First Majestic Silver (NYSE:AG) Shares Gap Down – Here’s What Happened

Posted by on Sep 28th, 2026

First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR)’s share price gapped down before the market opened on Monday. The stock had previously closed at $19.01, but opened at $17.80. First Majestic Silver shares last traded at $18.1110, with a volume of 2,100,824 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AG shares. HC Wainwright lifted their target price on First Majestic Silver from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Scotiabank decreased their price objective on shares of First Majestic Silver from $23.00 to $22.50 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. ATB Cormark Capital Markets raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Majestic Silver in a research note on Wednesday, September 2nd. Finally, Wall Street Zen downgraded shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Get Our Latest Stock Analysis on AG

First Majestic Silver Price Performance

The business’s 50-day moving average price is $18.93 and its 200 day moving average price is $19.40. The stock has a market capitalization of $8.88 billion, a PE ratio of 25.40 and a beta of 1.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.38 and a current ratio of 2.57.

First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last released its quarterly 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 firm had revenue of $415.50 million during the quarter, compared to the consensus estimate of $496.00 million. During the same period in the previous year, the company posted $0.11 EPS. The company’s revenue for the quarter was up 57.3% compared to the same quarter last year. Research analysts forecast that First Majestic Silver Corp. will post 0.81 earnings per share for the current year.

First Majestic Silver Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were paid a $0.0152 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.3%. This is a decrease from First Majestic Silver’s previous quarterly dividend of $0.0171. First Majestic Silver’s dividend payout ratio is currently 8.45%.

Institutional Trading of First Majestic Silver

Several institutional investors and hedge funds have recently modified their holdings of AG. M Holdings Securities Inc. raised its holdings in First Majestic Silver by 3.1% in the second quarter. M Holdings Securities Inc. now owns 16,960 shares of the mining company’s stock worth $285,000 after buying an additional 515 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of First Majestic Silver by 36.4% during the first quarter. Parallel Advisors LLC now owns 2,100 shares of the mining company’s stock valued at $45,000 after buying an additional 560 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of First Majestic Silver by 2.9% during the fourth quarter. Harbour Investments Inc. now owns 24,656 shares of the mining company’s stock valued at $411,000 after buying an additional 697 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of First Majestic Silver by 13.2% during the first quarter. AdvisorNet Financial Inc now owns 6,878 shares of the mining company’s stock valued at $148,000 after acquiring an additional 804 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 acquiring an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Company Profile

(Get Free Report)

First Majestic Silver Corp. is a mining company focused on the exploration, development, and production of silver, gold, lead, and zinc. The company generates revenue primarily by producing and selling metal concentrates, doré bars, and other refined precious-metal products.

Founded in 2002 and headquartered in Vancouver, British Columbia, First Majestic has historically concentrated its operations in Mexico and the United States. Its principal Mexican mining assets have included the San Dimas, Santa Elena, and La Encantada mines, while its U.S.

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