First Majestic Silver Corp. $AG Stock: Pictet Asset Management Holding SA Reduces Stake

Pictet Asset Management Holding SA trimmed its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 21.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,548 shares of the mining company’s stock after selling 40,842 shares during the period. Pictet Asset Management Holding SA’s holdings in First Majestic Silver were worth $2,650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AG. Bank of America Corp DE lifted its holdings in shares of First Majestic Silver by 92.3% during the 1st quarter. Bank of America Corp DE now owns 6,082,824 shares of the mining company’s stock worth $130,659,000 after acquiring an additional 2,919,008 shares during the period. The Manufacturers Life Insurance Company bought a new stake in First Majestic Silver in the second quarter valued at about $59,610,000. Renaissance Technologies LLC bought a new stake in First Majestic Silver in the first quarter valued at about $62,760,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in First Majestic Silver in the second quarter worth about $37,926,000. Finally, Canada Pension Plan Investment Board acquired a new position in First Majestic Silver in the second quarter worth about $21,879,000. Institutional investors own 27.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on AG shares. HC Wainwright cut their price target on shares of First Majestic Silver from $25.50 to $25.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Zacks Research lowered First Majestic Silver from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Wall Street Zen lowered First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings raised First Majestic Silver from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, November 9th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, First Majestic Silver presently has an average rating of “Hold” and a consensus target price of $23.75.

First Majestic Silver Price Performance

Shares of AG traded down $0.34 during trading hours on Friday, hitting $13.65. The stock had a trading volume of 9,822,764 shares, compared to its average volume of 10,645,157. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 17.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.51 and a quick ratio of 2.33. The company’s fifty day moving average is $17.02 and its two-hundred day moving average is $19.61. First Majestic Silver Corp. has a 52 week low of $10.72 and a 52 week high of $32.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Thursday, November 5th. The mining company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $394.10 million for the quarter, compared to analyst estimates of $390.00 million. First Majestic Silver had a net margin of 22.58% and a return on equity of 14.72%. On average, analysts anticipate that First Majestic Silver Corp. will post 0.78 EPS for the current year.

First Majestic Silver Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a $0.0142 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. This is a decrease from First Majestic Silver’s previous quarterly dividend of $0.0152. The ex-dividend date is Monday, November 16th. First Majestic Silver’s dividend payout ratio is presently 7.50%.

About First Majestic Silver

First Majestic Silver Corp. is a Canadian mining company focused on exploring, developing and operating silver and gold mines. Its operations are primarily in Mexico, where it produces and sells silver and gold, along with other metals recovered as byproducts. The company’s Mexican mine portfolio includes San Dimas, Santa Elena, La Encantada and Cerro Los Gatos. First Majestic added Cerro Los Gatos through its acquisition of Gatos Silver, completed in 2025. Founded in 2002, First Majestic is headquartered in Vancouver, British Columbia.