HC Wainwright Brokers Increase Earnings Estimates for AG

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Stock analysts at HC Wainwright boosted their FY2025 earnings estimates for First Majestic Silver in a research report issued to clients and investors on Thursday, July 10th. HC Wainwright analyst H. Ihle now forecasts that the mining company will post earnings of $0.09 per share for the year, up from their previous estimate of $0.06. HC Wainwright has a "Buy" rating and a $12.75 price objective 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.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced 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 return on equity of 0.14% and a negative net margin of 12.32%. The company had revenue of $241.12 million during the quarter, compared to the consensus estimate of $358.65 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The business's revenue was up 41.6% compared to the same quarter last year.

A number of other analysts have also commented on AG. Scotiabank lifted their price target on shares of First Majestic Silver from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research note on Wednesday, July 9th. National Bankshares restated a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Finally, National Bank Financial upgraded shares of First Majestic Silver to a "hold" rating in a research report on Thursday, June 12th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $9.63.

First Majestic Silver Stock Performance

Shares of AG stock traded down $0.13 during trading hours on Friday, reaching $9.15. The company had a trading volume of 24,075,591 shares, compared to its average volume of 22,101,982. The business has a fifty day moving average price of $7.31 and a 200-day moving average price of $6.45. First Majestic Silver has a one year low of $4.43 and a one year high of $9.48. The firm has a market cap of $4.43 billion, a PE ratio of -31.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.74 and a current ratio of 3.19.

First Majestic Silver Dividend Announcement

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

Hedge Funds Weigh In On First Majestic Silver

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of First Majestic Silver by 1,221.6% in the first quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after purchasing an additional 3,506 shares during the period. AlphaQuest LLC purchased a new position in shares of First Majestic Silver in the first quarter worth $29,000. Banque Cantonale Vaudoise purchased a new position in shares of First Majestic Silver in the first quarter worth $46,000. Focus Financial Network Inc. purchased a new position in shares of First Majestic Silver in the first quarter worth $67,000. Finally, Littlejohn Financial Services Inc. purchased a new position in shares of First Majestic Silver in the first quarter worth $68,000. 27.16% of the stock is currently owned by institutional investors.

First Majestic Silver Company Profile

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.