Scotiabank Has Positive Outlook of AG FY2027 Earnings

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Equities researchers at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for First Majestic Silver in a note issued to investors on Wednesday, July 15th. Scotiabank analyst E. Winmill now forecasts that the mining company will earn $0.90 per share for the year, up from their prior estimate of $0.85. Scotiabank has a “Sector Perform” rating and a $22.50 price target on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.78 per share.

A number of other research firms have also recently weighed in on AG. HC Wainwright lowered their price target on First Majestic Silver from $30.75 to $26.00 and set a “buy” rating for the company in a report on Friday, July 10th. Weiss Ratings lowered shares of First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Zacks Research cut shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Wall Street Zen raised shares of First Majestic Silver from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, BMO Capital Markets upgraded shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.50.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock opened at $15.82 on Friday. First Majestic Silver has a 52 week low of $7.74 and a 52 week high of $32.03. The business’s fifty day simple moving average is $18.49 and its 200-day simple moving average is $20.86. The firm has a market cap of $7.80 billion, a PE ratio of 26.36 and a beta of 0.91. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Tuesday, May 12th. The mining company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). First Majestic Silver had a return on equity of 11.19% and a net margin of 19.51%.The business had revenue of $476.67 million during the quarter, compared to analysts’ expectations of $522.00 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue was up 95.3% on a year-over-year basis.

Institutional Investors Weigh In On First Majestic Silver

Institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its stake in First Majestic Silver by 408.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 15,041,912 shares of the mining company’s stock worth $250,821,000 after purchasing an additional 12,081,688 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of First Majestic Silver during the first quarter worth about $62,760,000. Bank of America Corp DE boosted its stake in shares of First Majestic Silver by 92.3% in the first quarter. Bank of America Corp DE now owns 6,082,824 shares of the mining company’s stock valued at $130,659,000 after purchasing an additional 2,919,008 shares during the period. Artemis Investment Management LLP purchased a new position in shares of First Majestic Silver in the fourth quarter valued at approximately $45,898,000. Finally, Tidal Investments LLC grew its holdings in shares of First Majestic Silver by 14.0% in the third quarter. Tidal Investments LLC now owns 21,014,859 shares of the mining company’s stock valued at $258,273,000 after purchasing an additional 2,581,023 shares in the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.0171 per share. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 20th. First Majestic Silver’s dividend payout ratio (DPR) is 11.67%.

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.