First Majestic Silver Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

XTRA:FMV Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
11 Mar 25	Sell€16,204,350	The Electrum Group LLC	Company	3,000,000	€5.40
24 Feb 25	Sell€63,535	David Soares	Individual	11,980	€5.33
21 Feb 25	Sell€41,231	Gonzalo Mercado	Individual	7,545	€5.46
14 Feb 25	Buy€26,323	Colin Bower	Individual	5,000	€5.26
04 Feb 25	Sell€45,645,568	The Electrum Group LLC	Company	8,000,000	€5.71
24 Dec 24	Buy€26,373	Colin Bower	Individual	5,000	€5.27
07 Nov 24	Buy€24,746	Amar Parmar	Individual	4,034	€6.13
07 Nov 24	Sell€13,993	Amar Parmar	Individual	2,281	€6.13
25 Oct 24	Buy€47,127	Amar Parmar	Individual	6,534	€7.21
21 Oct 24	Sell€57,690	Jill Arias	Individual	8,317	€6.94
09 Sep 24	Buy€16,993	Gonzalo Mercado	Individual	4,029	€4.22
09 Sep 24	Sell€9,625	Gonzalo Mercado	Individual	2,282	€4.22
06 Sep 24	Sell€21,884	Michael Deal	Individual	5,082	€4.31
28 Jun 24	Buy€5,483	Raymond Polman	Individual	1,000	€5.48

Insider Trading Volume

Insider Buying: FMV insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of FMV?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	5,098,547	1.05%
VC/PE Firms	41,705,278	8.61%
Institutions	196,616,442	40.6%
General Public	241,170,205	49.8%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 66.5%.

Top Shareholders

Top 25 shareholders own 42.69% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.61%	The Electrum Group LLC	41,705,278	€210.0m	0%	75.71%
7.7%	Van Eck Associates Corporation	37,292,373	€187.8m	39.6%	0.21%
3.62%	Tidal Investments LLC	17,543,683	€88.3m	29%	0.74%
2.99%	The Vanguard Group, Inc.	14,475,305	€72.9m	26.7%	no data
2.01%	Lingotto Investment Management LLP	9,750,519	€49.1m	0%	1.09%
1.64%	Two Sigma Investments, LP	7,947,777	€40.0m	78.4%	0.1%
1.62%	Mirae Asset Global Investments Co., Ltd.	7,845,005	€39.5m	11.7%	0.03%
1.49%	Citadel Advisors LLC	7,242,452	€36.5m	9.22%	0.04%
1.47%	Municipal Employees' Retirement System of Michigan	7,123,410	€35.9m	0%	0.5%
1.42%	Jupiter Fund Management Plc	6,886,413	€34.7m	0%	0.1%
1.32%	Arrowstreet Capital, Limited Partnership	6,390,680	€32.2m	0%	0.03%
1.31%	UBS Asset Management AG	6,361,138	€32.0m	203%	no data
1.21%	D. E. Shaw & Co., L.P.	5,869,144	€29.6m	-36.7%	0.04%
0.95%	Sprott Inc.	4,612,904	€23.2m	604%	0.94%
0.88%	Keith Neumeyer	4,260,601	€21.5m	0%	no data
0.86%	Dimensional Fund Advisors LP	4,178,508	€21.0m	20.3%	no data
0.71%	Goldman Sachs Group, Investment Banking and Securities Investments	3,417,756	€17.2m	23.6%	0.01%
0.51%	TD Asset Management, Inc.	2,492,865	€12.6m	197%	0.01%
0.39%	Morgan Stanley, Investment Banking and Brokerage Investments	1,875,295	€9.4m	-50.7%	no data
0.39%	BMO Asset Management Corp.	1,870,061	€9.4m	47.5%	no data
0.38%	JPMorgan Chase & Co, Brokerage and Securities Investments	1,861,523	€9.4m	-30.7%	no data
0.32%	Point72 Asset Management, L.P.	1,530,761	€7.7m	0.08%	0.02%
0.31%	Amundi Asset Management SAS	1,482,037	€7.5m	0.96%	no data
0.3%	DZ Bank AG, Asset Management Arm	1,468,980	€7.4m	69.3%	0.07%
0.29%	FMR LLC	1,393,194	€7.0m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/18 05:47
End of Day Share Price	2025/05/16 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Majestic Silver Corp. is covered by 24 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin O'Halloran	BMO Capital Markets Equity Research
David Forster	BofA Global Research
Adam Graf	B. Riley Securities, Inc.