Q2 2024 Earnings Forecast for First Majestic Silver Corp. (TSE:FR) Issued By Cormark

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Cormark decreased their Q2 2024 earnings per share estimates for First Majestic Silver in a report released 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 estimate of $0.05. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.01 per share.

Several other research firms also recently issued reports on FR. BMO Capital Markets dropped their price objective on First Majestic Silver from C$8.00 to C$7.50 in a report on Monday, February 26th. TD Securities lowered their price target on First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating for the company in a report on Thursday, January 18th.

First Majestic Silver Price Performance

FR stock opened at C$9.28 on Thursday. The company has a quick ratio of 1.19, a current ratio of 2.57 and a debt-to-equity ratio of 18.89. First Majestic Silver has a 52-week low of C$5.67 and a 52-week high of C$11.58. The stock’s 50 day moving average is C$7.75 and its two-hundred day moving average is C$7.45. The company has a market capitalization of C$2.66 billion, a PE ratio of -14.28, a P/E/G ratio of 0.14 and a beta of 1.28.

First Majestic Silver (TSE:FR) (NYSE:AG) last announced its earnings results on Thursday, February 22nd. The mining company reported C($0.04) EPS for the quarter, beating the consensus estimate of C($0.05) by C$0.01. The business 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 declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.006 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 dividend on an annualized basis and a yield of 0.26%. First Majestic Silver’s dividend payout ratio (DPR) is presently -4.62%.

About First Majestic Silver

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.