Cormark Expects Lower Earnings for First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Cormark reduced their Q1 2025 earnings per share estimates for First Majestic Silver in a note issued to 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 estimate of $0.12. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.54 per share.

Several other equities analysts also recently commented on AG. StockNews.com raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Scotiabank reaffirmed a “sector perform” rating and set a $6.00 price target on shares of First Majestic Silver in a research report on Wednesday, April 2nd. National Bankshares reiterated a “sector perform” rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. TD Securities upgraded First Majestic Silver to a “hold” rating in a report on Monday, March 10th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.50.

First Majestic Silver Stock Up 2.0 %

Shares of NYSE AG opened at $6.21 on Wednesday. The firm’s fifty day moving average is $6.16 and its 200 day 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 company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.01 billion, a price-to-earnings ratio of -17.74 and a beta of 0.97.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC raised its holdings in First Majestic Silver by 135.2% in the fourth quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company’s stock worth $74,647,000 after purchasing an additional 7,816,177 shares in the last quarter. Vanguard Group Inc. grew its position in shares of First Majestic Silver by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company’s stock worth $62,784,000 after buying an additional 598,996 shares during the period. Two Sigma Investments LP increased its stake in shares of First Majestic Silver by 46.8% in the 4th quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company’s stock worth $24,463,000 after acquiring an additional 1,420,937 shares in the last quarter. Renaissance Technologies LLC lifted its position in First Majestic Silver by 897.8% during the 4th quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company’s stock valued at $20,638,000 after acquiring an additional 3,382,443 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in First Majestic Silver by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,472,159 shares of the mining company’s stock worth $19,060,000 after acquiring an additional 121,892 shares in the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Increases Dividend

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

First Majestic Silver Company Profile

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.