Scotiabank Research Analysts Raise Earnings Estimates for AG

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Analysts at Scotiabank upped their FY2026 earnings per share estimates for First Majestic Silver in a note issued to investors on Wednesday, July 15th. Scotiabank analyst E. Winmill now forecasts that the mining company will post earnings per share of $0.75 for the year, up from their previous forecast of $0.69. Scotiabank currently has a “Sector Perform” rating and a $22.50 price target on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.80 per share.

A number of other brokerages have also issued reports on AG. ATB Cormark Capital Markets upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 10th. BMO Capital Markets upgraded shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 24th. 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. Weiss Ratings lowered First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, HC Wainwright dropped their target price on First Majestic Silver from $30.75 to $26.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.50.

First Majestic Silver Stock Up 0.0%

Shares of First Majestic Silver stock opened at $15.82 on Monday. First Majestic Silver has a one year low of $7.74 and a one year high of $32.03. The company has a market cap of $7.80 billion, a P/E ratio of 26.36 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.54 and a current ratio of 2.73. The firm has a fifty day moving average of $18.49 and a two-hundred day moving average of $20.89.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings data 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). The firm had revenue of $476.67 million during the quarter, compared to analyst estimates of $522.00 million. First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. The business’s quarterly revenue was up 95.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.0171 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 20th. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.01. First Majestic Silver’s payout ratio is presently 11.67%.

Hedge Funds Weigh In On First Majestic Silver

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lodestone Wealth Management LLC acquired a new stake in shares of First Majestic Silver in the fourth quarter valued at about $25,000. EFG International AG purchased a new stake in First Majestic Silver during the fourth quarter worth about $25,000. Harbor Investment Advisory LLC purchased a new stake in First Majestic Silver during the first quarter worth about $32,000. PNC Financial Services Group Inc. grew its position in First Majestic Silver by 184.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the mining company’s stock worth $32,000 after buying an additional 978 shares during the period. Finally, Spire Wealth Management acquired a new position in First Majestic Silver during the fourth quarter worth about $35,000. 27.16% of the stock is owned by institutional investors and hedge funds.

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.