National Bank Financial Comments on AG FY2028 Earnings

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Research analysts at National Bank Financial issued their FY2028 earnings estimates for First Majestic Silver in a report issued on Thursday, June 12th. National Bank Financial analyst A. Terentiew expects that the mining company will post earnings of ($0.01) per share for the year. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is $0.54 per share.

AG has been the subject of a number of other research reports. National Bankshares restated a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. HC Wainwright lifted their target price on First Majestic Silver from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Friday, May 9th. Scotiabank restated a "sector perform" rating and issued a $6.00 price target on shares of First Majestic Silver in a report on Wednesday, April 2nd. Wall Street Zen raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, TD Securities raised shares of First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $8.75.

First Majestic Silver Trading Down 2.4%

Shares of NYSE:AG traded down $0.21 during trading hours on Monday, hitting $8.34. 23,172,538 shares of the company's stock traded hands, compared to its average volume of 14,574,219. The firm has a market capitalization of $4.04 billion, a P/E ratio of -28.77 and a beta of 0.74. The business has a fifty day moving average price of $6.60 and a 200-day moving average price of $6.16. First Majestic Silver has a 1 year low of $4.43 and a 1 year high of $8.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.19 and a quick ratio of 2.74.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings results on Wednesday, May 7th. The mining company reported $0.05 EPS for the quarter, missing the consensus estimate 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 previous year, the company posted ($0.05) earnings per share. The business's revenue for the quarter was up 41.6% on a year-over-year basis.

First Majestic Silver Announces Dividend

The company also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.0045 per share. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, May 16th. First Majestic Silver's payout ratio is -6.90%.

Hedge Funds Weigh In On First Majestic Silver

Several institutional investors have recently made changes to their positions in AG. Parallel Advisors LLC lifted its stake in 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 acquiring an additional 3,506 shares during the period. Allworth Financial LP lifted its position in shares of First Majestic Silver by 805.4% in the 4th quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock worth $29,000 after purchasing an additional 4,591 shares during the period. AlphaQuest LLC bought a new position in shares of First Majestic Silver during the first quarter valued at approximately $29,000. Banque Cantonale Vaudoise purchased a new position in First Majestic Silver during the first quarter valued at approximately $46,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in First Majestic Silver in the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 27.16% of the company's stock.

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.