Cormark Expects Reduced Earnings for First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Investment analysts at Cormark dropped their FY2025 EPS estimates for First Majestic Silver in a report released on Monday, May 12th. Cormark analyst R. Gray now expects that the mining company will earn $0.40 per share for the year, down from their prior estimate of $0.47. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.54 per share. Cormark also issued estimates for First Majestic Silver’s FY2026 earnings at $0.46 EPS and FY2027 earnings at $0.50 EPS.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Wednesday, May 7th. The mining company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The company had revenue of $241.12 million for the quarter, compared to the consensus estimate of $358.65 million. During the same period last year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 41.6% on a year-over-year basis.

Several other brokerages have also recently issued reports on AG. Scotiabank reaffirmed a “sector perform” rating and set a $6.00 price objective on shares of First Majestic Silver in a report on Wednesday, April 2nd. HC Wainwright upped their price target on shares of First Majestic Silver from $11.00 to $11.50 and gave the company a “buy” rating in a research note on Friday, May 9th. StockNews.com raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. National Bankshares restated a “sector perform” rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Finally, TD Securities raised shares of First Majestic Silver to a “hold” rating in a report on Monday, March 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.75.

First Majestic Silver Price Performance

Shares of First Majestic Silver stock opened at $5.65 on Thursday. The firm has a market cap of $2.74 billion, a PE ratio of -16.14 and a beta of 0.81. The stock has a 50 day moving average of $6.30 and a 200 day moving average of $6.08. The company has a current ratio of 2.56, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16. First Majestic Silver has a 12 month low of $4.43 and a 12 month high of $8.09.

Institutional Investors Weigh In On First Majestic Silver

Institutional investors have recently made changes to their positions in the company. Barclays PLC purchased a new stake in First Majestic Silver in the 3rd quarter worth about $2,419,000. Realta Investment Advisors lifted its stake in shares of First Majestic Silver by 16.8% during the 4th quarter. Realta Investment Advisors now owns 497,726 shares of the mining company’s stock worth $2,882,000 after acquiring an additional 71,456 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in First Majestic Silver by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 565,982 shares of the mining company’s stock valued at $3,109,000 after acquiring an additional 18,219 shares during the period. Principal Securities Inc. boosted its holdings in First Majestic Silver by 30.3% during the 4th quarter. Principal Securities Inc. now owns 21,500 shares of the mining company’s stock valued at $118,000 after acquiring an additional 5,000 shares during the period. Finally, Raymond James Financial Inc. bought a new position in First Majestic Silver in the 4th quarter valued at $2,442,000. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.0045 per share. This represents a yield of 0.32%. The ex-dividend date is Friday, May 16th. First Majestic Silver’s payout ratio is -3.45%.

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.