Cormark Expects Lower Earnings for First Majestic Silver

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Equities research analysts at Cormark lowered their Q1 2025 earnings per share (EPS) estimates for shares of First Majestic Silver in a report released on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the mining company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.12. The consensus estimate for First Majestic Silver's current full-year earnings is $0.54 per share.

AG has been the topic of a number of other research reports. TD Securities raised First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. HC Wainwright reaffirmed a "buy" rating and set a $11.00 price objective on shares of First Majestic Silver in a report on Friday, February 21st. Scotiabank reiterated a "sector perform" rating and set a $6.00 target price on shares of First Majestic Silver in a research report on Wednesday, April 2nd. National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Finally, StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.50.

First Majestic Silver Stock Performance

First Majestic Silver stock traded down $0.06 during trading on Wednesday, hitting $6.14. The stock had a trading volume of 12,674,567 shares, compared to its average volume of 12,008,239. The stock's 50 day moving average is $6.20 and its two-hundred day moving average is $6.18. First Majestic Silver has a 1 year low of $4.43 and a 1 year high of $8.09. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of -17.53 and a beta of 0.97. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The company had revenue of $172.34 million during the quarter, compared to analysts' expectations of $227.77 million.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.0057 per share. The ex-dividend date was Friday, February 28th. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.37%. First Majestic Silver's dividend payout ratio is currently -5.71%.

Hedge Funds Weigh In On First Majestic Silver

Large investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in First Majestic Silver by 1,221.6% in the 1st quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after purchasing an additional 3,506 shares in the last quarter. Allworth Financial LP increased its holdings in shares of First Majestic Silver by 805.4% in the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock worth $29,000 after purchasing an additional 4,591 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of First Majestic Silver in the fourth quarter worth $55,000. Bank of Nova Scotia purchased a new stake in shares of First Majestic Silver in the fourth quarter worth $57,000. Finally, Captrust Financial Advisors bought a new stake in First Majestic Silver during the fourth quarter valued at $58,000. 27.16% of the stock is currently owned by institutional investors.

About First Majestic Silver

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.