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

08 Jul 2026, 18:02 by Kim Johansen · The Markets Daily

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

Analyst Ratings Changes

Several brokerages recently issued reports on AG. Wall Street Zen cut First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research cut First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Scotiabank raised First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. BMO Capital Markets upgraded shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings cut shares of First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, First Majestic Silver currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.25.

View Our Latest Report on First Majestic Silver

First Majestic Silver Trading Down 5.3%

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

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

First Majestic Silver Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new stake in shares of First Majestic Silver during the 4th quarter worth about $25,000. EFG International AG acquired a new position in shares of First Majestic Silver in the fourth quarter valued at approximately $25,000. Harbor Investment Advisory LLC acquired a new position in shares of First Majestic Silver in the first quarter valued at approximately $32,000. PNC Financial Services Group Inc. lifted its stake 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 buying an additional 978 shares during the period. Finally, Spire Wealth Management purchased a new position in shares of First Majestic Silver during the fourth quarter valued at approximately $35,000. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

About First Majestic Silver

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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.