Q4 EPS Estimate for First Majestic Silver Boosted by Analyst

First Majestic Silver Corp. (TSE:AG - Free Report) - Research analysts at Cormark upped their Q4 2024 EPS estimates for shares of First Majestic Silver in a report issued on Friday, November 8th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.17 per share for the quarter, up from their previous estimate of $0.13. Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is $0.46 per share.

Several other brokerages have also recently weighed in on AG. TD Securities lowered their price target on shares of First Majestic Silver from C$8.50 to C$7.50 in a research report on Monday, September 9th. BMO Capital Markets lowered their price target on shares of First Majestic Silver from C$9.00 to C$7.00 in a research report on Saturday, September 7th.

First Majestic Silver Price Performance

Shares of First Majestic Silver stock traded down C$0.37 during trading hours on Monday, reaching C$8.65. 1,004,160 shares of the company's stock were exchanged, compared to its average volume of 713,541. First Majestic Silver has a 1 year low of C$6.23 and a 1 year high of C$11.18. The stock has a market capitalization of C$2.61 billion, a P/E ratio of -23.39 and a beta of 1.36. The firm has a fifty day moving average price of C$9.01.

First Majestic Silver Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.006 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.28%. First Majestic Silver's payout ratio is -5.56%.

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.