FY2026 Earnings Forecast for First Majestic Silver Corp. by Scotiabank

On January 8th, 2025, Scotiabank analysts provided their earnings per share (EPS) forecast for First Majestic Silver Corp. (NYSE:AG, TSE:FR). Analyst O. Habib predicts that the company will achieve an EPS of $0.38 for the fiscal year 2026. This forecast contrasts with the current consensus estimate, which predicts a loss of $0.17 per share for the full year.

In a separate analysis, HC Wainwright reasserted a "buy" rating for First Majestic Silver and set a price target of $11.00 for the company’s stock.

First Majestic Silver Performance Overview

The stock of First Majestic Silver opened at $5.84 on the last trading day. The firm has a debt-to-equity ratio of 0.16, indicating low leverage, alongside a current ratio of 3.03 and a quick ratio of 2.45, suggesting good short-term financial stability. Over the past year, the stock has fluctuated between a low of $4.17 and a high of $8.44, giving it a market capitalization of approximately $1.76 billion. The price-to-earnings (PE) ratio is currently recorded at -21.63 with a beta of 1.25, reflecting higher volatility relative to the overall market. Furthermore, the stock's fifty-day moving average is $6.09, while the two-hundred-day moving average sits at $6.10.

In the company's recent quarterly earnings report on November 7th, First Majestic Silver revealed an EPS of ($0.03), which was below the expected EPS of $0.09, leading to a negative return on equity of 4.19% and a net margin of -14.89%. The reported revenue for the quarter was $146.09 million.

Dividend Increase

First Majestic Silver recently announced an increase in its quarterly dividend. The company paid a dividend of $0.0048 on November 29th, with stockholders who were on record by November 15th receiving this payout. The new dividend translates to an annualized rate of $0.02 and a yield of 0.33%, which is an increase from prior dividends that had not been established. The ex-dividend date was also November 15th.

Institutional Participation

Several institutional investors have modified their positions in First Majestic Silver recently. Synovus Financial Corp. acquired a stake worth approximately $452,000 in the third quarter. In the same quarter, Tidal Investments LLC increased its ownership by 1.8%, now holding 5,780,689 shares valued at $34.68 million after adding 99,640 shares. Virtu Financial LLC reported a significant increase in holdings, growing by 95.9% to now own 136,356 shares worth around $818,000 after buying an additional 66,750 shares. Toronto Dominion Bank and Geode Capital Management LLC also increased their stakes by 6.7% and 9.8%, respectively. Overall, institutional investors control 27.16% of First Majestic Silver's stock.

Company Overview

First Majestic Silver Corp. focuses on the acquisition, exploration, development, and production of mineral properties primarily for silver and gold in North America. Major projects include the San Dimas mine in Durango State, the Santa Elena mine in Sonora State, and the La Encantada mine in Coahuila State, all located in Mexico.

Earnings, Forecast, Mining