Connor Clark & Lunn Investment Management Ltd. Makes New $37.93 Million Investment in First Majestic Silver Corp. $AG

Posted by Brian Himes on Aug 25th, 2026

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of First Majestic Silver Corp. (NYSE:AG – Free Report) (TSE:FR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,236,001 shares of the mining company’s stock, valued at approximately $37,926,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.45% of First Majestic Silver as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. EFG International AG acquired a new stake in First Majestic Silver in the fourth quarter worth about $25,000. Harbor Investment Advisory LLC acquired a new position in First Majestic Silver during the 1st quarter valued at about $32,000. PNC Financial Services Group Inc. boosted its stake in shares of First Majestic Silver by 184.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the mining company’s stock valued at $32,000 after purchasing an additional 978 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of First Majestic Silver by 36.4% in the 1st quarter. Parallel Advisors LLC now owns 2,100 shares of the mining company’s stock valued at $45,000 after purchasing an additional 560 shares during the last quarter. Finally, Sittner & Nelson LLC acquired a new stake in shares of First Majestic Silver during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 27.16% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Analysis on AG

First Majestic Silver Price Performance

AG opened at $20.86 on Tuesday. The stock has a market cap of $10.28 billion, a P/E ratio of 29.38 and a beta of 0.94. First Majestic Silver Corp. has a 12 month low of $8.72 and a 12 month high of $32.03. The company has a quick ratio of 2.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $17.46 and a 200 day simple moving average of $20.35.

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

First Majestic Silver Cuts Dividend

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

First Majestic Silver 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.