Scotiabank Issues Pessimistic Forecast for TSE:AG Earnings

Key Points

• Scotiabank cut its FY2026 EPS forecast for First Majestic Silver to $0.97 from $1.05 and maintained a “Hold” rating, though this remains above the broader consensus estimate of $0.46.
• First Majestic reported quarterly EPS of C$0.30 on revenue of C$590.33 million, with a 21.09% net margin and 12.27% return on equity.
• Analyst sentiment is broadly positive: ATB Cormark upgraded the stock to “moderate buy,” while MarketBeat reports an average “Buy” rating and a C$30.40 target price. The company also declared a quarterly dividend of $0.0152 per share.

First Majestic Silver Corp. (TSE:AG - Free Report) - Investment analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for shares of First Majestic Silver in a note issued to investors on Tuesday, August 4th. Scotiabank analyst E. Winmill now expects that the company will earn $0.97 per share for the year, down from their prior forecast of $1.05. Scotiabank has a "Hold" rating on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is $0.46 per share.

First Majestic Silver (TSE:AG - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported C$0.30 EPS for the quarter. First Majestic Silver had a return on equity of 12.27% and a net margin of 21.09%.The firm had revenue of C$590.33 million for the quarter.

Separately, ATB Cormark Capital Markets raised First Majestic Silver from a "hold" rating to a "moderate buy" rating and raised their price target for the company from C$36.00 to C$37.00 in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$30.40.

First Majestic Silver Stock Performance

TSE:AG opened at C$24.25 on Friday. First Majestic Silver has a 1 year low of C$11.43 and a 1 year high of C$43.69. The stock has a market cap of C$11.95 billion, a price-to-earnings ratio of 34.64 and a beta of 2.75. The business has a fifty day moving average of C$24.16 and a 200-day moving average of C$28.58.

First Majestic Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 31st will be given a dividend of $0.0152 per share. The ex-dividend date is Friday, August 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.3%. First Majestic Silver's dividend payout ratio (DPR) is 5.06%.

About First Majestic Silver

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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