AG FY2024 EPS Forecast Raised by National Bank Financial

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Equities researchers at National Bank Financial raised their FY2024 earnings estimates for shares of First Majestic Silver in a note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now anticipates that the mining company will post earnings of ($0.11) per share for the year, up from their prior estimate of ($0.12). The consensus estimate for First Majestic Silver’s current full-year earnings is ($0.16) per share. National Bank Financial also issued estimates for First Majestic Silver’s Q4 2024 earnings at $0.06 EPS.

AG has been the subject of several other research reports. HC Wainwright reiterated a “buy” rating and set a $11.00 price target on shares of First Majestic Silver in a research note on Friday, January 10th. Scotiabank lowered their price target on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 15th.

First Majestic Silver Trading Up 3.2 %

Shares of AG stock opened at $5.79 on Thursday. The company has a 50 day moving average of $5.79 and a 200-day moving average of $6.02. First Majestic Silver has a 12-month low of $4.17 and a 12-month high of $8.44. The firm has a market cap of $1.81 billion, a P/E ratio of -21.44 and a beta of 1.24. The company has a quick ratio of 2.45, a current ratio of 3.03 and a debt-to-equity ratio of 0.16.

Institutional Trading of First Majestic Silver

A number of institutional investors have recently added to or reduced their stakes in the stock. Creative Planning bought a new stake in shares of First Majestic Silver during the third quarter valued at about $72,000. Blue Trust Inc. increased its holdings in 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 acquiring an additional 2,253 shares during the period. Raymond James & Associates lifted its stake in First Majestic Silver by 17.7% in the 3rd quarter. Raymond James & Associates now owns 558,096 shares of the mining company’s stock worth $3,349,000 after purchasing an additional 83,867 shares in the last quarter. Veracity Capital LLC boosted its holdings in 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 purchasing an additional 2,710 shares during the period. Finally, Corundum Trust Company INC purchased a new position in shares of First Majestic Silver during the 3rd quarter valued at $72,000. Hedge funds and other institutional investors own 27.16% of the company’s stock.

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.