Scotiabank Has Bullish Outlook for AG FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for First Majestic Silver to $0.66 (from $0.43) and keeps a "Sector Perform" rating with a $23.00 price target, versus the consensus FY2026 EPS of $0.54.
• Broader analyst sentiment is growing more positive—BMO upgraded to "outperform," HC Wainwright set a $30 target, and MarketBeat shows a Moderate Buy consensus with an average price target of $25.00.

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Research analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for First Majestic Silver in a research report issued on Friday, April 10th. Scotiabank analyst O. Habib now anticipates that the mining company will earn $0.66 per share for the year, up from their prior forecast of $0.43. Scotiabank has a "Sector Perform" rating and a $23.00 price target on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is $0.54 per share.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets raised First Majestic Silver from a "market perform" rating to an "outperform" rating in a research report on Tuesday, March 24th. Weiss Ratings reissued a "hold (c-)" rating on shares of First Majestic Silver in a research report on Wednesday, January 21st. Zacks Research downgraded First Majestic Silver from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 31st. Wall Street Zen raised First Majestic Silver from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 4th. Finally, HC Wainwright increased their price target on First Majestic Silver to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $25.00.

First Majestic Silver Trading Up 1.0%

Shares of NYSE:AG opened at $20.79 on Tuesday. The company has a market capitalization of $10.25 billion, a P/E ratio of 59.39 and a beta of 0.97. First Majestic Silver has a 1 year low of $5.49 and a 1 year high of $32.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.60 and a quick ratio of 2.41. The business's 50 day simple moving average is $23.46 and its 200 day simple moving average is $18.41.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings results on Thursday, February 19th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. The business had revenue of $463.92 million for the quarter, compared to the consensus estimate of $561.30 million. First Majestic Silver had a return on equity of 7.25% and a net margin of 13.12%.The firm's quarterly revenue was up 169.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $0.0083 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from First Majestic Silver's previous quarterly dividend of $0.01. First Majestic Silver's dividend payout ratio (DPR) is 8.57%.

Institutional Investors Weigh In On First Majestic Silver

Large investors have recently modified their holdings of the business. Lodestone Wealth Management LLC acquired a new stake in shares of First Majestic Silver in the 4th quarter valued at $25,000. EFG International AG acquired a new stake in shares of First Majestic Silver in the 4th quarter valued at $25,000. Spire Wealth Management acquired a new stake in shares of First Majestic Silver in the 4th quarter valued at $35,000. Bogart Wealth LLC acquired a new stake in shares of First Majestic Silver in the 3rd quarter valued at $28,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of First Majestic Silver in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 27.16% of the company's stock.

About First Majestic Silver

First Majestic Silver Corp. NYSE: AG engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.

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