Cormark Issues Pessimistic Forecast for TSE:AG Earnings

First Majestic Silver Corp. (TSE:AG) – Equities research analysts at Cormark cut their Q1 2025 EPS estimates for First Majestic Silver in a note issued to investors on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.17. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.46 per share.

Separately, TD Securities upgraded First Majestic Silver to a “hold” rating in a research note on Monday, March 10th.

First Majestic Silver Stock Up 2.5 %

AG stock opened at C$8.63 on Wednesday. First Majestic Silver has a 52 week low of C$6.23 and a 52 week high of C$11.18. The company has a market cap of C$2.92 billion, a price-to-earnings ratio of -22.37 and a beta of 1.36. The business has a fifty day simple moving average of C$8.76 and a 200-day simple moving average of C$8.76.

First Majestic Silver Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.0057 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Friday, February 28th. First Majestic Silver’s payout ratio is currently -5.19%.

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.