First Majestic Silver Corp.
First Majestic Silver Corp. (NYSE: AG) is trading at $18.08, about ₹1,737 at today's USD/INR rate, as of 29 Sep 2026, 4:00 PM ET, up 0.74% today. Indian residents can buy First Majestic Silver from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$17.60
Today's high
$18.11
52 week low
$10.19
52 week high
$32.04
AG opened at $18.04, closed previously at $17.95, and has traded between $10.19 and $32.04 over the past 52 weeks.
About
First Majestic Silver Corp. is a North American mining company dedicated to the exploration, acquisition, development, and operation of mineral properties, primarily concentrating on silver and gold output. The company fully owns and operates a portfolio of significant mining assets. In Mexico, these include the San Dimas Silver/Gold Mine (71,868 hectares in Durango and Sinaloa), the Santa Elena Silver/Gold Mine (102,244 hectares in Sonora), the La Encantada Silver Mine (4,076 hectares in Coahuila, complemented by 1,343 hectares of surface rights), the La Parrilla Silver Mine (69,478 hectares in Durango), the Del Toro Silver Mine (comprising 3,815 hectares of mining concessions and 219 hectares of surface rights in Zacatecas), the San Martin Silver Mine (12,795 hectares across 33 mining concessions in Jalisco), and the La Guitarra Silver Mine (39,714 hectares). Beyond Mexico, its holdings extend to the Jerritt Canyon gold mine, spanning approximately 30,821 hectares in Elko County, Nevada. Additionally, First Majestic maintains an interest in the Springpole project, a gold and silver prospect encompassing around 41,913 hectares in Ontario, Canada. Established in 1979, the firm initially operated as First Majestic Resource Corp. before adopting its current name, First Majestic Silver Corp., in November 2006. Its corporate headquarters are located in Vancouver, Canada.
Key statistics
Avg. volume
10.60M
Market cap
$8.91B
P/E Ratio
25.66
Price-to-sales ratio
5.42
Enterprise value
$7.51B
Free cash flow yield
4.40%
Debt-to-equity ratio
0.11
Return on equity
6.09%
ROIC
4.49%
Beta
2.11
Dividend yield
0.25%
Last dividend
$0.05
Financial overview
Revenue
$1.28B
Earnings per share
$0.35
Free cash flow
$351.58M
Net profit margin
21.12%
Gross margin
52.57%
EBITDA
$697.72M
Revenue growth
128.18%
Similar securities
This is not an investment recommendation
How to buy First Majestic Silver from India
Indian residents can buy First Majestic Silver shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for First Majestic Silver and place an order
Find First Majestic Silver by name or by its ticker, AG, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. First Majestic Silver trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your First Majestic Silver position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in First Majestic Silver from India
Trading and taxes when buying First Majestic Silver from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. First Majestic Silver’s current yield is 0.25%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy First Majestic Silver stock?
Yes. First Majestic Silver (AG) has been listed on the New York Stock Exchange since 2006, in the Silver industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one First Majestic Silver share cost in rupees?
One First Majestic Silver share is $18.08 — about ₹1,737 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the First Majestic Silver price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying First Majestic Silver from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of First Majestic Silver?
Yes. One First Majestic Silver share is $18.08, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in First Majestic Silver.
How are gains on First Majestic Silver shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the First Majestic Silver price. Paasa issues a capital-gains statement for your return.
Does First Majestic Silver pay a dividend, and how is it taxed in India?
Yes. First Majestic Silver pays a dividend and the current yield is 0.25%; the last declared dividend was $0.05 per share, about ₹4.40. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade First Majestic Silver from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is First Majestic Silver a United States company, and does that change how it is taxed?
First Majestic Silver trades on the New York Stock Exchange in US dollars, but the company is domiciled in Canada. First Majestic Silver trades as an ordinary share listed directly in the US, not a depositary receipt. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare First Majestic Silver shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your First Majestic Silver holding, its cost and its closing value.
How do I sell First Majestic Silver and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.