First Majestic Silver is trading 4.2% up at $16.51 in pre-market, continuing its upward trajectory following a series of bullish July updates.
- The company recently raised its 2026 silver and gold production guidance and entered a definitive agreement to sell the San Martin silver mine for US$90 million.
- Market sentiment is further supported by the appointment of a new CFO and several recent analyst price target hikes.
- These company-specific catalysts are driving renewed buying interest as investors digest the optimized portfolio and improved production outlook.