HC Wainwright Has Negative Forecast for AG FY2026 Earnings

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Equities researchers at HC Wainwright lowered their FY2026 earnings per share estimates for First Majestic Silver in a research report issued on Friday, October 9th. HC Wainwright analyst H. Ihle now anticipates that the mining company will post earnings of $0.79 per share for the year, down from their prior estimate of $0.81. HC Wainwright has a “Buy” rating and a $25.50 price objective on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.81 per share.

Other analysts have also issued research reports about the stock. ATB Cormark Capital Markets upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 10th. Wall Street Zen lowered shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Scotiabank cut their target price on shares of First Majestic Silver from $23.00 to $22.50 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of First Majestic Silver in a report on Wednesday, September 2nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

First Majestic Silver Stock Performance

Shares of AG stock opened at $16.99 on Tuesday. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 23.93 and a beta of 0.97. First Majestic Silver has a 52 week low of $10.19 and a 52 week high of $32.03. The company has a quick ratio of 2.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $19.24 and a 200-day moving average of $19.06.

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

First Majestic Silver Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a $0.0152 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, August 14th. This is a negative change from First Majestic Silver’s previous quarterly dividend of $0.0171. First Majestic Silver’s dividend payout ratio is presently 8.45%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. 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. Bank of America Corp DE grew its stake in First Majestic Silver by 92.3% in 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 during the period. The Manufacturers Life Insurance Company acquired a new stake in First Majestic Silver in the second quarter valued at approximately $59,610,000. Renaissance Technologies LLC bought a new stake in shares of First Majestic Silver during the first quarter valued at approximately $62,760,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of First Majestic Silver during the second quarter valued at approximately $37,926,000. 27.16% of the stock is owned by institutional investors and hedge funds.

About First Majestic Silver

First Majestic Silver Corp. is a mining company focused on the exploration, development and production of silver, gold and related metals. The company also produces and sells investment-grade silver bullion through its own minting and retail operations.

Founded in 2002 and headquartered in Vancouver, British Columbia, First Majestic has historically operated a portfolio of silver-producing mines in Mexico, including San Dimas in Durango, Santa Elena in Sonora and La Encantada in Coahuila.