FY2026 Earnings Forecast for AG Issued By Scotiabank

On January 11th, 2025, analysts from Scotiabank shared their earnings predictions for First Majestic Silver Corp. (NYSE:AG) for the fiscal year 2026. In their research note published on January 8th, Scotiabank’s analyst O. Habib forecasted an earnings per share (EPS) of $0.38 for the mining company. This figure stands in contrast to the current consensus estimate for the company's full-year earnings, which predicts a loss of $0.17 per share.

Additionally, analysts at HC Wainwright reiterated their “buy” rating on First Majestic Silver, setting a price target of $11.00 for the company’s shares in a research note released on Friday.

First Majestic Silver Price Performance

The shares of First Majestic Silver opened at $5.84 on the most recent trading day. The company currently has a debt-to-equity ratio of 0.16, a current ratio of 3.03, and a quick ratio of 2.45. Over the past year, the stock has reached a low of $4.17 and a high of $8.44, with a market capitalization of $1.76 billion. The Price-to-Earnings (P/E) ratio stands at -21.63, while the stock has a beta of 1.25. The fifty-day moving average price of the stock is $6.09, and the 200-day moving average price is $6.10.

First Majestic Silver recently reported its quarterly earnings on November 7th, posting an EPS of ($0.03) for that quarter. This result was lower than the market consensus estimate of $0.09 per share, indicating a shortfall of $0.12. The company recorded a negative return on equity of 4.19% and a net margin of -14.89%. In terms of revenue, First Majestic Silver generated $146.09 million for that quarter.

First Majestic Silver Increases Dividend

The company has also announced a quarterly dividend, which was paid on November 29th. Shareholders who were on record as of November 15th received a dividend of $0.0048 per share, amounting to an annualized dividend of $0.02 and a yield of 0.33%. This dividend represents an increase from the company's previous quarterly disbursement of $0.00. The ex-dividend date was November 15th, and the payout ratio for First Majestic Silver is currently at -3.70%.

Institutional Inflows and Outflows

In terms of institutional investments, several firms have recently adjusted their holdings in First Majestic Silver. For instance, Synovus Financial Corp made a new investment in the company during the third quarter, valued at approximately $452,000. Similarly, Tidal Investments LLC increased its stake in First Majestic Silver by 1.8% during the same period, now owning 5,780,689 shares worth about $34.684 million after acquiring more than 99,000 additional shares last quarter. Virtu Financial LLC boosted its holdings by 95.9%, purchasing an additional 66,750 shares, bringing their total to 136,356 shares valued at $818,000. Moreover, Toronto Dominion Bank has increased its position by 6.7% during the third quarter, now holding 29,404 shares worth $176,000 after buying additional shares. Finally, Geode Capital Management raised its stake by 9.8%, owning now 136,901 shares which amount to $825,000. Altogether, institutional investors and hedge funds account for 27.16% of the company's stock ownership.

About First Majestic Silver

First Majestic Silver Corp. focuses on acquiring, exploring, developing, and producing mineral properties, concentrating particularly on silver and gold production in North America. Some of its notable projects include the San Dimas mine in Durango State, the Santa Elena mine in Sonora State, and the La Encantada mine in Coahuila State, Mexico.

Earnings, Forecast, Mining