Cormark Expects Increased Earnings for First Majestic Silver

First Majestic Silver Corp. (TSE:AG) – Stock analysts at Cormark raised their FY2025 EPS estimates for shares of First Majestic Silver in a research note issued to investors on Monday, October 6th. Cormark analyst R. Gray now anticipates that the company will earn $0.33 per share for the year, up from their prior estimate of $0.25. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.46 per share.

Other analysts also recently issued research reports about the stock. National Bank Financial raised shares of First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research report on Sunday. National Bankshares upgraded shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$20.00 to C$22.00 in a report on Monday. Finally, ATB Capital upgraded First Majestic Silver from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$47.00 to C$52.00 in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$32.00.

First Majestic Silver Price Performance

Shares of TSE:AG opened at C$17.91 on Tuesday. The business’s 50-day moving average is C$13.49 and its 200-day moving average is C$11.11. First Majestic Silver has a 1 year low of C$7.40 and a 1 year high of C$18.92. The company has a market capitalization of C$8.75 billion, a price-to-earnings ratio of -1,791.00 and a beta of 1.60.

First Majestic Silver Company Profile

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.