Scotiabank Expects Higher Earnings for First Majestic Silver

First Majestic Silver Corp. (TSE:AG) – Scotiabank increased their FY2027 earnings per share estimates for First Majestic Silver in a research note issued on Tuesday, August 4th. Scotiabank analyst E. Winmill now expects that the company will post earnings per share of $1.28 for the year, up from their prior forecast of $1.26. Scotiabank has a “Hold” rating on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.46 per share.

First Majestic Silver (TSE:AG) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.30 earnings per share for the quarter. The business had revenue of C$590.33 million for the quarter. First Majestic Silver had a return on equity of 12.27% and a net margin of 21.09%.

Separately, ATB Cormark Capital Markets raised First Majestic Silver from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$36.00 to C$37.00 in a research report on Friday, July 10th. One investment 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 stock. Based on data from MarketBeat.com, First Majestic Silver has a consensus rating of “Buy” and an average target price of C$30.40.

First Majestic Silver Stock Performance

AG stock opened at C$24.70 on Thursday. The firm has a 50 day moving average price of C$24.24 and a 200-day moving average price of C$28.62. The firm has a market capitalization of C$12.17 billion, a price-to-earnings ratio of 35.29 and a beta of 2.75. First Majestic Silver has a 52-week low of C$11.43 and a 52-week high of C$43.69.

First Majestic Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 31st will be given a dividend of $0.0152 per share. The ex-dividend date is Friday, August 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.2%. First Majestic Silver’s dividend payout ratio is 5.06%.

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.