What is HC Wainwright’s Forecast for AG FY2025 Earnings?

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Research analysts at HC Wainwright increased their FY2025 EPS estimates for First Majestic Silver in a report released on Friday, November 8th. HC Wainwright analyst H. Ihle now expects that the mining company will post earnings of $0.14 per share for the year, up from their previous estimate of $0.09. HC Wainwright has a “Buy” rating and a $8.50 price objective on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is ($0.13) per share.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). First Majestic Silver had a negative return on equity of 4.20% and a negative net margin of 14.89%. The company had revenue of $146.09 million during the quarter.

Separately, Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, September 6th.

First Majestic Silver Stock Up 1.4 %

Shares of NYSE AG opened at $6.30 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.05 and a quick ratio of 2.44. The stock has a market capitalization of $1.90 billion, a PE ratio of -23.31 and a beta of 1.31. First Majestic Silver has a one year low of $4.17 and a one year high of $8.44. The business’s fifty day moving average price is $6.43 and its 200-day moving average price is $6.36.

Hedge Funds Weigh In On First Majestic Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of First Majestic Silver by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company’s stock valued at $61,456,000 after purchasing an additional 186,570 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of First Majestic Silver during the second quarter worth approximately $3,904,000. Virtu Financial LLC bought a new stake in shares of First Majestic Silver in the 1st quarter worth approximately $1,373,000. Dimensional Fund Advisors LP lifted its stake in shares of First Majestic Silver by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,158,908 shares of the mining company’s stock valued at $18,701,000 after acquiring an additional 103,232 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of First Majestic Silver by 17.7% in the 3rd quarter. Raymond James & Associates now owns 558,096 shares of the mining company’s stock valued at $3,349,000 after acquiring an additional 83,867 shares during the last quarter. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.0048 per share. The ex-dividend date is Friday, November 15th. This represents a $0.02 annualized dividend and a yield of 0.31%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s payout ratio is currently -3.70%.

First Majestic Silver Company Profile

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.