What is Scotiabank’s Forecast for AG FY2026 Earnings?

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Equities researchers at Scotiabank raised their FY2026 earnings estimates for shares of First Majestic Silver in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst E. Winmill now anticipates that the mining company will post earnings per share of $0.75 for the year, up from their prior estimate of $0.69. Scotiabank currently has a “Sector Perform” rating and a $22.50 target price on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.80 per share.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets raised shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. Zacks Research lowered shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. ATB Cormark Capital Markets raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 10th. HC Wainwright reduced their price objective on First Majestic Silver from $30.75 to $26.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Finally, Weiss Ratings downgraded First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

First Majestic Silver Stock Up 0.4%

AG stock opened at $15.88 on Monday. The firm’s fifty day simple moving average is $18.34 and its 200-day simple moving average is $20.89. The company has a market capitalization of $7.83 billion, a P/E ratio of 26.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.73 and a quick ratio of 2.54. First Majestic Silver has a 12 month low of $7.74 and a 12 month high of $32.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Tuesday, May 12th. The mining company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). First Majestic Silver had a return on equity of 11.19% and a net margin of 19.51%.The company had revenue of $476.67 million during the quarter, compared to analysts’ expectations of $522.00 million. During the same period in the prior year, the business posted $0.05 EPS. The company’s quarterly revenue was up 95.3% on a year-over-year basis.

Hedge Funds Weigh In On First Majestic Silver

Large investors have recently bought and sold shares of the business. Tidal Investments LLC increased its position in shares of First Majestic Silver by 14.0% in the third quarter. Tidal Investments LLC now owns 21,014,859 shares of the mining company’s stock valued at $258,273,000 after buying an additional 2,581,023 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of First Majestic Silver by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 18,995,222 shares of the mining company’s stock worth $316,914,000 after buying an additional 945,067 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of First Majestic Silver by 408.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 15,041,912 shares of the mining company’s stock valued at $250,821,000 after buying an additional 12,081,688 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of First Majestic Silver by 33.6% during the 4th quarter. Alps Advisors Inc. now owns 9,621,720 shares of the mining company’s stock valued at $160,298,000 after buying an additional 2,418,513 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in First Majestic Silver by 92.3% in the 1st quarter. Bank of America Corp DE now owns 6,082,824 shares of the mining company’s stock valued at $130,659,000 after acquiring an additional 2,919,008 shares during the period. Institutional investors and hedge funds own 27.16% of the company’s stock.

First Majestic Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 20th were paid a $0.0171 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. First Majestic Silver’s dividend payout ratio (DPR) is presently 11.67%.

About First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.