HC Wainwright Has Positive Outlook for AG FY2025 Earnings

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Stock analysts at HC Wainwright lifted their FY2025 EPS estimates for shares of First Majestic Silver in a report issued on Thursday, July 10th. HC Wainwright analyst H. Ihle now expects that the mining company will post earnings of $0.09 per share for the year, up from their prior estimate of $0.06. HC Wainwright currently has a "Buy" rating and a $12.75 target price on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is $0.54 per share. HC Wainwright also issued estimates for First Majestic Silver's FY2026 earnings at $0.12 EPS.

A number of other equities research analysts have also commented on the stock. Scotiabank upped their price target 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. National Bank Financial raised shares of First Majestic Silver to a "hold" rating in a research report on Thursday, June 12th. Finally, National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, First Majestic Silver presently has an average rating of "Hold" and a consensus price target of $9.63.

First Majestic Silver Trading Up 2.7%

NYSE:AG opened at $8.66 on Friday. The company has a fifty day moving average of $7.19 and a 200 day moving average of $6.39. First Majestic Silver has a 52 week low of $4.43 and a 52 week high of $8.83. The company has a quick ratio of 2.74, a current ratio of 3.19 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $4.19 billion, a P/E ratio of -29.84 and a beta of 0.82.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted its quarterly earnings results on Wednesday, May 7th. The mining company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). First Majestic Silver had a negative net margin of 12.32% and a negative return on equity of 0.14%. The firm had revenue of $241.12 million for the quarter, compared to the consensus estimate of $358.65 million. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The company's quarterly revenue was up 41.6% compared to the same quarter last year.

First Majestic Silver Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a $0.0045 dividend. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, May 16th. First Majestic Silver's dividend payout ratio is presently -3.45%.

Institutional Trading of First Majestic Silver

Hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in shares of First Majestic Silver by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 565,982 shares of the mining company's stock worth $3,109,000 after buying an additional 18,219 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in First Majestic Silver during the 1st quarter valued at about $79,000. Raymond James Financial Inc. purchased a new stake in First Majestic Silver during the 4th quarter valued at about $2,442,000. RFG Advisory LLC purchased a new stake in First Majestic Silver during the 1st quarter valued at about $527,000. Finally, LPL Financial LLC lifted its stake in First Majestic Silver by 92.9% during the 4th quarter. LPL Financial LLC now owns 592,683 shares of the mining company's stock valued at $3,254,000 after acquiring an additional 285,488 shares during the period. 27.16% of the stock is owned by hedge funds and other institutional investors.

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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