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Why First Majestic Silver (AG) Stock Is Down Today

None

First Majestic Silver (AG) is down 3.3% today. Here is some analysis on what might have caused this price movement. ([invezz.com](https://invezz.com/au/news/2026/07/06/silver-rally-stalls-near-dollar62-but-oils-slide-may-stop-a-deeper-rout/?utm_source=openai))

Analysis: The most likely driver is a pullback in silver prices and a broader sell-off in higher-volatility silver miners, rather than a fresh negative company-specific announcement. This could also be profit-taking after recent gains, even though First Majestic has recently posted strong quarterly results and several growth-oriented project updates. ([invezz.com](https://invezz.com/au/news/2026/07/06/silver-rally-stalls-near-dollar62-but-oils-slide-may-stop-a-deeper-rout/?utm_source=openai))

Details:

  • Spot silver slipped about 1% to around $61.80 on July 6 after a four-day advance, creating a weaker backdrop for silver-linked equities. ([invezz.com](https://invezz.com/au/news/2026/07/06/silver-rally-stalls-near-dollar62-but-oils-slide-may-stop-a-deeper-rout/?utm_source=openai))
  • Recent First Majestic updates have been broadly constructive, including Q1 2026 revenue of $476.7 million, up 95% year over year, plus an increased quarterly dividend. ([firstmajestic.com](https://www.firstmajestic.com/investors/news-releases/first-majestic-to-list-on-the-new-york-stock-exchange/first-majestic-announces-q1-2026-financial-results-and-increased-quarterly-dividend-payment-provides-management-updates))
  • The company also announced a $75 million 2026 restart plan for Jerritt Canyon, targeting renewed gold production in the second half of 2027. ([firstmajestic.com](https://www.firstmajestic.com/investors/news-releases/first-majestic-to-list-on-the-new-york-stock-exchange/first-majestic-announces-restart-plan-for-jerritt-canyon-gold-mine))
  • Another late-June update said First Majestic received construction permits for the Santo Niño and Navidad portals and plans an additional $12 million 2026 investment to advance underground access. ([firstmajestic.com](https://www.firstmajestic.com/investors/news-releases/first-majestic-receives-construction-permits-for-santo-nio-and-navidad-advances-development-across-the-santa-elena-district))
  • Sources:

    First Majestic Silver, SEC, Invezz ([firstmajestic.com](https://www.firstmajestic.com/investors/news-releases/first-majestic-to-list-on-the-new-york-stock-exchange/first-majestic-announces-q1-2026-financial-results-and-increased-quarterly-dividend-payment-provides-management-updates))

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

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    $AG Hedge Fund Activity

    We have seen 168 institutional investors add shares of $AG stock to their portfolio, and 137 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    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 13F endpoint.

    $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 $26.875.

    Here are some recent targets:

    • Heiko F. Ihle from HC Wainwright & Co. set a target price of $30.75 on 05/12/2026
    • 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.

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