HC Wainwright Issues Optimistic Forecast for TSE:AG Earnings

First Majestic Silver Corp. (TSE:AG - Free Report) - Equities research analysts at HC Wainwright upped their FY2025 earnings per share (EPS) estimates for First Majestic Silver in a research note issued on Friday, November 8th. HC Wainwright analyst H. Ihle now expects that the company will earn $0.19 per share for the year, up from their previous estimate of $0.12. The consensus estimate for First Majestic Silver's current full-year earnings is $0.46 per share.

A number of other analysts have also weighed in on the company. BMO Capital Markets cut their price objective on First Majestic Silver from C$9.00 to C$7.00 in a research report on Saturday, September 7th. Cormark raised shares of First Majestic Silver from a "hold" rating to a "moderate buy" rating in a research report on Friday, September 6th. Finally, TD Securities cut their price objective on shares of First Majestic Silver from C$8.50 to C$7.50 in a report on Monday, September 9th.

First Majestic Silver Stock Performance

Shares of AG traded down C$0.37 during trading on Monday, reaching C$8.65. 1,004,160 shares of the company traded hands, compared to its average volume of 713,541. The firm has a market cap of C$2.61 billion, a PE ratio of -23.39 and a beta of 1.36. First Majestic Silver has a twelve month low of C$6.23 and a twelve month high of C$11.18. The business's 50-day moving average is C$9.01.

First Majestic Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, November 15th. First Majestic Silver's dividend payout ratio (DPR) 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.