Scotiabank Research Analysts Lift Earnings Estimates for AG

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Equities research analysts at Scotiabank boosted their FY2026 earnings estimates for shares of First Majestic Silver in a research note issued on Wednesday, July 15th. Scotiabank analyst E. Winmill now forecasts that the mining company will post earnings per share of $0.75 for the year, up from their prior forecast of $0.69. Scotiabank has a “Sector Perform” rating and a $22.50 price objective on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.80 per share.

Other research analysts have also issued research reports about the company. Zacks Research lowered First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. ATB Cormark Capital Markets upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 10th. HC Wainwright reduced their target price on First Majestic Silver from $30.75 to $26.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Weiss Ratings downgraded First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, BMO Capital Markets raised First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.50.

First Majestic Silver Stock Up 6.3%

NYSE AG opened at $16.86 on Monday. First Majestic Silver has a 1 year low of $7.74 and a 1 year high of $32.03. The stock has a market capitalization of $8.31 billion, a PE ratio of 28.09 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.73 and a quick ratio of 2.54. The business’s 50-day moving average is $18.19 and its 200 day moving average is $20.89.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Tuesday, May 12th. The mining company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $476.67 million for the quarter, compared to the consensus estimate of $522.00 million. First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. The business’s revenue was up 95.3% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 20th were given a dividend of $0.0171 per share. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.07 dividend on an annualized basis and a yield of 0.4%. First Majestic Silver’s dividend payout ratio is 11.67%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AG. Arrowstreet Capital Limited Partnership boosted its holdings in First Majestic Silver by 408.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 15,041,912 shares of the mining company’s stock worth $250,821,000 after acquiring an additional 12,081,688 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of First Majestic Silver during the first quarter valued at $62,760,000. Bank of America Corp DE increased its holdings in shares of First Majestic Silver by 92.3% during the first quarter. Bank of America Corp DE now owns 6,082,824 shares of the mining company’s stock valued at $130,659,000 after acquiring an additional 2,919,008 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of First Majestic Silver in the 4th quarter worth about $45,898,000. Finally, Tidal Investments LLC raised its position in shares of First Majestic Silver by 14.0% in the 3rd quarter. Tidal Investments LLC now owns 21,014,859 shares of the mining company’s stock worth $258,273,000 after purchasing an additional 2,581,023 shares during the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Company Profile

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.