First Majestic Silver (AG) jumps as silver prices surge and traders position ahead of upcoming results

First Majestic Silver Corp. (AG) is up 10.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a sharp move higher in silver prices, which tends to create outsized, leveraged gains in primary silver miners. The rally may also reflect positioning ahead of First Majestic’s next scheduled quarterly financial results and dividend update, following its recent Q1 production report.

Details:

Silver prices jumped today (with silver futures up sharply and spot silver also higher), improving near-term revenue and margin expectations across the silver-mining space.

First Majestic is a high-beta silver miner, so its equity often amplifies moves in the underlying metal during strong “risk-on” or momentum sessions.

The company’s latest Q1 2026 production update highlighted output across its operating mines in Mexico and noted that Q1 2026 financial results and a dividend announcement are scheduled for May 12, 2026.

This could also be partly driven by speculative trading ahead of earnings, as some market calendars have pointed to early-May timing even though the company has communicated the May 12 date for results and dividend details.

Sources:

First Majestic Silver Corp., Investing.com, FXEmpire, Moneycontrol

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AG Hedge Fund Activity

We have seen 164 institutional investors add shares of $AG stock to their portfolio, and 146 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 12,081,688 shares (+408.1%) to their portfolio in Q4 2025, for an estimated $201,280,922
CITADEL ADVISORS LLC removed 7,250,482 shares (-59.6%) from their portfolio in Q4 2025, for an estimated $120,793,030
TIDAL INVESTMENTS LLC added 3,321,920 shares (+15.8%) to their portfolio in Q4 2025, for an estimated $55,343,187
VAN ECK ASSOCIATES CORP removed 3,085,118 shares (-7.1%) from their portfolio in Q4 2025, for an estimated $51,398,065
ARTEMIS INVESTMENT MANAGEMENT LLP removed 2,754,973 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $59,176,820
ALPS ADVISORS INC added 2,418,513 shares (+33.6%) to their portfolio in Q4 2025, for an estimated $40,292,426
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 2,398,186 shares (+81.1%) to their portfolio in Q4 2025, for an estimated $39,953,778

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$AG Price Targets

Multiple analysts have issued price targets for $AG recently. We have seen 2 analysts offer price targets for $AG in the last 6 months, with a median target of $26.5.

Here are some recent targets:

Heiko F. Ihle from HC Wainwright & Co. set a target price of $30.0 on 02/20/2026
Ovais Habib from Scotiabank set a target price of $23.0 on 01/26/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.