AG FY2025 EPS Forecast Lifted by National Bank Financial

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Equities researchers at National Bank Financial raised their FY2025 earnings per share estimates for shares of First Majestic Silver in a research note issued on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the mining company will post earnings of $0.62 per share for the year, up from their previous forecast of $0.61. The consensus estimate for First Majestic Silver’s current full-year earnings is ($0.16) per share.

A number of other equities research analysts also recently issued reports on AG. Scotiabank cut their target price on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 15th. HC Wainwright reiterated a “buy” rating and set a $11.00 price objective on shares of First Majestic Silver in a report on Friday, January 10th.

First Majestic Silver Price Performance

NYSE AG opened at $5.62 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45. The company has a 50 day simple moving average of $5.80 and a 200-day simple moving average of $6.02. First Majestic Silver has a 52-week low of $4.17 and a 52-week high of $8.44.

Institutional Investors Weigh In On First Majestic Silver

Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank lifted its position in First Majestic Silver by 6.7% during the 3rd quarter. Toronto Dominion Bank now owns 29,404 shares of the mining company’s stock worth $176,000 after acquiring an additional 1,855 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of First Majestic Silver by 77.3% during the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock worth $31,000 after purchasing an additional 2,253 shares during the period. CIBC Asset Management Inc raised its holdings in First Majestic Silver by 0.6% in the 4th quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company’s stock valued at $2,030,000 after acquiring an additional 2,288 shares in the last quarter. Veracity Capital LLC raised its stake in shares of First Majestic Silver by 18.5% in the 3rd quarter. Veracity Capital LLC now owns 17,344 shares of the mining company’s stock valued at $104,000 after buying an additional 2,710 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in shares of First Majestic Silver by 19.6% during the 4th quarter. Moors & Cabot Inc. now owns 17,100 shares of the mining company’s stock worth $94,000 after acquiring an additional 2,800 shares during the period. 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.