First Majestic Silver (NYSE:AG) Price Target Cut to $26.00 by Analysts at HC Wainwright

First Majestic Silver (NYSE:AG) (TSE:FR) had its price objective trimmed by HC Wainwright from $30.75 to $26.00 in a research report released on Friday morning, MarketBeat.com reports. The firm currently has a buy rating on the mining company’s stock. HC Wainwright also issued estimates for First Majestic Silver’s FY2026 earnings at $0.42 EPS.

Several other equities research analysts have also commented on the stock. BMO Capital Markets raised shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 24th. Wall Street Zen downgraded shares of First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Scotiabank upgraded shares of First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. Weiss Ratings cut shares of First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, Zacks Research downgraded shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research 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 issued a Hold rating to the stock. Based on data from MarketBeat, First Majestic Silver currently has a consensus rating of “Moderate Buy” and an average price target of $23.67.

First Majestic Silver Stock Down 1.0%

Shares of NYSE AG traded down $0.17 during trading on Friday, reaching $16.99. The company had a trading volume of 8,442,059 shares, compared to its average volume of 10,635,216. First Majestic Silver has a 12-month low of $7.74 and a 12-month high of $32.03. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08. The business’s 50-day moving average is $18.92 and its 200 day moving average is $20.90. The stock has a market cap of $8.38 billion, a PE ratio of 28.32 and a beta of 0.91.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Tuesday, May 12th. The mining company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). The business had revenue of $476.67 million during the quarter, compared to the consensus estimate of $522.00 million. First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. The business’s revenue was up 95.3% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. As a group, equities analysts forecast that First Majestic Silver will post 0.74 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lodestone Wealth Management LLC bought a new position in shares of First Majestic Silver during the 4th quarter valued at approximately $25,000. EFG International AG purchased a new stake in First Majestic Silver during the 4th quarter valued at $25,000. Harbor Investment Advisory LLC bought a new stake in First Majestic Silver in the first quarter worth $32,000. PNC Financial Services Group Inc. boosted its stake in First Majestic Silver by 184.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the mining company’s stock worth $32,000 after buying an additional 978 shares during the period. Finally, Spire Wealth Management purchased a new position in First Majestic Silver during the fourth quarter worth $35,000. 27.16% of the stock is currently owned by 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.