First Majestic Silver Corp. $AG Stake Lessened by Van ECK Associates Corp

Posted by George Bondi on Aug 29th, 2026

Van ECK Associates Corp lessened its stake in shares of First Majestic Silver Corp. (NYSE:AG – Free Report) (TSE:FR) by 6.2% during the second quarter, Holdings Channel.com reports. The fund owned 35,668,213 shares of the mining company’s stock after selling 2,344,839 shares during the period. Van ECK Associates Corp owned 0.07% of First Majestic Silver worth $604,992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EFG International AG bought a new position in First Majestic Silver during the 4th quarter valued at $25,000. Harbor Investment Advisory LLC acquired a new stake in shares of First Majestic Silver in the first quarter valued at $32,000. PNC Financial Services Group Inc. boosted its stake in First Majestic Silver by 184.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the mining company’s stock valued at $32,000 after buying an additional 978 shares in the last quarter. Parallel Advisors LLC grew its holdings in First Majestic Silver by 36.4% during the first quarter. Parallel Advisors LLC now owns 2,100 shares of the mining company’s stock worth $45,000 after acquiring an additional 560 shares during the period. Finally, Sittner & Nelson LLC acquired a new position in First Majestic Silver during the fourth quarter worth about $50,000. Institutional investors own 27.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AG shares. Scotiabank dropped their price target on shares of First Majestic Silver from $23.00 to $22.50 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen cut shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings downgraded shares of First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. ATB Cormark Capital Markets raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 10th. Finally, HC Wainwright raised their target price on shares of First Majestic Silver from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, First Majestic Silver presently has a consensus rating of “Moderate Buy” and an average target price of $23.83.

Check Out Our Latest Stock Analysis on AG

First Majestic Silver Stock Performance

Shares of NYSE AG opened at $20.81 on Friday. The stock’s fifty day simple moving average is $17.68 and its 200 day simple moving average is $20.35. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 29.31 and a beta of 0.94. The company has a quick ratio of 2.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.08. First Majestic Silver Corp. has a 52-week low of $8.90 and a 52-week high of $32.03.

First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last announced its earnings results on Thursday, July 30th. The mining company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). First Majestic Silver had a net margin of 21.18% and a return on equity of 13.36%. The company had revenue of $415.50 million for the quarter, compared to analysts’ expectations of $496.00 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 57.3% on a year-over-year basis. As a group, sell-side analysts forecast that First Majestic Silver Corp. will post 0.81 earnings per share for the current fiscal year.

First Majestic Silver Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.0152 per share. This represents a $0.06 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, August 14th. First Majestic Silver’s payout ratio is presently 8.45%.

First Majestic Silver Company Profile

(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.