Cormark Reduces Earnings Estimates for First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Investment analysts at Cormark reduced their Q1 2025 EPS estimates for First Majestic Silver in a research report issued to clients and investors on Tuesday, April 22nd. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of $0.08 for the quarter, down from their prior forecast of $0.12. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.54 per share.

AG has been the topic of a number of other reports. Scotiabank reissued a “sector perform” rating and set a $6.00 price objective on shares of First Majestic Silver in a report on Wednesday, April 2nd. TD Securities upgraded shares of First Majestic Silver to a “hold” rating in a report on Monday, March 10th. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price objective on shares of First Majestic Silver in a research note on Friday, February 21st. National Bankshares reiterated a “sector perform” rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Finally, StockNews.com upgraded shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, First Majestic Silver currently has a consensus rating of “Hold” and an average price target of $8.50.

First Majestic Silver Stock Up 0.6 %

AG opened at $6.24 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $6.18 and its 200 day simple moving average is $6.18. First Majestic Silver has a 52 week low of $4.43 and a 52 week high of $8.09. The stock has a market cap of $3.02 billion, a PE ratio of -17.81 and a beta of 0.97.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings data on Thursday, February 20th. The mining company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The company had revenue of $172.34 million for the quarter, compared to analysts’ expectations of $227.77 million.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.0057 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, February 28th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio (DPR) is -5.71%.

Hedge Funds Weigh In On First Majestic Silver

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of First Majestic Silver by 1,221.6% during the first quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company’s stock valued at $25,000 after buying an additional 3,506 shares during the period. Allworth Financial LP increased its position in First Majestic Silver by 805.4% during the 4th 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 during the period. Generali Investments CEE investicni spolecnost a.s. bought a new position in First Majestic Silver in the 4th quarter worth $55,000. Focus Financial Network Inc. purchased a new stake in shares of First Majestic Silver in the 1st quarter worth about $67,000. Finally, Littlejohn Financial Services Inc. bought a new stake in shares of First Majestic Silver during the 1st quarter valued at about $68,000. 27.16% of the stock is owned by institutional investors.

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.