HC Wainwright Has Bullish Forecast for AG FY2025 Earnings

First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR - Stock analysts at HC Wainwright increased their FY2025 EPS estimates for First Majestic Silver in a research report issued on Friday, November 8th. HC Wainwright analyst H. Ihle now expects that the mining company will earn $0.14 per share for the year, up from their previous estimate of $0.09. HC Wainwright currently has a "Buy" rating and a $8.50 price objective on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is ($0.13) per share.

Separately, Cormark raised shares of First Majestic Silver from a "hold" rating to a "moderate buy" rating in a report on Friday, September 6th.

First Majestic Silver Price Performance

Shares of First Majestic Silver stock traded down $0.26 during trading hours on Monday, reaching $6.21. 13,851,205 shares of the company's stock were exchanged, compared to its average volume of 8,302,909. First Majestic Silver has a 1 year low of $4.17 and a 1 year high of $8.44. The company has a market capitalization of $1.87 billion, a P/E ratio of -22.52 and a beta of 1.31. The business has a fifty day moving average of $6.42 and a two-hundred day moving average of $6.36. The company has a quick ratio of 2.44, a current ratio of 3.05 and a debt-to-equity ratio of 0.17.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of First Majestic Silver by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company's stock valued at $61,456,000 after acquiring an additional 186,570 shares in the last quarter. Marshall Wace LLP bought a new position in shares of First Majestic Silver in the second quarter worth $3,904,000. Virtu Financial LLC bought a new position in shares of First Majestic Silver in the first quarter worth $1,373,000. Dimensional Fund Advisors LP grew its stake in shares of First Majestic Silver by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,158,908 shares of the mining company's stock worth $18,701,000 after purchasing an additional 103,232 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in First Majestic Silver by 17.7% during the third quarter. Raymond James & Associates now owns 558,096 shares of the mining company's stock valued at $3,349,000 after buying an additional 83,867 shares in the last quarter. Institutional investors and hedge funds own 27.16% of the company's stock.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0048 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.02 dividend on an annualized basis and a yield of 0.31%. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's dividend payout ratio (DPR) is -7.41%.

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.