TSE:AG FY2027 EPS Forecast Lifted by National Bank Financial

Key Points

• First Majestic Silver Corp. has had its FY2027 earnings per share (EPS) forecast significantly increased by National Bank Financial from $0.17 to $0.46.
• National Bank Financial maintains a "Strong-Buy" rating on the stock, with additional analysts also upgrading their ratings and price targets for First Majestic Silver.
• The stock currently has an average target price of C$32.00, with a recent trading price of C$17.70, reflecting a 1.2% decrease.

First Majestic Silver Corp. (TSE:AG - Free Report) - Research analysts at National Bank Financial lifted their FY2027 earnings estimates for shares of First Majestic Silver in a research report issued on Sunday, October 5th. National Bank Financial analyst A. Terentiew now anticipates that the company will post earnings of $0.46 per share for the year, up from their previous estimate of $0.17. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is $0.46 per share. National Bank Financial also issued estimates for First Majestic Silver's FY2028 earnings at $0.50 EPS.

A number of other analysts have also weighed in on AG. ATB Capital raised shares of First Majestic Silver from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$47.00 to C$52.00 in a research note on Wednesday, August 6th. National Bankshares raised shares of First Majestic Silver from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$20.00 to C$22.00 in a research report on Monday. Finally, Cormark boosted their price objective on shares of First Majestic Silver from C$17.50 to C$22.00 in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, First Majestic Silver has an average rating of "Buy" and an average target price of C$32.00.

First Majestic Silver Stock Down 1.2%

First Majestic Silver stock opened at C$17.70 on Wednesday. The firm has a 50-day moving average price of C$13.61 and a two-hundred day moving average price of C$11.16. The firm has a market capitalization of C$8.65 billion, a price-to-earnings ratio of -1,770.00 and a beta of 1.60. First Majestic Silver has a 52-week low of C$7.40 and a 52-week high of C$18.92.

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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