Cormark Has Positive Forecast for TSE:AG FY2025 Earnings

First Majestic Silver Corp. (TSE:AG) – Cormark lifted their FY2025 earnings estimates for First Majestic Silver in a report issued on Thursday, November 6th. Cormark analyst R. Gray now forecasts that the company will earn $0.43 per share for the year, up from their previous estimate of $0.33. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.46 per share.

Several other brokerages have also recently commented on AG. TD Securities raised shares of First Majestic Silver from a “hold” rating to a “buy” rating and raised their price target for the company from C$14.00 to C$22.00 in a research report on Wednesday, October 8th. National Bank Financial upgraded First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research note on Sunday, October 5th. BMO Capital Markets boosted their target price on First Majestic Silver from C$18.50 to C$21.00 in a research note on Thursday, October 9th. National Bankshares upgraded First Majestic Silver from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$20.00 to C$22.00 in a report on Monday, October 6th. Finally, ATB Capital raised First Majestic Silver from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$47.00 to C$52.00 in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$27.80.

First Majestic Silver Stock Performance

Shares of AG stock opened at C$16.02 on Friday. First Majestic Silver has a fifty-two week low of C$7.40 and a fifty-two week high of C$22.02. The company has a 50 day moving average price of C$16.50 and a 200 day moving average price of C$12.64. The stock has a market capitalization of C$7.85 billion, a P/E ratio of -1,602.00 and a beta of 1.61.

First Majestic Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 28th will be issued a $0.0052 dividend. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, November 14th. First Majestic Silver’s dividend payout ratio is -196.00%.

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.