First Majestic Silver (AG) vs Harmony Gold Mining (HMY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
First Majestic Silver (AG) has outperformed Harmony Gold Mining (HMY) over the past year, gaining 31.2% versus a loss of 10.0%. Over five years, HMY leads with a +327.2% price change compared with +35.8% for AG. Harmony Gold Mining is the larger company by market cap ($10.54 billion vs $8.37 billion), about 1.3 times the size, while First Majestic Silver is growing revenue faster (+124.3% vs +11.9%).
On valuation, Harmony Gold Mining trades at a lower forward P/E (5.1x vs 17.2x for First Majestic Silver). Harmony Gold Mining offers the higher dividend yield (76.01% vs 0.27%). First Majestic Silver converts more of its revenue into profit, with a net margin of 13.1% versus -20.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AG | HMY |
|---|---|---|
| Share price | $16.98 | $16.84 |
| Market cap | $8.37B | $10.54B |
| 1-day change | +1.98% | +2.12% |
| YTD return | -0.06% | -17.14% |
| 1-year return | +31.21% | -10.04% |
| 5-year return | +35.81% | +327.20% |
| P/E ratio (TTM) | 24.26 | 6.15 |
| Forward P/E | 17.24 | 5.10 |
| EPS (TTM) | $0.70 | $2.74 |
| Dividend yield | 0.27% | 76.01% |
| Annual dividend | $0.046 | $12.80 |
| Revenue (latest FY) | $1.26B | $1.58B |
| Revenue growth (YoY) | +124.25% | +11.86% |
| Net income (latest FY) | $164.92M | $-321.00M |
| Gross margin | 56.75% | -13.64% |
| Operating margin | 31.58% | -21.15% |
| Net margin | 13.12% | -20.27% |
| 52-week high | $32.04 | $26.06 |
| 52-week low | $10.19 | $13.03 |
| Distance from 52-week high | -47.00% | -35.38% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +45.76% | +31.77% |
| Average volume | 9.97M | 3.55M |
| Shares outstanding | 492.91M | 626.11M |
| Sector | Basic Materials | Basic Materials |
| Industry | Silver | Precious Metals |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AG has outperformed HMY by 41.2 percentage points over the past year.
- First Majestic Silver trades at a higher earnings multiple (24.3x vs 6.1x trailing P/E).
- Harmony Gold Mining offers a meaningfully higher dividend yield (76.01% vs 0.27%).
- First Majestic Silver is more profitable, keeping 13.1 cents of every revenue dollar as net income versus -20.3 cents for Harmony Gold Mining.
- First Majestic Silver grew revenue faster in its latest fiscal year (+124.25% vs +11.86%).
About First Majestic Silver
AG stock →First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America.
Basic Materials · Silver
About Harmony Gold Mining
HMY stock →Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits.
Basic Materials · Precious Metals
AG vs HMY FAQ
Which is bigger, First Majestic Silver or Harmony Gold Mining?
Harmony Gold Mining (HMY) is larger, with a market capitalization of $10.54B compared with $8.37B for First Majestic Silver (AG).
Which stock has performed better over the past year, AG or HMY?
AG returned +31.21% over the past 12 months, compared with -10.04% for HMY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AG or HMY?
HMY has the lower trailing P/E at 6.1, versus 24.3 for AG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First Majestic Silver or Harmony Gold Mining?
Harmony Gold Mining has the higher yield at 76.01%, compared with 0.27% for First Majestic Silver.
Are First Majestic Silver and Harmony Gold Mining in the same industry?
Both are in the Basic Materials sector, but in different industries: Silver for First Majestic Silver and Precious Metals for Harmony Gold Mining.