On August 18, First Majestic Silver fell 5.01% in regular trading, trading at $18.6/share, with turnover of $63.10 million.

On the news front, the precious metals sector weakened broadly during the session, with silver mining stocks coming under collective selling pressure. Within the Silver sector, Hecla Mining fell 5.16%, Aya Gold & Silver declined 5.17%, Endeavour Silver dropped 4.39%, Silvercorp Metals lost 4.28%, and Vizsla Silver Corp fell 3.84%, reflecting a widespread sector pullback.

Adding to the downside pressure, First Majestic Silver reported Q2 adjusted EPS of $0.21 on July 30, missing analyst consensus estimates of $0.25-$0.30 by a significant margin. Revenue of $415.5 million also fell short of the $496 million estimate, representing an approximate 16% miss. The earnings shortfall may have left the stock more vulnerable to broader sector weakness, amplifying selling pressure during the pullback from recent highs driven by silver prices above $65/oz.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)