First Majestic Silver (NYSE:AG) Trading 8.5% Higher – Here’s Why

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) shares traded up 8.5% on Thursday . The company traded as high as $17.22 and last traded at $17.1440. 4,298,687 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 18,977,637 shares. The stock had previously closed at $15.80.

More First Majestic Silver News

Here are the key news stories impacting First Majestic Silver this week:

• Positive Sentiment: First Majestic raised its 2026 production outlook after Q2 silver output increased 3% year over year, signaling stronger operational performance and potentially higher future cash flow. AG’s Q2 Silver Production Jumps 3% Y/Y, 2026 Production View Hiked
• Positive Sentiment: HC Wainwright slightly increased its FY2026 earnings estimate for First Majestic and reiterated a Buy rating with a $26 price target, suggesting analysts still see meaningful upside. First Majestic Silver (AG) Agrees to Sell San Martin Mine for $90 Million
• Positive Sentiment: The company agreed to sell its San Martin silver mine for $90 million, which could improve liquidity and streamline the portfolio if proceeds are deployed well. First Majestic Silver (AG) Agrees to Sell San Martin Mine for $90 Million
• Neutral Sentiment: ATB Cormark upgraded the stock from Hold to Moderate Buy, another supportive analyst signal, though the move was not paired with a new target in the update. First Majestic Silver upgraded by ATB Cormark Capital Markets
• Neutral Sentiment: A valuation-focused article noted the shares may still look attractive on cash flow but expensive on earnings, which may be keeping some investors cautious despite the operational progress. First Majestic Silver (TSX:AG) Stock May Be A Bargain On Cash Flow Yet Fully Priced On Earnings

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. ATB Cormark Capital Markets raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Friday. Scotiabank upgraded shares of First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. HC Wainwright decreased their price target on shares of First Majestic Silver from $30.75 to $26.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Weiss Ratings cut shares of First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.67.

First Majestic Silver Price Performance

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 company has a 50 day moving average of $18.92 and a 200-day moving average of $20.90. The firm has a market capitalization of $8.38 billion, a P/E ratio of 28.32 and a beta of 0.91.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings data 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 firm had revenue of $476.67 million for the quarter, compared to the consensus estimate of $522.00 million. During the same quarter in the previous year, the business earned $0.05 EPS. The firm’s quarterly revenue was up 95.3% on a year-over-year basis. On average, sell-side analysts predict that First Majestic Silver Corp. will post 0.74 EPS for the current year.

First Majestic Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 20th were paid a $0.0171 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, May 20th. First Majestic Silver’s dividend payout ratio is currently 11.67%.

Institutional Trading of First Majestic Silver

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its position in shares of First Majestic Silver by 408.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 15,041,912 shares of the mining company’s stock worth $250,821,000 after purchasing an additional 12,081,688 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of First Majestic Silver by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,932,368 shares of the mining company’s stock valued at $232,539,000 after buying an additional 5,265,612 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of First Majestic Silver in the first quarter valued at approximately $62,760,000. Bank of America Corp DE boosted its stake in shares of First Majestic Silver by 92.3% in the first quarter. Bank of America Corp DE now owns 6,082,824 shares of the mining company’s stock valued at $130,659,000 after buying an additional 2,919,008 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of First Majestic Silver in the fourth quarter valued at approximately $45,898,000. Institutional investors and hedge funds own 27.16% of the company’s stock.

First Majestic Silver Company Profile

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.