First Majestic Silver

Silver equities sold off broadly and First Majestic's Q3 output decline pushed AG.US down 6.1% to $15.115 from a $16.09 prior close. The shares slipped to $15.410 pre-market, briefly rebounded to $15.470 at 09:59 ET, then ground down to $15.025 at 15:01 ET, closing near the bottom of the day's $15.025-$15.470 range, with post-market trading around $15.12. Zacks Research cut its rating on the stock, peer Silvercorp fell nearly 8% and gold-silver names eased together. The company's Q3 production dropped 11% year over year to 3.4 million ounces, which it tied to the San Dimas labor dispute, while it renewed its share repurchase program and set its Q3 call. Volume reached 9.06 million shares for about $138 million. Views diverge: HC Wainwright kept a Buy and a $25.50 target, while Scotiabank carries only a Hold, though the buyback renewal stands in contrast to the output decline.

After silver miners came under pressure as precious metals eased in the prior session, AG staged a low-open rebound off the dip to close up roughly 5.5%: it opened at $15.525, touched $15.195 at 09:54 ET, then pushed to a $16.105 intraday high and settled at $16.09, with post-market holding near $16.10. Q2 2026 revenue of $415.5M (+57.25% yoy), net profit of $109.4M (+108.25%) and EPS of $0.2193 (doubled) frame the fundamental backdrop; Q3 output of 3.4 million oz fell 11% amid the San Dimas labor dispute, the buyback program was renewed, HC Wainwright kept Buy with a $25.50 target and Scotiabank rated it Hold. At PE 22.81 and PB 2.67, the stock is up just 0.19% YTD, still 49.77% below its 52-week high of $32.035 and below the MA20 of $17.80 and MA60 of $18.58. Though the Q3 output decline and silver price swings remain variables.

A broad selloff in silver miners as precious-metal prices eased, compounded by weaker third-quarter output, pushed AG.US down 6.55% to $15.26 on Wednesday: the stock spiked to $16.43 in pre-market, faded through the regular session to a low of $14.985 at 13:55 ET, then edged up to $15.37 after the close. Q3 silver production fell 11% year over year to 3.4 million ounces, with the San Dimas labor dispute the main drag, while the company renewed its share repurchase program and set Q3 conference-call details; HC Wainwright maintained a $25.50 target and the consensus target still sits above spot. At $15.26 the shares trade below the 20-day average of 17.968 and the 60-day of 18.599, down 4.98% year to date and 52.36% below the Feb 27 52-week high of 32.035, though still 49.75% above the Nov 5 low of 10.19.

AG.US closed down about 5.0% at $16.655, with a pre-market spike to $17.38 fading into a full-session slide: the 9:40 ET dip reached $16.45 and a 13:12 ET bounce stalled at $16.955, well below the $17.54 prior close, while post-market held near $16.662. Fundamentals contrast with the tape, as Q2 2026 revenue of $415.5M rose 57.25% yoy, net profit of $109.4M more than doubled (+108.25%) and EPS of $0.2193 gained 102.4%, with San Dimas drilling and the Jerritt Canyon restart cited as incremental drivers. Even so, the shares are up only 3.7% year-to-date, sit 48.01% below the 52-week high of $32.035 and trade under both the MA20 (18.601) and MA60 (18.573). While most broker ratings remain buy, the silver-as-inflation-hedge narrative has not turned.

AG.US slumped nearly 5% during regular trading, mainly attributed to the Federal Reserve's hawkish rhetoric overnight, which dampened sentiment in precious metals and dragged silver stocks alongside falling gold prices. Despite robust Q2 results—operating revenue up 57% YoY to $415.5M and net profit surging 108% YoY to $109.4M, EPS at $0.22 (+102% YoY)—the stock hit an intraday low of $19.30, still about 40% below its 52-week high of $32.035. The current price breached the 20-day moving average of $20.16, indicating short-term selling pressure. Yet, on a YTD basis, shares are up 20% and multiple brokerages rate it a 'buy', with strong earnings providing support for the longer term.