Scotiabank Has Positive Outlook for TSE:AG FY2026 Earnings

First Majestic Silver Corp. (TSE:AG) – Research analysts at Scotiabank raised their FY2026 earnings estimates for shares of First Majestic Silver in a research note issued on Wednesday, July 15th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings per share of $1.05 for the year, up from their prior forecast of $0.95. Scotiabank has a “Hold” rating on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.46 per share.

First Majestic Silver (TSE:AG) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.43 earnings per share (EPS) for the quarter. First Majestic Silver had a net margin of 19.45% and a return on equity of 10.82%. The business had revenue of C$662.71 million during the quarter.

Several other brokerages have also recently weighed in on AG. BMO Capital Markets upgraded First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 target price for the company in a report on Tuesday, March 24th. ATB Cormark Capital Markets raised First Majestic Silver from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$36.00 to C$37.00 in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, First Majestic Silver currently has an average rating of “Buy” and an average target price of C$30.40.

First Majestic Silver Stock Performance

AG opened at C$22.17 on Monday. The company has a market cap of C$10.95 billion, a P/E ratio of 37.58 and a beta of 2.79. The business’s 50-day moving average price is C$25.87 and its 200-day moving average price is C$28.85. First Majestic Silver has a 12 month low of C$10.69 and a 12 month high of C$43.69.

About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.