Tidal Investments Reduces $56M in First Majestic Silver Corp. ($AG)

Tidal Investments has cut its stake in First Majestic Silver Corp. (NYSE: AG) by about 3.3 million shares, or 13.5%, according to its latest 13F filing with the SEC. As of the end of the reporting period, Tidal Investments held 21.1 million shares valued at approximately $356.1 million.

What Changed in Tidal Investments' First Majestic Silver Position

Tidal Investments reduced its holdings in First Majestic Silver from around 24.3 million shares to 21.1 million shares, a decrease of about 3.3 million shares or 13.5%. The value of these holdings is now approximately $356.1 million, reflecting the fund's decision to trim its position.

Other Institutional Activity in First Majestic Silver

Van Eck Associates Corp. also reduced its stake in First Majestic Silver, cutting about 2.1 million shares to end with 38.0 million shares valued at roughly $816.5 million. Meanwhile, Arrowstreet Capital reduced its position by about 2.9 million shares, leaving it with 12.2 million shares worth approximately $261.1 million. On the other hand, Vanguard Capital Management increased its stake significantly, adding over 13.2 million shares to hold a total of 13.3 million shares valued at $284.1 million.

First Majestic Silver Corp. Stock Down 18.3%

Shares of First Majestic Silver traded at $16.91. The company has a market cap of $8.72 billion and a P/E ratio of 29.92. Its stock has experienced a 52-week low of $7.74 and a high of $32.04. The 50-day moving average stands at $20.28, with a 200-day moving average of $17.90. The company's beta is 2.074, indicating higher volatility compared to the market.

Recent Earnings

For its most recent quarter, First Majestic Silver reported revenue of approximately $1.49 billion, with a revenue growth rate of 95.4%. The company's net margin was 19.51%, and it achieved a return on equity of 11.45%. The next earnings announcement is scheduled for May 12, 2026.

Dividend

First Majestic Silver offers an annual dividend rate of $0.04, yielding 0.2%. The dividend payout ratio is a modest 3.86%.

Insider Buying and Selling at First Majestic Silver Corp.

Electrum Silver US LLC, an insider, sold a significant number of shares in 2025. Notably, on June 5, Electrum sold 2 million shares at $8.00 and another 2 million at $8.41. Earlier, on June 2, they sold 5 million shares at $7.00 and $6.88. Additionally, on April 11, they sold 5.1 million shares at $6.29 and $6.00.

Analysts Set New Price Targets

On May 12, 2026, HC Wainwright & Co. maintained its buy rating for First Majestic Silver with a price target of $30.75. Scotiabank, on January 26, 2026, maintained its hold rating with a target of $23. Analysts generally have a buy consensus on the stock, with an average target price of $26.88 based on two opinions.

About First Majestic Silver Corp.

First Majestic Silver Corp. is a mining company based in Vancouver, Canada. It focuses on acquiring, exploring, developing, and producing mineral properties in North America, primarily silver and gold. Key projects include the San Dimas and Santa Elena mines in Mexico. The company, led by CEO Keith N. Neumeyer, operates within the Basic Materials sector, specifically in the Silver industry.

Bottom Line

Tidal Investments' reduction in First Majestic Silver shares reflects a strategic move as part of its portfolio management. The company's stock remains a subject of interest with its significant market cap and a diverse set of institutional investors. Investors often track such 13F filings for insights into institutional sentiment, though these filings are backward-looking and may not represent current positions.