Stock Track | First Majestic Silver Soars 5.03% Intraday on Strong Earnings and Safe-Haven Demand

Stock Track02-23 22:51

First Majestic Silver's stock surged 5.03% during Monday's intraday trading session, reflecting significant investor interest in the silver miner.

The sharp rise follows the company's release of better-than-expected fourth-quarter results, with adjusted earnings per share of $0.30 beating analyst estimates by 40.85% and sales of $463.9 million surpassing expectations by 14.83%.

Additionally, the broader precious metals sector gained as gold and silver prices climbed to multi-week highs. This movement was driven by market uncertainty following a U.S. Supreme Court ruling that struck down former President Donald Trump's tariffs, which pressured the dollar and boosted demand for safe-haven assets like bullion.

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