Cormark Predicts Higher Earnings for First Majestic Silver

Key Points

• Cormark has raised its FY2025 earnings per share estimate for First Majestic Silver from $0.25 to $0.33, while the current consensus is $0.46 per share.
• National Bankshares and ATB Capital have both upgraded their ratings to "outperform," with price targets increased to C$22.00 and C$52.00 respectively.
• The stock currently has an average rating of "Buy," and its market capitalization stands at C$8.75 billion, reflecting strong investor interest in First Majestic Silver.

First Majestic Silver Corp. (TSE:AG - Free Report) - Cormark boosted their FY2025 earnings per share estimates for First Majestic Silver in a note issued to investors on Monday, October 6th. Cormark analyst R. Gray now expects that the company will earn $0.33 per share for the year, up from their previous estimate of $0.25. The consensus estimate for First Majestic Silver's current full-year earnings is $0.46 per share.

Several other research firms also recently commented on AG. National Bankshares upgraded shares of First Majestic Silver from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$20.00 to C$22.00 in a research note on Monday. ATB Capital upgraded First Majestic Silver from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$47.00 to C$52.00 in a research note on Wednesday, August 6th. Finally, National Bank Financial raised First Majestic Silver from a "hold" rating to a "strong-buy" rating in a research report on Sunday. One research 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$32.00.

First Majestic Silver Price Performance

AG opened at C$17.91 on Tuesday. The business has a fifty day simple moving average of C$13.49 and a 200 day simple moving average of C$11.11. First Majestic Silver has a 1 year low of C$7.40 and a 1 year high of C$18.92. The company has a market capitalization of C$8.75 billion, a PE ratio of -1,791.00 and a beta of 1.60.

First Majestic Silver Company Profile

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.

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