The Manufacturers Life Insurance Company Boosts Stake in First Majestic Silver Corp. $AG

The Manufacturers Life Insurance Company raised its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 410.3% during the 1st quarter, Holdings Channel reports. The fund owned 2,145,643 shares of the mining company’s stock after purchasing an additional 1,725,145 shares during the period. The Manufacturers Life Insurance Company’s holdings in First Majestic Silver were worth $46,029,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AG. Lodestone Wealth Management LLC bought a new position in shares of First Majestic Silver in the 4th quarter worth $25,000. EFG International AG bought a new stake in shares of First Majestic Silver in the 4th quarter valued at about $25,000. Harbor Investment Advisory LLC bought a new stake in shares of First Majestic Silver in the 1st quarter valued at about $32,000. PNC Financial Services Group Inc. grew its position 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 worth $32,000 after buying an additional 978 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in shares of First Majestic Silver in the 4th quarter worth approximately $35,000. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AG. Weiss Ratings cut shares of First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Wall Street Zen lowered shares of First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. HC Wainwright reduced their price target on First Majestic Silver from $30.75 to $26.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Scotiabank decreased their price objective on 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. Finally, ATB Cormark Capital Markets raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock opened at $15.63 on Friday. The company has a 50 day moving average price of $17.54 and a 200 day moving average price of $20.81. The firm has a market capitalization of $7.71 billion, a P/E ratio of 26.06 and a beta of 0.91. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08. First Majestic Silver Corp. has a 52 week low of $7.74 and a 52 week high of $32.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last released 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 11.19% and a net margin of 19.51%.The company had revenue of $415.50 million for the quarter, compared to analysts’ expectations of $496.00 million. During the same period in the prior year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 57.3% on a year-over-year basis. Sell-side analysts expect that First Majestic Silver Corp. will post 0.8 EPS for the current year.

First Majestic Silver Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.0152 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, August 14th. First Majestic Silver’s payout ratio is presently 11.67%.

Trending Headlines about First Majestic Silver

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

• Positive Sentiment: First Majestic generated $194.6 million in free cash flow during the second quarter, lifting its treasury to approximately $1.3 billion. The strong balance-sheet position could support mine investment, acquisitions, shareholder returns and resilience during silver-price volatility. First Majestic Delivers $194.6 Million in Q2 Free Cash Flow, Lifts Treasury to $1.3 Billion
• Positive Sentiment: Q2 revenue reached a record $416 million, up 57.3% year over year, while EBITDA was reported at $252 million. The results reflect favorable silver-market conditions and strong operating performance, providing a fundamental reason for investor optimism. Q2 2026 Earnings Call Highlights
• Positive Sentiment: The company declared a quarterly dividend of $0.0152 per share, payable August 31 to shareholders of record August 14. Although the approximately 0.4% annualized yield is modest, the payment signals continued shareholder distributions. First Majestic Announces Q2 2026 Financial Results and Quarterly Dividend Payment
• Neutral Sentiment: Recent technical analysis identified a potential support level after a decline, with a hammer candlestick pattern and upward earnings-estimate revisions suggesting possible near-term stabilization. This is a trading signal rather than a change in the company’s fundamentals. First Majestic Could Find a Support Soon
• Negative Sentiment: Adjusted earnings were $0.21 per share, below the $0.25 analyst consensus, despite higher revenue. Management also cited labor disruptions and inventory buildup linked to silver-price volatility, creating execution and working-capital risks. First Majestic Q2 Earnings Report

About First Majestic Silver

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.