FY2024 Earnings Estimate for AG Issued By Scotiabank

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Scotiabank issued their FY2024 EPS estimates for shares of First Majestic Silver in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib expects that the mining company will post earnings per share of ($0.15) for the year. The consensus estimate for First Majestic Silver's current full-year earnings is ($0.17) per share. Scotiabank also issued estimates for First Majestic Silver's FY2025 earnings at $0.18 EPS.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.12). First Majestic Silver had a negative net margin of 14.89% and a negative return on equity of 4.19%. The business had revenue of $146.09 million during the quarter.

Separately, HC Wainwright reissued a "buy" rating and issued a $11.00 target price on shares of First Majestic Silver in a report on Friday.

First Majestic Silver Stock Performance

NYSE:AG opened at $5.84 on Monday. First Majestic Silver has a twelve month low of $4.17 and a twelve month high of $8.44. The company has a quick ratio of 2.45, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The stock's 50-day simple moving average is $6.09 and its 200 day simple moving average is $6.10. The firm has a market capitalization of $1.76 billion, a PE ratio of -21.63 and a beta of 1.25.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.0048 per share. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date was Friday, November 15th. This represents a $0.02 annualized dividend and a dividend yield of 0.33%. First Majestic Silver's dividend payout ratio (DPR) is -3.70%.

Institutional Investors Weigh In On First Majestic Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of First Majestic Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 28,912,989 shares of the mining company's stock valued at $173,478,000 after purchasing an additional 764,790 shares in the last quarter. Marshall Wace LLP bought a new position in First Majestic Silver in the 2nd quarter valued at approximately $3,904,000. Barclays PLC acquired a new stake in First Majestic Silver during the 3rd quarter worth approximately $2,419,000. Quantbot Technologies LP bought a new stake in First Majestic Silver during the 3rd quarter worth approximately $2,057,000. Finally, XTX Topco Ltd grew its holdings in First Majestic Silver by 1,510.1% during the 3rd quarter. XTX Topco Ltd now owns 271,748 shares of the mining company's stock worth $1,630,000 after acquiring an additional 254,870 shares during the last quarter. Institutional investors own 27.16% of the company's stock.

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.