First Majestic Silver (NYSE:AG) Shares Down 7.8% – Here’s Why

Posted by Stanley Muller on Jul 8th, 2026

First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR) shares fell 7.8% during trading on Wednesday . The stock traded as low as $15.18 and last traded at $15.17. 4,667,764 shares changed hands during trading, a decline of 75% from the average daily volume of 19,010,891 shares. The stock had previously closed at $16.45.

Analysts Set New Price Targets

Several brokerages have weighed in on AG. HC Wainwright lifted their target price on First Majestic Silver to $30.75 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. BMO Capital Markets raised First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. Weiss Ratings lowered shares of First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Finally, Wall Street Zen cut shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.25.

Check Out Our Latest Report on First Majestic Silver

First Majestic Silver Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.54 and a current ratio of 2.73. The company has a 50-day simple moving average of $19.10 and a 200-day simple moving average of $20.92. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 25.96 and a beta of 0.91.

First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last posted its quarterly earnings results on Tuesday, May 12th. The mining company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. The business had revenue of $476.67 million during the quarter, compared to analyst estimates of $522.00 million. During the same period in the prior year, the business earned $0.05 earnings per share. The firm’s quarterly revenue was up 95.3% compared to the same quarter last year. As a group, research analysts predict that First Majestic Silver Corp. will post 0.74 earnings per share for the current year.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.0171 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 20th. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.01. First Majestic Silver’s payout ratio is presently 11.67%.

Hedge Funds Weigh In On First Majestic Silver

A number of large investors have recently made changes to their positions in the stock. Lodestone Wealth Management LLC purchased a new stake in First Majestic Silver during the fourth quarter worth about $25,000. EFG International AG purchased a new position in First Majestic Silver in the fourth quarter valued at about $25,000. Harbor Investment Advisory LLC acquired a new stake in shares of First Majestic Silver during the 1st quarter valued at approximately $32,000. PNC Financial Services Group Inc. lifted its position in shares of First Majestic Silver by 184.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the mining company’s stock valued at $32,000 after acquiring an additional 978 shares during the period. Finally, Spire Wealth Management purchased a new stake in shares of First Majestic Silver during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 27.16% of the company’s stock.

About First Majestic Silver

(Get Free Report)

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.