Brokers Offer Predictions for AG FY2025 Earnings

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - National Bank Financial boosted their FY2025 earnings estimates for shares of First Majestic Silver in a research report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings per share of $0.62 for the year, up from their previous forecast of $0.61. The consensus estimate for First Majestic Silver's current full-year earnings is ($0.16) per share.

Several other analysts also recently commented on AG. HC Wainwright reissued a "buy" rating and set a $11.00 price objective on shares of First Majestic Silver in a research report on Friday, January 10th. Scotiabank cut their price objective on shares of First Majestic Silver from $6.50 to $6.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 15th.

First Majestic Silver Stock Down 4.6 %

AG stock traded down $0.27 during trading on Wednesday, hitting $5.44. 26,144,654 shares of the stock traded hands, compared to its average volume of 17,703,598. First Majestic Silver has a 1 year low of $4.28 and a 1 year high of $8.44. The firm's 50 day moving average is $5.77 and its two-hundred day moving average is $6.01. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -20.13 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45.

Institutional Trading of First Majestic Silver

A number of institutional investors have recently made changes to their positions in AG. Allworth Financial LP raised its position in shares of First Majestic Silver by 805.4% during the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock valued at $29,000 after buying an additional 4,591 shares during the last quarter. Blue Trust Inc. raised its position in shares of First Majestic Silver by 77.3% during the third quarter. Blue Trust Inc. now owns 5,166 shares of the mining company's stock valued at $31,000 after buying an additional 2,253 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of First Majestic Silver during the fourth quarter valued at approximately $55,000. Bank of Nova Scotia bought a new stake in shares of First Majestic Silver during the fourth quarter valued at approximately $57,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of First Majestic Silver during the third quarter valued at approximately $70,000. Hedge funds and other institutional investors own 27.16% of the company's stock.

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.