Q4 EPS Estimates for First Majestic Silver Lifted by Cormark

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Equities research analysts at Cormark upped their Q4 2024 earnings per share estimates for First Majestic Silver in a report issued on Friday, November 8th. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.12 per share for the quarter, up from their prior estimate of $0.09. Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is ($0.13) per share.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.12). The business had revenue of $146.09 million for the quarter. First Majestic Silver had a negative return on equity of 4.20% and a negative net margin of 14.89%.

Separately, HC Wainwright reaffirmed a "buy" rating and set a $8.50 price objective on shares of First Majestic Silver in a research report on Friday, October 18th.

First Majestic Silver Stock Performance

Shares of AG traded down $0.26 during mid-day trading on Monday, hitting $6.21. 13,910,039 shares of the company's stock were exchanged, compared to its average volume of 8,303,102. The company has a current ratio of 3.05, a quick ratio of 2.44 and a debt-to-equity ratio of 0.17. First Majestic Silver has a fifty-two week low of $4.17 and a fifty-two week high of $8.44. The business's 50 day moving average is $6.42 and its two-hundred day moving average is $6.36. The firm has a market capitalization of $1.87 billion, a P/E ratio of -22.52 and a beta of 1.31.

Institutional Investors Weigh In On First Majestic Silver

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of First Majestic Silver by 77.3% in the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company's stock valued at $31,000 after purchasing an additional 2,253 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in First Majestic Silver in the first quarter valued at about $62,000. Dark Forest Capital Management LP purchased a new position in First Majestic Silver in the second quarter valued at about $70,000. Creative Planning acquired a new stake in shares of First Majestic Silver during the 3rd quarter valued at approximately $72,000. Finally, Corundum Trust Company INC purchased a new stake in shares of First Majestic Silver during the 3rd quarter worth approximately $72,000. Hedge funds and other institutional investors own 27.16% of the company's stock.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.0048 dividend. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date is Friday, November 15th. This represents a $0.02 annualized dividend and a dividend yield of 0.31%. First Majestic Silver's payout ratio is presently -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.