Scotiabank Has Positive Outlook for AG FY2027 Earnings

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Scotiabank raised their FY2027 earnings per share (EPS) estimates for shares of First Majestic Silver in a research note issued on Wednesday, July 15th. Scotiabank analyst E. Winmill now anticipates that the mining company will post earnings of $0.90 per share for the year, up from their previous estimate of $0.85. Scotiabank has a “Sector Perform” rating and a $22.50 price objective on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.80 per share.

A number of other equities analysts have also recently issued reports on AG. Zacks Research cut shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Wall Street Zen upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. HC Wainwright cut their price target on First Majestic Silver from $30.75 to $26.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Weiss Ratings lowered First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Finally, BMO Capital Markets raised First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

First Majestic Silver Trading Down 0.4%

AG opened at $15.82 on Friday. The firm has a 50 day simple moving average of $18.49 and a 200 day simple moving average of $20.86. First Majestic Silver has a fifty-two week low of $7.74 and a fifty-two week high of $32.03. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 26.36 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.73 and a quick ratio of 2.54.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Tuesday, May 12th. The mining company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. The business had revenue of $476.67 million during the quarter, compared to the consensus estimate of $522.00 million. During the same period last year, the business posted $0.05 EPS. The firm’s revenue for the quarter was up 95.3% compared to the same quarter last year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 20th were paid a dividend of $0.0171 per share. This represents a $0.07 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 20th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. First Majestic Silver’s payout ratio is 11.67%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in First Majestic Silver by 14.0% in the third quarter. Tidal Investments LLC now owns 21,014,859 shares of the mining company’s stock worth $258,273,000 after purchasing an additional 2,581,023 shares during the period. Vanguard Group Inc. grew its holdings in shares of First Majestic Silver by 5.2% in the 4th quarter. Vanguard Group Inc. now owns 18,995,222 shares of the mining company’s stock valued at $316,914,000 after buying an additional 945,067 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of First Majestic Silver by 408.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 15,041,912 shares of the mining company’s stock valued at $250,821,000 after buying an additional 12,081,688 shares in the last quarter. Alps Advisors Inc. raised its stake in First Majestic Silver by 33.6% during the 4th quarter. Alps Advisors Inc. now owns 9,621,720 shares of the mining company’s stock worth $160,298,000 after buying an additional 2,418,513 shares during the period. Finally, Bank of America Corp DE raised its stake in First Majestic Silver by 92.3% during the 1st quarter. Bank of America Corp DE now owns 6,082,824 shares of the mining company’s stock worth $130,659,000 after buying an additional 2,919,008 shares during the period. Institutional investors and hedge funds own 27.16% of the company’s stock.

About First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.