Cormark Predicts Weaker Earnings for First Majestic Silver

First Majestic Silver Corp. (TSE:AG) – Cormark dropped their FY2024 earnings estimates for First Majestic Silver in a research note issued to investors on Tuesday, February 18th. Cormark analyst R. Gray now anticipates that the company will post earnings of ($0.18) per share for the year, down from their prior estimate of ($0.09). The consensus estimate for First Majestic Silver’s current full-year earnings is $0.46 per share. Cormark also issued estimates for First Majestic Silver’s Q4 2024 earnings at $0.06 EPS.

First Majestic Silver Trading Up 7.2 %

First Majestic Silver stock opened at C$8.18 on Thursday. The stock’s 50-day moving average is C$8.15. The stock has a market cap of C$2.77 billion, a PE ratio of -21.21 and a beta of 1.36. First Majestic Silver has a 52 week low of C$5.78 and a 52 week high of C$11.58.

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.