Scotiabank Cuts Earnings Estimates for First Majestic Silver

First Majestic Silver Corp. (TSE:AG) – Analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of First Majestic Silver in a research note issued on Thursday, May 14th. Scotiabank analyst E. Winmill now expects that the company will post earnings per share of $0.95 for the year, down from their previous forecast of $0.99. Scotiabank currently has a “Hold” rating on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.46 per share.

AG has been the subject of several other reports. TD Securities raised their price objective on First Majestic Silver from C$22.00 to C$36.00 in a research note on Thursday, January 22nd. BMO Capital Markets raised First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price target for the company in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Majestic Silver currently has an average rating of “Buy” and a consensus price target of C$33.40.

First Majestic Silver Price Performance

TSE:AG opened at C$31.13 on Friday. The firm has a market capitalization of C$15.37 billion, a price-to-earnings ratio of 91.56 and a beta of 2.85. First Majestic Silver has a 1 year low of C$7.67 and a 1 year high of C$43.69. The business has a 50 day simple moving average of C$29.81 and a 200-day simple moving average of C$26.97.

First Majestic Silver (TSE:AG) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.43 earnings per share (EPS) for the quarter. The business had revenue of C$662.71 million during the quarter. First Majestic Silver had a return on equity of 6.49% and a net margin of 13.14%.

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.