Scotiabank Issues Optimistic Forecast for TSE:AG Earnings

Key Points

• Scotiabank analyst O. Habib raised FY2026 EPS estimates for First Majestic Silver to $0.91 (from $0.59), well above the consensus of $0.46 per share.
• Several analysts have grown more positive—BMO upgraded to "outperform" with a C$35 target and TD raised its target to C$36—leaving a consensus rating of Buy and a C$33.40 price target.
• AG shares opened at C$28.70, implying a market cap of C$14.15 billion and a P/E of 84.41, with a 52‑week trading range of C$7.66 to C$43.69.

First Majestic Silver Corp. (TSE:AG - Free Report) - Analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for shares of First Majestic Silver in a research report issued on Friday, April 10th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.91 for the year, up from their prior estimate of $0.59. The consensus estimate for First Majestic Silver's current full-year earnings is $0.46 per share.

A number of other equities research analysts have also weighed in on the company. BMO Capital Markets upgraded First Majestic Silver from a "hold" rating to an "outperform" rating and set a C$35.00 price objective on the stock in a research report on Tuesday, March 24th. TD Securities lifted their price target on First Majestic Silver from C$22.00 to C$36.00 in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$33.40.

First Majestic Silver Stock Performance

Shares of AG stock opened at C$28.70 on Tuesday. The firm has a market cap of C$14.15 billion, a P/E ratio of 84.41 and a beta of 2.81. First Majestic Silver has a fifty-two week low of C$7.66 and a fifty-two week high of C$43.69. The business's 50 day moving average price is C$32.17 and its 200-day moving average price is C$25.41.

First Majestic Silver (TSE:AG - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$621.00 million for the quarter. First Majestic Silver had a return on equity of 6.49% and a net margin of 13.14%.

First Majestic Silver Company Profile

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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