First Majestic Silver Corp. Hits Day High with 7.27% Surge

First Majestic Silver Corp. has experienced a significant surge today, with the stock climbing 7.27% and reaching an intraday high of CAD 41.05. This notable performance stands out against the S&P/TSX 60, which only saw a modest increase of 0.51% on the same day. Over the past week, First Majestic Silver has demonstrated impressive momentum, with a remarkable 29.28% gain compared to the S&P/TSX 60's 2.02% rise. The company's strong financial metrics further underscore its robust market position. First Majestic Silver reported a staggering 2139.63% growth in net profit, alongside a pre-tax profit of CAD 48.85 million, which has increased by 265.63%. The operating cash flow reached a record high of CAD 373.39 million, contributing to a return on capital employed (ROCE) of 0.79%. With a market capitalization of CAD 13,548 million, First Majestic Silver Corp. continues to attract attention in the gems, jewellery, and watches industry, showcasing a solid performance trajectory over various time frames, including a remarkable 411.25% increase over the past year.