA arbitration proceedings. The announcement does not explain the dispute, describe the framework, or say that the parties have signed a final settlement. It also gives no timeline for next steps. For Canadian investors following AG.TO, the missing details make it difficult to assess the potential financial or operational impact.
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What the numbers show: C$22.79 close, below recent averages
First Majestic’s latest reported close was C$22.79. The shares rose 5.02% in one day but fell 5.59% over one week and 12.21% over one month. The year-to-date change was positive 3.51%.
Volume was 1,299,674 shares, below the 20-day average of 2,017,409, or 0.65 times the average. The close was 14.7% below the 50-day moving average of C$26.73 and 18.6% below the 200-day average of C$27.99. These figures describe recent trading, but do not show that the settlement announcement drove the daily gain. The company’s stock page lists the supplied quote and trading data.
What to watch next: terms and progress toward a final settlement
Investors will be watching for details of the framework, whether the parties reach a final agreement, and how the temporary pause affects the arbitration process. The announcement gives no settlement amount or timeline, so those details cannot yet be assessed.
A separate Oct. 12 headline reported that First Majestic’s Q3 silver production fell 11% year over year. That is background information, not a stated term or consequence of the Mexico framework.
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