FY2027 Earnings Forecast for TSE:AG Issued By Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS forecast for First Majestic Silver to $1.28 from $1.26 while maintaining a “Hold” rating; the current full-year consensus estimate is $0.46 per share.
• ATB Cormark upgraded the stock to “Moderate Buy” and increased its price target to C$37.00. Overall, analysts have a consensus “Buy” rating with an average target price of C$30.40.
• First Majestic reported quarterly revenue of C$590.33 million and EPS of C$0.30, and declared a quarterly dividend of $0.0152 per share, equivalent to a 0.2% annualized yield.

First Majestic Silver Corp. (TSE:AG - Free Report) - Research analysts at Scotiabank increased their FY2027 EPS estimates for First Majestic Silver in a report released on Tuesday, August 4th. Scotiabank analyst E. Winmill now expects that the company will post earnings of $1.28 per share for the year, up from their previous estimate of $1.26. Scotiabank has a "Hold" rating on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is $0.46 per share.

Separately, ATB Cormark Capital Markets raised shares of First Majestic Silver from a "hold" rating to a "moderate buy" rating and upped their price objective for the company from C$36.00 to C$37.00 in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, First Majestic Silver presently has a consensus rating of "Buy" and an average target price of C$30.40.

First Majestic Silver Price Performance

Shares of AG opened at C$24.70 on Thursday. The firm has a market cap of C$12.17 billion, a PE ratio of 35.29 and a beta of 2.75. First Majestic Silver has a 1 year low of C$11.43 and a 1 year high of C$43.69. The stock's fifty day moving average price is C$24.24 and its two-hundred day moving average price is C$28.62.

First Majestic Silver (TSE:AG - Get Free Report) last posted its quarterly earnings data 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 business had revenue of C$590.33 million for the quarter.

First Majestic Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 31st will be given a $0.0152 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 14th. First Majestic Silver's dividend payout ratio (DPR) is 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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