Cormark Cuts Earnings Estimates for First Majestic Silver

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Equities researchers at Cormark cut their Q1 2025 earnings per share estimates for shares of First Majestic Silver in a research note issued to investors on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the mining company will post earnings of $0.08 per share for the quarter, down from their previous estimate of $0.12. The consensus estimate for First Majestic Silver's current full-year earnings is $0.54 per share.

A number of other analysts also recently issued reports on the company. Scotiabank reaffirmed a "sector perform" rating and issued a $6.00 target price on shares of First Majestic Silver in a research report on Wednesday, April 2nd. TD Securities upgraded First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Finally, HC Wainwright reissued a "buy" rating and issued a $11.00 price objective on shares of First Majestic Silver in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, First Majestic Silver currently has a consensus rating of "Hold" and a consensus price target of $8.50.

First Majestic Silver Trading Down 5.7 %

Shares of NYSE:AG opened at $6.09 on Wednesday. The company's 50-day moving average price is $6.15 and its two-hundred day moving average price is $6.18. First Majestic Silver has a one year low of $4.43 and a one year high of $8.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 2.12. The stock has a market capitalization of $2.95 billion, a PE ratio of -17.40 and a beta of 0.97.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings data on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The business had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%.

First Majestic Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.0057 per share. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date was Friday, February 28th. This represents a $0.02 annualized dividend and a yield of 0.37%. First Majestic Silver's dividend payout ratio (DPR) is currently -5.71%.

Hedge Funds Weigh In On First Majestic Silver

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC boosted its holdings in shares of First Majestic Silver by 135.2% during the 4th quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company's stock worth $74,647,000 after buying an additional 7,816,177 shares during the period. Vanguard Group Inc. boosted its holdings in shares of First Majestic Silver by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company's stock worth $62,784,000 after acquiring an additional 598,996 shares during the period. Two Sigma Investments LP grew its position in shares of First Majestic Silver by 46.8% in the fourth quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company's stock valued at $24,463,000 after purchasing an additional 1,420,937 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of First Majestic Silver by 897.8% during the fourth quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company's stock worth $20,638,000 after purchasing an additional 3,382,443 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in First Majestic Silver by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,472,159 shares of the mining company's stock worth $19,060,000 after purchasing an additional 121,892 shares during the last quarter. 27.16% of the stock is currently owned by institutional investors and hedge funds.

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.

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