What is Scotiabank’s Forecast for AG FY2027 Earnings?

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Scotiabank boosted their FY2027 earnings per share estimates for First Majestic Silver in a note issued to investors on Tuesday, August 4th. Scotiabank analyst E. Winmill now expects that the mining company will earn $0.91 per share for the year, up from their previous estimate of $0.90. Scotiabank currently has a “Sector Perform” rating and a $22.50 target price on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.83 per share.

A number of other equities research analysts also recently weighed in on the company. HC Wainwright lifted their target price on First Majestic Silver from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings downgraded shares of First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Wall Street Zen lowered shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.83.

First Majestic Silver Stock Performance

Shares of NYSE AG opened at $17.65 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.57 and a quick ratio of 2.38. The stock’s fifty day moving average price is $17.26 and its two-hundred day moving average price is $20.71. First Majestic Silver has a one year low of $8.28 and a one year high of $32.03. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 24.87 and a beta of 0.94.

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

First Majestic Silver Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a $0.0152 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, August 14th. First Majestic Silver’s payout ratio is currently 9.86%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC acquired a new stake in shares of First Majestic Silver in the 1st quarter valued at approximately $32,000. EFG International AG acquired a new position in First Majestic Silver during the 4th quarter worth approximately $25,000. PNC Financial Services Group Inc. lifted its stake in First Majestic Silver by 184.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the mining company’s stock valued at $32,000 after purchasing an additional 978 shares during the last quarter. Parallel Advisors LLC lifted its stake in First Majestic Silver by 36.4% in the 1st quarter. Parallel Advisors LLC now owns 2,100 shares of the mining company’s stock valued at $45,000 after purchasing an additional 560 shares during the last quarter. Finally, Sittner & Nelson LLC acquired a new stake in First Majestic Silver in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 27.16% of the company’s stock.

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.