Cormark Lifts Earnings Estimates for First Majestic Silver

First Majestic Silver Corp. (TSE:AG) – Equities researchers at Cormark boosted their FY2025 earnings per share estimates for First Majestic Silver in a research report issued to clients and investors on Thursday, November 6th. Cormark analyst R. Gray now forecasts that the company will earn $0.43 per share for the year, up from their prior estimate of $0.33. Cormark 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.

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

First Majestic Silver Price Performance

Shares of TSE AG opened at C$15.40 on Friday. First Majestic Silver has a 1-year low of C$7.40 and a 1-year high of C$22.02. The business’s 50 day moving average is C$16.43 and its two-hundred day moving average is C$12.59. The stock has a market capitalization of C$7.55 billion, a P/E ratio of -1,540.00 and a beta of 1.61.

First Majestic Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 28th will be given a $0.0052 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, November 14th. First Majestic Silver’s payout ratio is presently -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.