Scotiabank Has Bullish Estimate for AG FY2026 Earnings

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Research analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for First Majestic Silver in a research report issued on Friday, April 10th. Scotiabank analyst O. Habib now forecasts that the mining company will post earnings per share of $0.66 for the year, up from their previous forecast of $0.43. Scotiabank currently has a “Sector Perform” rating and a $23.00 price target on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.54 per share.

AG has been the topic of several other reports. BMO Capital Markets raised First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 24th. Zacks Research lowered shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Wall Street Zen upgraded shares of First Majestic Silver from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Weiss Ratings restated a “hold (c-)” rating on shares of First Majestic Silver in a report on Wednesday, January 21st. Finally, HC Wainwright raised their price objective on shares of First Majestic Silver to $30.00 and gave the stock a “buy” rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, First Majestic Silver has an average rating of “Moderate Buy” and a consensus target price of $25.00.

First Majestic Silver Stock Up 3.7%

NYSE AG opened at $21.54 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.60 and a quick ratio of 2.41. The stock has a market capitalization of $10.62 billion, a PE ratio of 61.54 and a beta of 0.97. First Majestic Silver has a 1 year low of $5.49 and a 1 year high of $32.03. The business’s 50-day moving average is $23.45 and its 200 day moving average is $18.48.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, February 19th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $463.92 million for the quarter, compared to analysts’ expectations of $561.30 million. First Majestic Silver had a return on equity of 7.25% and a net margin of 13.12%.First Majestic Silver’s quarterly revenue was up 169.2% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share.

Institutional Trading of First Majestic Silver

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lodestone Wealth Management LLC purchased a new position in shares of First Majestic Silver during the fourth quarter valued at approximately $25,000. EFG International AG purchased a new position in shares of First Majestic Silver during the fourth quarter valued at approximately $25,000. Bogart Wealth LLC purchased a new position in shares of First Majestic Silver during the third quarter valued at approximately $28,000. Spire Wealth Management purchased a new position in shares of First Majestic Silver during the fourth quarter valued at approximately $35,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of First Majestic Silver by 29,900.0% during the third quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after purchasing an additional 2,990 shares during the last quarter. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $0.0083 dividend. This represents a $0.03 annualized dividend and a yield of 0.2%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, February 27th. First Majestic Silver’s dividend payout ratio (DPR) is 8.57%.

First Majestic Silver Company Profile

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.