What is Scotiabank's Forecast for TSE:AG FY2027 Earnings?

Key Points

• Scotiabank raised its FY2027 EPS forecast for First Majestic Silver to $1.29 from $1.28, well above the current full-year consensus estimate of $0.46 per share.
• ATB Cormark upgraded the stock to “moderate buy” and increased its price target to C$37.00; analysts overall assign the shares a consensus “Moderate Buy” rating with a C$36.00 target.
• First Majestic reported C$0.30 quarterly EPS on C$590.33 million in revenue and pays an annualized dividend of C$0.06, yielding approximately 0.3%.

First Majestic Silver Corp. (TSE:AG - Free Report) - Investment analysts at Scotiabank raised their FY2027 earnings per share estimates for shares of First Majestic Silver in a research report issued to clients and investors on Tuesday, October 13th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings per share of $1.29 for the year, up from their prior forecast of $1.28. The consensus estimate for First Majestic Silver's current full-year earnings is $0.46 per share.

Separately, ATB Cormark Capital Markets upgraded shares of First Majestic Silver from a "hold" rating to a "moderate buy" rating and raised their target price for the stock from C$36.00 to C$37.00 in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$36.00.

First Majestic Silver Trading Down 6.5%

AG stock opened at C$21.70 on Thursday. The company has a market capitalization of C$10.70 billion, a P/E ratio of 31.00 and a beta of 2.86. First Majestic Silver has a twelve month low of C$14.42 and a twelve month high of C$43.69. The business has a 50 day simple moving average of C$26.84 and a 200-day simple moving average of C$26.49.

First Majestic Silver (TSE:AG - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.30 EPS for the quarter. First Majestic Silver had a return on equity of 12.27% and a net margin of 21.09%. The company had revenue of C$590.33 million for the quarter.

First Majestic Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 31st were paid a $0.0152 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.3%. First Majestic Silver's payout ratio is currently 5.06%.

About First Majestic Silver

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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