First Majestic Silver Corp. (NYSE:AG – Free Report) (TSE:FR) – Stock analysts at National Bank Financial issued their FY2028 earnings per share (EPS) estimates for shares of First Majestic Silver in a research report issued on Thursday, June 12th. National Bank Financial analyst A. Terentiew forecasts that the mining company will post earnings of ($0.01) per share for the year. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.54 per share.
Several other equities analysts also recently issued reports on AG. Wall Street Zen raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. National Bankshares restated a “sector perform” rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Scotiabank reiterated a “sector perform” rating and issued a $6.00 price objective on shares of First Majestic Silver in a report on Wednesday, April 2nd. HC Wainwright boosted their price objective on First Majestic Silver from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, TD Securities raised First Majestic Silver to a “hold” rating in a report on Monday, March 10th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.75.
First Majestic Silver Price Performance
First Majestic Silver stock opened at $8.33 on Monday. The stock has a market capitalization of $4.03 billion, a P/E ratio of -23.79 and a beta of 0.74. The company’s fifty day moving average price is $6.44 and its 200 day moving average price is $6.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56. First Majestic Silver has a 1 year low of $4.43 and a 1 year high of $8.66.
First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last announced its earnings results on Wednesday, May 7th. The mining company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The business had revenue of $241.12 million for the quarter, compared to analyst estimates of $358.65 million. During the same period in the previous year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was up 41.6% compared to the same quarter last year.
Hedge Funds Weigh In On First Majestic Silver
Several hedge funds and other institutional investors have recently modified their holdings of AG. Parallel Advisors LLC grew its stake in First Majestic Silver by 1,221.6% during the 1st quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company’s stock valued at $25,000 after acquiring an additional 3,506 shares in the last quarter. Allworth Financial LP grew its position in shares of First Majestic Silver by 805.4% in the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company’s stock valued at $29,000 after purchasing an additional 4,591 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of First Majestic Silver in the first quarter valued at approximately $29,000. Banque Cantonale Vaudoise acquired a new stake in shares of First Majestic Silver in the first quarter valued at approximately $46,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in First Majestic Silver during the fourth quarter worth approximately $55,000. 27.16% of the stock is owned by hedge funds and other institutional investors.
First Majestic Silver Announces Dividend
The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a $0.0045 dividend. This represents a dividend yield of 0.32%. The ex-dividend date was Friday, May 16th. First Majestic Silver’s dividend payout ratio (DPR) is -3.45%.
About First Majestic Silver
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.
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