Brokers Offer Predictions for First Majestic Silver Corp.’s Q2 2024 Earnings (TSE:FR)

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Analysts at Cormark lowered their Q2 2024 earnings per share estimates for shares of First Majestic Silver in a note issued to investors on Wednesday, April 17th. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.05. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.01 per share.

A number of other equities analysts have also weighed in on FR. TD Securities lowered their price target on First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating on the stock in a report on Thursday, January 18th. BMO Capital Markets lowered their target price on shares of First Majestic Silver from C$8.00 to C$7.50 in a research note on Monday, February 26th.

First Majestic Silver Trading Down 1.0 %

Shares of FR stock opened at C$9.33 on Thursday. The company has a market capitalization of C$2.68 billion, a PE ratio of -14.35, a price-to-earnings-growth ratio of 0.14 and a beta of 1.28. First Majestic Silver has a 52-week low of C$5.67 and a 52-week high of C$11.58. The business’s fifty day moving average is C$7.69 and its 200 day moving average is C$7.44. The company has a debt-to-equity ratio of 18.89, a quick ratio of 1.19 and a current ratio of 2.57.

First Majestic Silver (TSE:FR) (NYSE:AG) last posted its earnings results on Thursday, February 22nd. The mining company reported C($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.01. First Majestic Silver had a negative net margin of 23.55% and a negative return on equity of 9.76%. The business had revenue of C$186.46 million for the quarter.

First Majestic Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.006 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. First Majestic Silver’s dividend payout ratio (DPR) is presently -4.62%.

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.