Cormark Boosts Earnings Estimates for First Majestic Silver

First Majestic Silver Corp. (TSE:AG) – Investment analysts at Cormark boosted their FY2025 earnings per share (EPS) estimates for First Majestic Silver in a research note issued on Thursday, November 6th. Cormark analyst R. Gray now expects that the company will earn $0.43 per share for the year, up from their previous forecast of $0.33. Cormark currently 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.

A number of other equities research analysts have also recently issued reports on the stock. National Bank Financial upgraded shares of First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 5th. TD Securities raised shares of First Majestic Silver from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$14.00 to C$22.00 in a research report on Wednesday, October 8th. BMO Capital Markets boosted their price target on First Majestic Silver from C$18.50 to C$21.00 in a research report on Thursday, October 9th. ATB Capital upgraded shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$47.00 to C$52.00 in a report on Wednesday, August 6th. Finally, National Bankshares raised First Majestic Silver from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$20.00 to C$22.00 in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$27.80.

First Majestic Silver Stock Up 2.3%

TSE AG opened at C$15.40 on Friday. First Majestic Silver has a 12-month low of C$7.40 and a 12-month high of C$22.02. The company has a 50 day moving average price of C$16.43 and a two-hundred day moving average price of C$12.59. The stock has a market capitalization of C$7.55 billion, a PE ratio of -1,540.00 and a beta of 1.61.

First Majestic Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 28th will be issued a $0.0052 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.02 annualized dividend and a yield of 0.1%. First Majestic Silver’s dividend payout ratio (DPR) is -196.00%.

About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.