FY2026 Earnings Forecast for AG Issued By Scotiabank

On January 8th, 2025, analysts from Scotiabank released their earnings per share (EPS) estimates for First Majestic Silver Corp. (NYSE:AG) for the fiscal year 2026. Scotiabank analyst O. Habib expects the company to achieve an EPS of $0.38. This figure contrasts with the current consensus, which predicts a loss of $0.17 per share for the current fiscal year.

In a separate note, HC Wainwright reiterated a "buy" rating on First Majestic Silver, with a price target of $11.00 for the stock.

First Majestic Silver Price Overview

As of last Friday, shares of AG opened at $5.84. The company maintains a debt-to-equity ratio of 0.16, with a current ratio of 3.03 and a quick ratio of 2.45. Over the past year, the stock has experienced a low of $4.17 and a high of $8.44. First Majestic Silver has a market capitalization of $1.76 billion, a price-to-earnings (PE) ratio of -21.63, and a beta of 1.25. The company's fifty-day moving average price was $6.09, while its 200-day moving average price was $6.10.

The latest quarterly earnings results for First Majestic Silver were reported on November 7th, where the company announced an EPS of ($0.03), missing the consensus estimate of $0.09 by a significant margin. The company also reported a negative return on equity of 4.19% and a negative net margin of 14.89%, with quarterly revenue of $146.09 million.

Dividend Announcement

Recently, the company declared a quarterly dividend amounting to $0.0048, which was distributed on November 29th to stockholders of record as of November 15th. This annualizes to a dividend of $0.02, yielding approximately 0.33%, marking an increase from the previous quarterly dividend of $0.00. The ex-dividend date for this announcement was also November 15th, and the company has a negative payout ratio of -3.70%.

Institutional Investor Activity

Several institutional investors have recently made changes to their holdings in AG. For instance, Synovus Financial Corp. purchased a new stake worth about $452,000 in the third quarter. Tidal Investments LLC increased their shares by 1.8%, now holding around 5.78 million shares valued at approximately $34.68 million after acquiring additional shares. Virtu Financial LLC reported a 95.9% increase in their holdings, owning 136,356 shares worth $818,000 after making a notable purchase. Toronto Dominion Bank also raised its stake by 6.7%, now owning 29,404 shares. Geode Capital Management LLC also made a significant increase in their holdings, now owning 136,901 shares after an additional acquisition. Overall, institutional and hedge fund investors own about 27.16% of First Majestic Silver's stock.

About First Majestic Silver

First Majestic Silver Corp. specializes in the acquisition, exploration, development, and production of mineral properties, primarily focusing on silver and gold production across North America. The company operates several key projects, including 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, Finance