What is Scotiabank’s Forecast for AG FY2026 Earnings?

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Analysts at Scotiabank decreased their FY2026 earnings estimates for shares of First Majestic Silver in a research note issued to investors on Thursday, May 14th. Scotiabank analyst E. Winmill now forecasts that the mining company will post earnings of $0.69 per share for the year, down from their prior estimate of $0.72. Scotiabank currently has a “Hold” rating on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.79 per share.

Several other brokerages also recently weighed in on AG. BMO Capital Markets upgraded First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. Wall Street Zen downgraded First Majestic Silver from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 4th. HC Wainwright increased their target price on First Majestic Silver to $30.75 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research downgraded First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Weiss Ratings raised shares of First Majestic Silver from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.25.

First Majestic Silver Stock Down 5.5%

Shares of NYSE:AG opened at $22.67 on Friday. The firm has a market capitalization of $11.18 billion, a PE ratio of 37.79 and a beta of 0.85. The business has a 50 day simple moving average of $21.71 and a two-hundred day simple moving average of $19.59. First Majestic Silver has a 1 year low of $5.49 and a 1 year high of $32.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.73 and a quick ratio of 2.41.

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

Institutional Investors Weigh In On First Majestic Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wealthspire Retirement LLC grew its position in shares of First Majestic Silver by 1.4% during the 4th quarter. Wealthspire Retirement LLC now owns 32,450 shares of the mining company’s stock worth $541,000 after buying an additional 450 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of First Majestic Silver by 36.4% in the first quarter. Parallel Advisors LLC now owns 2,100 shares of the mining company’s stock valued at $45,000 after acquiring an additional 560 shares in the last quarter. Harbour Investments Inc. lifted its stake in First Majestic Silver by 2.9% in the fourth quarter. Harbour Investments Inc. now owns 24,656 shares of the mining company’s stock worth $411,000 after acquiring an additional 697 shares during the period. Orion Porfolio Solutions LLC lifted its stake in First Majestic Silver by 3.0% in the fourth quarter. Orion Porfolio Solutions LLC now owns 24,999 shares of the mining company’s stock worth $416,000 after acquiring an additional 718 shares during the period. Finally, AdvisorNet Financial Inc grew its holdings in First Majestic Silver by 13.2% during the 1st quarter. AdvisorNet Financial Inc now owns 6,878 shares of the mining company’s stock worth $148,000 after acquiring an additional 804 shares in the last quarter. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 20th will be paid a $0.0171 dividend. This represents a $0.07 annualized dividend and a yield of 0.3%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, May 20th. First Majestic Silver’s payout ratio is currently 8.57%.

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.