Cormark Equities Analysts Reduce Earnings Estimates for AG

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Equities researchers at Cormark lowered their Q4 2024 EPS estimates for shares of First Majestic Silver in a report issued on Tuesday, February 18th. Cormark analyst R. Gray now expects that the mining company will earn $0.04 per share for the quarter, down from their prior estimate of $0.11. The consensus estimate for First Majestic Silver’s current full-year earnings is ($0.16) per share. Cormark also issued estimates for First Majestic Silver’s Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.46 EPS.

A number of other brokerages have also issued reports on AG. HC Wainwright restated a “buy” rating and set a $11.00 price target on shares of First Majestic Silver in a research note on Friday, January 10th. Scotiabank cut their price objective on shares of 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 Trading Down 1.0 %

Shares of First Majestic Silver stock opened at $5.39 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 3.03. First Majestic Silver has a 12-month low of $4.28 and a 12-month high of $8.44. The firm’s 50 day simple moving average is $5.73 and its two-hundred day simple moving average is $6.01.

Institutional Trading of First Majestic Silver

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP increased its holdings in First Majestic Silver by 805.4% in the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company’s stock valued at $29,000 after buying an additional 4,591 shares in the last quarter. Blue Trust Inc. increased its holdings in First Majestic Silver by 77.3% in the third quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock valued at $31,000 after buying an additional 2,253 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in First Majestic Silver in the fourth quarter valued at $55,000. Bank of Nova Scotia purchased a new position in First Majestic Silver in the fourth quarter valued at $57,000. Finally, Captrust Financial Advisors purchased a new position in First Majestic Silver in the fourth quarter valued at $58,000. Institutional investors and hedge funds own 27.16% of the company’s stock.

About First Majestic Silver

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.