Cormark Expects Increased Earnings for First Majestic Silver

First Majestic Silver Corp. (TSE:AG) – Investment analysts at Cormark upped their Q4 2024 earnings per share estimates for shares of First Majestic Silver in a research note issued on Friday, November 8th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.13. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.46 per share.

AG has been the subject of a number of other research reports. TD Securities lowered their target price on First Majestic Silver from C$8.50 to C$7.50 in a research note on Monday, September 9th. BMO Capital Markets lowered their price objective on First Majestic Silver from C$9.00 to C$7.00 in a research note on Saturday, September 7th.

First Majestic Silver Trading Up 1.5 %

AG opened at C$8.78 on Monday. The stock has a market cap of C$2.65 billion, a PE ratio of -24.03 and a beta of 1.36. The company has a 50 day moving average price of C$9.00. First Majestic Silver has a 52 week low of C$6.23 and a 52 week high of C$11.18.

First Majestic Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be given a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, November 15th. First Majestic Silver’s dividend payout ratio (DPR) is presently -5.56%.

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.