Brokers Offer Predictions for AG FY2025 Earnings

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Stock analysts at National Bank Financial boosted their FY2025 earnings per share (EPS) estimates for shares of First Majestic Silver in a note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the mining company will earn $0.62 per share for the year, up from their previous forecast of $0.61. The consensus estimate for First Majestic Silver’s current full-year earnings is ($0.16) per share.

Several other research firms have also issued reports on AG. HC Wainwright reissued a “buy” rating and set a $11.00 target price on shares of First Majestic Silver in a research note on Friday, January 10th. Scotiabank decreased their target price on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 15th.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock opened at $5.79 on Wednesday. The business’s fifty day simple moving average is $5.79 and its 200-day simple moving average is $6.02. First Majestic Silver has a 52 week low of $4.17 and a 52 week high of $8.44. The company has a quick ratio of 2.45, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.81 billion, a PE ratio of -21.44 and a beta of 1.24.

Institutional Investors Weigh In On First Majestic Silver

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its holdings in First Majestic Silver by 8.3% during the 4th quarter. Franklin Resources Inc. now owns 23,240 shares of the mining company’s stock worth $128,000 after purchasing an additional 1,776 shares during the period. Toronto Dominion Bank increased its holdings in First Majestic Silver by 6.7% during the 3rd quarter. Toronto Dominion Bank now owns 29,404 shares of the mining company’s stock worth $176,000 after purchasing an additional 1,855 shares during the period. Blue Trust Inc. increased its holdings in First Majestic Silver by 77.3% during the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock worth $31,000 after purchasing an additional 2,253 shares during the period. CIBC Asset Management Inc increased its holdings in First Majestic Silver by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company’s stock worth $2,030,000 after purchasing an additional 2,288 shares during the period. Finally, Veracity Capital LLC increased its holdings in First Majestic Silver by 18.5% during the 3rd quarter. Veracity Capital LLC now owns 17,344 shares of the mining company’s stock worth $104,000 after purchasing an additional 2,710 shares during the period. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Company Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.