Cormark Equities Analysts Reduce Earnings Estimates for AG

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Stock analysts at Cormark decreased their Q4 2024 EPS estimates for shares of First Majestic Silver in a research report issued to clients and investors on Tuesday, February 18th. Cormark analyst R. Gray now expects that the mining company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.11. The consensus estimate for First Majestic Silver’s current full-year earnings is ($0.16) per share. Cormark also issued estimates for First Majestic Silver’s Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.46 EPS.

Several other brokerages have also recently weighed in on AG. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a research report 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 for the company in a research report on Wednesday, January 15th.

First Majestic Silver Price Performance

First Majestic Silver stock opened at $5.39 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. First Majestic Silver has a 1 year low of $4.28 and a 1 year high of $8.44. The firm has a 50-day moving average of $5.73 and a two-hundred day moving average of $6.01.

Institutional Investors Weigh In On First Majestic Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in First Majestic Silver by 6.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 88,896 shares of the mining company’s stock valued at $488,000 after acquiring an additional 5,099 shares during the last quarter. Two Sigma Advisers LP lifted its position in First Majestic Silver by 90.6% during the fourth quarter. Two Sigma Advisers LP now owns 118,715 shares of the mining company’s stock valued at $652,000 after acquiring an additional 56,415 shares during the last quarter. Two Sigma Investments LP lifted its position in First Majestic Silver by 46.8% during the fourth quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company’s stock valued at $24,463,000 after acquiring an additional 1,420,937 shares during the last quarter. Tidal Investments LLC lifted its position in First Majestic Silver by 135.2% during the fourth quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company’s stock valued at $74,647,000 after acquiring an additional 7,816,177 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in First Majestic Silver by 57.4% during the fourth quarter. Toronto Dominion Bank now owns 46,269 shares of the mining company’s stock valued at $254,000 after acquiring an additional 16,865 shares during the last quarter. 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.