Equities Analysts Offer Predictions for AG FY2025 Earnings

Key Points

• Cormark analysts have increased their FY2025 earnings per share estimate for First Majestic Silver from $0.18 to $0.24, indicating a positive outlook despite missing previous quarterly earnings expectations.
• The company recently declared a quarterly dividend of $0.0048 per share, reflecting a low annual dividend yield of 0.1%, amidst a backdrop of fluctuating stock performance.
• Recent analyst ratings show a mix of sentiments, with one "Strong Buy", two "Buy", and three "Hold" ratings, leading to an average price target of $14.17 for the stock.

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Investment analysts at Cormark raised their FY2025 earnings per share estimates for shares of First Majestic Silver in a research note issued to investors on Monday, October 6th. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.24 per share for the year, up from their previous forecast of $0.18. The consensus estimate for First Majestic Silver's current full-year earnings is $0.54 per share.

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

A number of other research analysts have also issued reports on AG. Scotiabank upped their target price on shares of First Majestic Silver from $6.00 to $6.50 and gave the company a "sector perform" rating in a report on Wednesday, July 9th. National Bankshares set a $22.00 price objective on shares of First Majestic Silver and gave the company an "outperform" rating in a research note on Monday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of First Majestic Silver in a research note on Saturday, September 27th. Wall Street Zen raised shares of First Majestic Silver from a "hold" rating to a "buy" rating in a research note on Friday. Finally, National Bank Financial upgraded shares of First Majestic Silver from a "hold" rating to a "strong-buy" rating in a report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.17.

First Majestic Silver Trading Up 6.0%

Shares of AG stock opened at $12.84 on Tuesday. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of -1,282.72 and a beta of 0.76. The company has a current ratio of 3.27, a quick ratio of 2.84 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $9.76 and a 200 day moving average price of $8.04. First Majestic Silver has a twelve month low of $5.09 and a twelve month high of $13.55.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its position in First Majestic Silver by 6.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 22,357 shares of the mining company's stock worth $185,000 after acquiring an additional 1,282 shares during the period. Harbour Investments Inc. lifted its holdings in shares of First Majestic Silver by 7.3% during the 2nd quarter. Harbour Investments Inc. now owns 23,696 shares of the mining company's stock valued at $196,000 after buying an additional 1,620 shares during the last quarter. CWM LLC raised its stake in shares of First Majestic Silver by 57.2% in the 2nd quarter. CWM LLC now owns 5,114 shares of the mining company's stock valued at $42,000 after acquiring an additional 1,860 shares in the last quarter. Rathbones Group PLC raised its stake in shares of First Majestic Silver by 3.3% in the 1st quarter. Rathbones Group PLC now owns 58,732 shares of the mining company's stock valued at $393,000 after acquiring an additional 1,880 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its stake in shares of First Majestic Silver by 9.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 23,703 shares of the mining company's stock valued at $196,000 after acquiring an additional 2,001 shares in the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.0048 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 29th. First Majestic Silver's dividend payout ratio (DPR) is -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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