HC Wainwright Brokers Decrease Earnings Estimates for AG

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Investment analysts at HC Wainwright lowered their FY2026 earnings per share estimates for shares of First Majestic Silver in a note issued to investors on Friday, October 9th. HC Wainwright analyst H. Ihle now forecasts that the mining company will earn $0.79 per share for the year, down from their previous forecast of $0.81. HC Wainwright has a “Buy” rating and a $25.50 price objective on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.80 per share.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Thursday, July 30th. The mining company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04). The business had revenue of $415.50 million for the quarter, compared to the consensus estimate of $496.00 million. First Majestic Silver had a return on equity of 13.36% and a net margin of 21.18%. The firm’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share.

AG has been the topic of several other research reports. Scotiabank reduced their price target on shares of First Majestic Silver from $23.00 to $22.50 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Wall Street Zen cut shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings restated a “hold (c)” rating on shares of First Majestic Silver in a research note on Wednesday, September 2nd. Finally, ATB Cormark Capital Markets raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

First Majestic Silver Stock Down 6.6%

Shares of AG opened at $15.25 on Tuesday. The firm has a fifty day moving average price of $19.19 and a 200-day moving average price of $19.00. The company has a current ratio of 2.57, a quick ratio of 2.38 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.52 billion, a P/E ratio of 18.35 and a beta of 0.97. First Majestic Silver has a 12-month low of $10.19 and a 12-month high of $32.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC bought a new position in shares of First Majestic Silver during the third quarter valued at approximately $39,000. Euro Pacific Asset Management LLC increased its holdings in First Majestic Silver by 20.9% during the third quarter. Euro Pacific Asset Management LLC now owns 70,499 shares of the mining company’s stock valued at $1,247,000 after buying an additional 12,166 shares during the period. Envestnet Asset Management Inc. increased its holdings in First Majestic Silver by 173.6% during the second quarter. Envestnet Asset Management Inc. now owns 67,600 shares of the mining company’s stock valued at $1,146,000 after buying an additional 42,893 shares during the period. State Street Corp raised its stake in First Majestic Silver by 17.0% in the second quarter. State Street Corp now owns 12,773 shares of the mining company’s stock worth $217,000 after buying an additional 1,856 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in First Majestic Silver by 63.9% in the second quarter. The Manufacturers Life Insurance Company now owns 3,516,832 shares of the mining company’s stock worth $59,610,000 after buying an additional 1,371,189 shares in the last quarter. 27.16% of the stock is currently owned by institutional investors.

First Majestic Silver Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were paid a dividend of $0.0152 per share. This is a decrease from First Majestic Silver’s previous quarterly dividend of $0.0171. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, August 14th. First Majestic Silver’s payout ratio is 8.45%.

First Majestic Silver Company Profile

First Majestic Silver Corp. is a mining company focused on the exploration, development and production of silver, gold and related metals. The company also produces and sells investment-grade silver bullion through its own minting and retail operations.

Founded in 2002 and headquartered in Vancouver, British Columbia, First Majestic has historically operated a portfolio of silver-producing mines in Mexico, including San Dimas in Durango, Santa Elena in Sonora and La Encantada in Coahuila.