What is Scotiabank’s Forecast for AG FY2027 Earnings?

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Equities research analysts at Scotiabank upped their FY2027 earnings per share estimates for First Majestic Silver in a research note issued on Wednesday, July 15th. Scotiabank analyst E. Winmill now forecasts that the mining company will post earnings per share of $0.90 for the year, up from their previous forecast of $0.85. 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 $0.78 per share.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings results on Tuesday, May 12th. The mining company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $476.67 million for the quarter, compared to analysts’ expectations of $522.00 million. First Majestic Silver had a return on equity of 11.19% and a net margin of 19.51%.The firm’s revenue for the quarter was up 95.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share.

Several other brokerages have also recently issued reports on AG. ATB Cormark Capital Markets raised 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 raised First Majestic Silver from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. HC Wainwright reduced their price objective on First Majestic Silver from $30.75 to $26.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. BMO Capital Markets raised First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 24th. Finally, Zacks Research cut First Majestic Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, First Majestic Silver has an average rating of “Moderate Buy” and an average target price of $23.50.

First Majestic Silver Price Performance

First Majestic Silver stock opened at $15.86 on Friday. The company has a fifty day simple moving average of $18.62 and a 200-day simple moving average of $20.90. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 26.43 and a beta of 0.91. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08. First Majestic Silver has a 52-week low of $7.74 and a 52-week high of $32.03.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 20th were given a $0.0171 dividend. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.07 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, May 20th. First Majestic Silver’s dividend payout ratio (DPR) is presently 11.67%.

Hedge Funds Weigh In On First Majestic Silver

Hedge funds have recently modified their holdings of the business. Lodestone Wealth Management LLC purchased a new stake in First Majestic Silver in the 4th quarter valued at about $25,000. EFG International AG acquired a new position in shares of First Majestic Silver in the 4th quarter worth approximately $25,000. Harbor Investment Advisory LLC acquired a new position in shares of First Majestic Silver in the 1st quarter worth approximately $32,000. PNC Financial Services Group Inc. lifted its holdings in shares of 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 worth $32,000 after acquiring an additional 978 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in shares of First Majestic Silver during the 4th quarter worth approximately $35,000. 27.16% of the stock is currently 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.