Cormark Has Bullish Forecast for TSE:AG FY2025 Earnings

First Majestic Silver Corp. (TSE:AG) – Stock analysts at Cormark upped their FY2025 earnings per share estimates for First Majestic Silver in a research note issued to investors on Monday, October 6th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.33 per share for the year, up from their previous forecast of $0.25. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.46 per share.

Several other equities research analysts have also weighed in on AG. National Bank Financial upgraded First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research report on Sunday. National Bankshares raised First Majestic Silver from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$20.00 to C$22.00 in a report on Monday. Finally, ATB Capital raised First Majestic Silver from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$47.00 to C$52.00 in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$32.00.

First Majestic Silver Stock Down 1.2%

TSE AG opened at C$17.70 on Tuesday. First Majestic Silver has a twelve month low of C$7.40 and a twelve month high of C$18.92. The firm has a market capitalization of C$8.65 billion, a PE ratio of -1,770.00 and a beta of 1.60. The stock’s 50 day moving average is C$13.61 and its 200 day moving average is C$11.16.

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.