Equities Analysts Issue Forecasts for AG FY2027 Earnings

Key Points

• Analysts at National Bank Financial have raised their FY2027 earnings per share estimate for First Majestic Silver to $0.33, significantly higher than the previous estimate of $0.12, maintaining a "Strong-Buy" rating on the stock.
• In the most recent quarterly earnings report, First Majestic Silver missed analysts' expectations, reporting $0.04 earnings per share, with revenue of $264.20 million, falling short of the consensus estimate of $387.25 million.
• Institutional investors currently own 27.16% of First Majestic Silver's stock, with significant recent increases in holdings from hedge funds like Parallel Advisors LLC, which raised its stake by 1,221.6%.

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Research analysts at National Bank Financial lifted their FY2027 earnings per share (EPS) estimates for First Majestic Silver in a note issued to investors on Sunday, October 5th. National Bank Financial analyst A. Terentiew now expects that the mining company will post earnings per share of $0.33 for the year, up from their prior forecast of $0.12. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is $0.54 per share. National Bank Financial also issued estimates for First Majestic Silver's FY2028 earnings at $0.36 EPS.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings data on Thursday, August 14th. The mining company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). First Majestic Silver had a return on equity of 1.72% and a net margin of 1.78%.The company had revenue of $264.20 million for the quarter, compared to the consensus estimate of $387.25 million. During the same quarter last year, the business earned ($0.07) earnings per share. First Majestic Silver's revenue was up 94.0% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on AG. National Bankshares set a $22.00 target price on First Majestic Silver and gave the stock an "outperform" rating in a report on Monday. BMO Capital Markets reiterated a "market perform" rating on shares of First Majestic Silver in a report on Tuesday. Weiss Ratings reiterated a "hold (c-)" rating on shares of First Majestic Silver in a report on Saturday, September 27th. Scotiabank raised their price objective on First Majestic Silver from $6.00 to $6.50 and gave the company a "sector perform" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen raised First Majestic Silver from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.17.

First Majestic Silver Price Performance

Shares of AG opened at $12.69 on Wednesday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of -1,267.23 and a beta of 0.76. The business has a 50-day moving average of $9.84 and a 200-day moving average of $8.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.27 and a quick ratio of 2.84. First Majestic Silver has a 1 year low of $5.09 and a 1 year high of $13.55.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in First Majestic Silver by 1,221.6% during the first quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after acquiring an additional 3,506 shares during the period. AlphaQuest LLC bought a new stake in First Majestic Silver during the first quarter worth $29,000. CWM LLC lifted its holdings in First Majestic Silver by 57.2% during the second quarter. CWM LLC now owns 5,114 shares of the mining company's stock worth $42,000 after acquiring an additional 1,860 shares during the period. Banque Cantonale Vaudoise bought a new stake in First Majestic Silver during the first quarter worth $46,000. Finally, American National Bank & Trust bought a new stake in First Majestic Silver during the second quarter worth $66,000. Hedge funds and other institutional investors own 27.16% of the company's stock.

First Majestic Silver Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.0048 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.02 annualized dividend and a dividend yield of 0.2%. First Majestic Silver's payout ratio is presently -200.00%.

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.

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