Why First Majestic Silver (AG) Stock Is Down Today

By: Quiver PriceTracker

Posted: 2 months, 3 weeks ago / July 31, 2026 6:41 p.m. UTC

First Majestic Silver Corp. (AG) is down 3.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a post-earnings reaction after First Majestic released second-quarter results on July 30, 2026. Even though the company reported strong year-over-year growth and solid cash generation, investors appear to be focusing on earnings and revenue coming in below consensus expectations, which can pressure a miner that had already been trading with high sensitivity to silver prices.

Details:

First Majestic reported Q2 2026 EPS of $0.21 and revenue of $415.5 million, both below widely followed consensus estimates.

The company’s Q2 production update earlier in July showed 3.8 million silver ounces produced and included updated 2026 production and cost guidance.

Management highlighted strong liquidity, roughly $1.25 billion in treasury assets at quarter-end, and about $195 million of free cash flow in the quarter.

The stock may also be seeing some profit-taking because silver miners have remained very reactive to swings in the underlying silver price, even when company operating trends are improving.

Sources:

First Majestic Silver Corp., MarketBeat

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 150 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LINGOTTO INVESTMENT MANAGEMENT LLP removed 4,681,452 shares (-46.7%) from their portfolio in Q2 2026, for an estimated $79,397,425
TIDAL INVESTMENTS LLC removed 3,276,975 shares (-13.5%) from their portfolio in Q1 2026, for an estimated $70,389,423
RENAISSANCE TECHNOLOGIES LLC added 2,921,792 shares (+inf%) to their portfolio in Q1 2026, for an estimated $62,760,092
BANK OF AMERICA CORP /DE/ added 2,919,008 shares (+92.3%) to their portfolio in Q1 2026, for an estimated $62,700,291
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 2,875,324 shares (-19.1%) from their portfolio in Q1 2026, for an estimated $61,761,959
ARTEMIS INVESTMENT MANAGEMENT LLP removed 2,754,973 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $59,176,820
VAN ECK ASSOCIATES CORP removed 2,127,637 shares (-5.3%) from their portfolio in Q1 2026, for an estimated $45,701,642

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.

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.