FY2026 EPS Estimate for First Majestic Silver Cut by Analyst

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Investment analysts at Scotiabank lowered their FY2026 earnings estimates for First Majestic Silver in a research note issued on Tuesday, August 4th. Scotiabank analyst E. Winmill now forecasts that the mining company will post earnings per share of $0.69 for the year, down from their prior estimate of $0.75. 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 $0.83 per share.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Thursday, July 30th. The mining company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). First Majestic Silver had a net margin of 21.18% and a return on equity of 13.36%. The business had revenue of $415.50 million during the quarter, compared to analyst estimates of $496.00 million. During the same period in the previous year, the company posted $0.11 earnings per share. First Majestic Silver’s revenue was up 57.3% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen cut First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. HC Wainwright upped their price objective on First Majestic Silver from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings cut shares of First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Finally, ATB Cormark Capital Markets raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

First Majestic Silver Stock Down 1.7%

Shares of NYSE AG opened at $17.32 on Friday. The firm’s 50-day moving average is $17.19 and its two-hundred day moving average is $20.68. The company has a market capitalization of $8.53 billion, a PE ratio of 24.39 and a beta of 0.94. First Majestic Silver has a 12-month low of $8.28 and a 12-month high of $32.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.57 and a quick ratio of 2.38.

First Majestic Silver Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.0152 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, August 14th. First Majestic Silver’s dividend payout ratio (DPR) is 8.45%.

Institutional Trading of First Majestic Silver

Several institutional investors have recently made changes to their positions in AG. Tidal Investments LLC boosted its holdings in First Majestic Silver by 14.0% in the third quarter. Tidal Investments LLC now owns 21,014,859 shares of the mining company’s stock valued at $258,273,000 after acquiring an additional 2,581,023 shares during the last quarter. Vanguard Group Inc. grew its position in First Majestic Silver by 5.2% during the fourth quarter. Vanguard Group Inc. now owns 18,995,222 shares of the mining company’s stock valued at $316,914,000 after acquiring an additional 945,067 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in First Majestic Silver by 408.1% during 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 during the last quarter. Alps Advisors Inc. increased its stake in First Majestic Silver by 33.6% during the fourth quarter. Alps Advisors Inc. now owns 9,621,720 shares of the mining company’s stock worth $160,298,000 after acquiring an additional 2,418,513 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of First Majestic Silver by 92.3% in the 1st quarter. Bank of America Corp DE now owns 6,082,824 shares of the mining company’s stock worth $130,659,000 after purchasing an additional 2,919,008 shares during the period. 27.16% of the stock is owned by hedge funds and other institutional investors.

About First Majestic Silver

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.