Cormark Cuts Earnings Estimates for First Majestic Silver

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Research analysts at Cormark cut their Q4 2024 earnings per share (EPS) estimates for shares of First Majestic Silver in a research report issued to clients and investors on Tuesday, February 18th. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.11. The consensus estimate for First Majestic Silver's current full-year earnings is ($0.18) per share. Cormark also issued estimates for First Majestic Silver's Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.46 EPS.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued 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). First Majestic Silver had a negative net margin of 14.89% and a negative return on equity of 4.19%. The firm had revenue of $172.34 million during the quarter, compared to analyst estimates of $227.77 million.

AG has been the topic of a number of other reports. HC Wainwright reaffirmed a "buy" rating and issued a $11.00 price objective on shares of First Majestic Silver in a report on Friday. Scotiabank decreased their price objective on First Majestic Silver from $6.50 to $6.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 15th.

First Majestic Silver Stock Performance

NYSE AG traded down $0.22 on Wednesday, reaching $5.55. The stock had a trading volume of 25,372,832 shares, compared to its average volume of 18,162,666. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45. The firm has a fifty day moving average of $5.68 and a two-hundred day moving average of $6.01. First Majestic Silver has a 1-year low of $4.28 and a 1-year high of $8.44. The company has a market cap of $1.73 billion, a P/E ratio of -20.54 and a beta of 1.24.

Institutional Trading of First Majestic Silver

Large investors have recently modified their holdings of the stock. Allworth Financial LP grew its holdings in shares of First Majestic Silver by 805.4% during the 4th quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock worth $29,000 after purchasing an additional 4,591 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of First Majestic Silver by 77.3% during the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company's stock worth $31,000 after purchasing an additional 2,253 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of First Majestic Silver during the 4th quarter worth $55,000. Bank of Nova Scotia bought a new stake in shares of First Majestic Silver during the 4th quarter worth $57,000. Finally, Captrust Financial Advisors bought a new stake in shares of First Majestic Silver during the 4th quarter worth $58,000. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.0057 per share. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Friday, February 28th. First Majestic Silver's dividend payout ratio is -7.41%.

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.