Q2 2024 EPS Estimates for First Majestic Silver Corp. Decreased by Analyst (TSE:FR)

First Majestic Silver Corp. (TSE:FR - Free Report) NYSE: AG - Investment analysts at Cormark decreased their Q2 2024 earnings per share (EPS) estimates for First Majestic Silver in a research report issued on Wednesday, April 17th. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.05. The consensus estimate for First Majestic Silver's current full-year earnings is $0.01 per share.

Several other equities research analysts also recently commented on the company. TD Securities dropped their target price on First Majestic Silver from C$8.00 to C$7.50 and set a "hold" rating on the stock in a report on Thursday, January 18th. BMO Capital Markets dropped their target price on First Majestic Silver from C$8.00 to C$7.50 in a report on Monday, February 26th.

First Majestic Silver Trading Down 1.0 %

Shares of First Majestic Silver stock traded down C$0.09 during trading hours on Thursday, reaching C$9.33. The stock had a trading volume of 917,899 shares, compared to its average volume of 845,961. The firm has a 50 day simple moving average of C$7.69 and a two-hundred day simple moving average of C$7.44. The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of -14.35, a P/E/G ratio of 0.14 and a beta of 1.28. The company has a current ratio of 2.57, a quick ratio of 1.19 and a debt-to-equity ratio of 18.89. First Majestic Silver has a 1 year low of C$5.67 and a 1 year high of C$11.58.

First Majestic Silver (TSE:FR - Get Free Report) NYSE: AG last issued its quarterly earnings results on Thursday, February 22nd. The mining company reported C($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C($0.05) by C$0.01. The firm had revenue of C$186.46 million for the quarter. First Majestic Silver had a negative return on equity of 9.76% and a negative net margin of 23.55%.

First Majestic Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.006 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 annualized dividend and a yield of 0.26%. First Majestic Silver's dividend payout ratio is presently -4.62%.

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.