First Majestic Silver (AG) slides as silver prices soften and investors reassess recent production update

First Majestic Silver Corp. (AG) is down 5.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks primarily tied to weakness in silver prices and a broader pullback in precious-metals miners, which can be more volatile than the underlying metal. Selling pressure may also reflect investors continuing to digest the company’s recent Q1 2026 production update that showed modest year-over-year declines in silver and gold output.

Details:

Silver prices were lower today, which often pressures primary silver miners because revenue and margins are highly sensitive to near-term changes in spot prices.

In its Q1 2026 production release (April 9, 2026), the company reported 3.5 million ounces of silver production versus 3.7 million ounces in Q1 2025, and 34,341 ounces of gold versus 36,469 ounces in Q1 2025.

The company noted the modest production declines were influenced by lower head grades milled and the application of a lower cut-off grade in response to a stronger metal-price environment, which can raise questions about near-term unit costs and realized margins.

Sources:

First Majestic Silver (Investor News Release), FXStreet, Yahoo Finance

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 156 institutional investors add shares of $AG stock to their portfolio, and 145 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.