Sifting through countless of stocks in the Metals & Mining industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Fortuna Mining Corp. or First Majestic Silver Corp. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Fortuna Mining Corp. and First Majestic Silver Corp. compare based on key financial metrics to determine which better meets your investment needs.

About Fortuna Mining Corp. and First Majestic Silver Corp.

Fortuna Mining Corp. engages in the precious and base metal mining and related activities in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, Peru, and Senegal. The company operates through Mansfield, Sanu, Sango, Cuzcatlan, and Bateas segments. It operates the Lindero gold mine, the Yaramoko gold mine, the Séguéla gold mine, and the San Jose silver-gold mine, as well as the Caylloma silver, lead, and zinc mine. The company was formerly known as Fortuna Silver Mines Inc. and changed its name to Fortuna Mining Corp. in June 2024. Fortuna Mining Corp. was incorporated in 1990 and is based in Vancouver, Canada.

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits. Its projects include the San Dimas silver/gold mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena silver/gold mine that covers an area of approximately 102,244 hectares located in Sonora State, Mexico; and the La Encantada silver mine covering an area of approximately 4,076 hectares located in Coahuila State, Mexico. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.

Latest Metals & Mining and Fortuna Mining Corp., First Majestic Silver Corp. Stock News

As of January 30, 2026, Fortuna Mining Corp. had a $3.0 billion market capitalization, compared to the Metals & Mining median of $2.4 million. Fortuna Mining Corp.’s stock is down 0.3% in 2026, down 16.1% in the previous five trading days and up 109.42% in the past year.

Currently, Fortuna Mining Corp.’s price-earnings ratio is 11.7. Fortuna Mining Corp.’s trailing 12-month revenue is $1.3 billion with a 18.4% net profit margin. Year-over-year quarterly sales growth most recently was 38.4%. Analysts expect adjusted earnings to reach $0.759 per share for the current fiscal year. Fortuna Mining Corp. does not currently pay a dividend.

As of January 30, 2026, First Majestic Silver Corp. had a $10.3 billion market cap, putting it in the 78th percentile of all stocks. First Majestic Silver Corp.’s stock is up 25.1% in 2026, down 18.1% in the previous five trading days and up 276.17% in the past year.

Currently, First Majestic Silver Corp.’s price-earnings ratio is 131.9. First Majestic Silver Corp.’s trailing 12-month revenue is $965.6 million with a 7.1% net profit margin. Year-over-year quarterly sales growth most recently was 95.1%. Analysts expect adjusted earnings to reach $0.363 per share for the current fiscal year. First Majestic Silver Corp. currently has a 0.1% dividend yield.

How We Compare Fortuna Mining Corp. and First Majestic Silver Corp. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Fortuna Mining Corp. and First Majestic Silver Corp.’s stock grades to see how they measure up against one another.

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Fortuna Mining Corp. and First Majestic Silver Corp. Stock Value Grades

Company	Ticker	Value
Fortuna Mining Corp.	FSM	B
First Majestic Silver Corp.	AG	F

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Fortuna Mining Corp. has a Value Score of 77, which is Value. First Majestic Silver Corp. has a Value Score of 8, which is Ultra Expensive.

The Value Stock Winner: Fortuna Mining Corp.

As you can clearly see from the Value Grade breakdown above, Fortuna Mining Corp. is considered to have better value than First Majestic Silver Corp.. For investors who focus solely on a company’s valuation, Fortuna Mining Corp. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Fortuna Mining Corp. and First Majestic Silver Corp.’s Quality Grades

Company	Ticker	Quality
Fortuna Mining Corp.	FSM	A
First Majestic Silver Corp.	AG	D

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Fortuna Mining Corp. has a Quality Score of 97, which is Very Strong. First Majestic Silver Corp. has a Quality Score of 39, which is Weak.

The Quality Grade Winner: Fortuna Mining Corp.

As you can clearly see from the Quality Grade breakdown above, Fortuna Mining Corp. has a better overall quality grade than First Majestic Silver Corp.. For investors who are looking for companies with higher quality than others in the same industry, Fortuna Mining Corp. could be a good stock to add to their portfolios. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Fortuna Mining Corp. and First Majestic Silver Corp.’s Momentum Grades

Company	Ticker	Momentum
Fortuna Mining Corp.	FSM	A
First Majestic Silver Corp.	AG	A

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Fortuna Mining Corp. has a Momentum Score of 86, which is Very Strong. First Majestic Silver Corp. has a Momentum Score of 97, which is Very Strong.

The Momentum Grade Winner: It’s a Tie!

Looking at the Momentum Grade breakdown above, both Fortuna Mining Corp. and First Majestic Silver Corp. have a grade of A. For those who focus solely on a company’s momentum, further research will need to be conducted into both companies to see if they fit your individual needs as an investor.

Other Fortuna Mining Corp. and First Majestic Silver Corp. Grades

In addition to Quality, Momentum and Value, A+ Investor also provides grades for Growth and Estimate Revisions.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Fortuna Mining Corp. and First Majestic Silver Corp. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Fortuna Mining Corp. or First Majestic Silver Corp. Stock?

Overall, Fortuna Mining Corp. stock has a Value Score of 77, Momentum Score of 86 and Quality Score of 97.

First Majestic Silver Corp. stock has a Value Score of 8, Momentum Score of 97 and Quality Score of 39.

Comparing Fortuna Mining Corp. and First Majestic Silver Corp.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.