Cormark Cuts Earnings Estimates for First Majestic Silver

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Equities research analysts at Cormark lowered their Q1 2025 earnings estimates for shares of First Majestic Silver in a research report issued to clients and investors on Thursday, April 10th. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.13. 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 $0.42 EPS.

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

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First Majestic Silver Stock Performance

AG stock traded up $0.36 during trading on Friday, reaching $6.65. The stock had a trading volume of 23,087,046 shares, compared to its average volume of 11,653,011. The stock's 50 day moving average is $6.04 and its two-hundred day moving average is $6.17. The firm has a market cap of $3.22 billion, a PE ratio of -19.00 and a beta of 0.97. First Majestic Silver has a 52 week low of $4.43 and a 52 week high of $8.09. 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 (NYSE:AG - Get Free Report) TSE: FR last issued its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $172.34 million during the quarter, compared to analysts' expectations of $227.77 million. First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%.

Hedge Funds Weigh In On First Majestic Silver

Several large investors have recently made changes to their positions in the business. Littlejohn Financial Services Inc. purchased a new position in First Majestic Silver during the first quarter valued at $68,000. Veracity Capital LLC grew its position in shares of First Majestic Silver by 18.4% during the first quarter. Veracity Capital LLC now owns 22,078 shares of the mining company's stock valued at $148,000 after purchasing an additional 3,425 shares in the last quarter. RFG Advisory LLC bought a new stake in shares of First Majestic Silver in the first quarter worth about $527,000. Parallel Advisors LLC raised its holdings in shares of First Majestic Silver by 1,221.6% during the 1st quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after acquiring an additional 3,506 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co bought a new position in First Majestic Silver during the fourth quarter valued at $723,000. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.0057 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.02 annualized dividend and a yield of 0.34%. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's dividend payout ratio is currently -5.71%.

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.