FY2026 Earnings Forecast for First Majestic Silver Corp. by Scotiabank

On January 11, 2025, Scotiabank released its earnings forecast for First Majestic Silver Corp. (NYSE:AG) for the fiscal year 2026. The research note indicated that Scotiabank analyst O. Habib projects the mining company will achieve an earnings per share (EPS) of $0.38. This forecast stands in contrast to the current consensus estimate for the full year, which is pegged at ($0.17) per share.

In a separate note, HC Wainwright maintained a "buy" rating for First Majestic Silver shares and set a price target of $11.00.

Performance Metrics of First Majestic Silver

As of last Friday, First Majestic Silver's shares opened at $5.84. Financial metrics reveal a debt-to-equity ratio of 0.16, a current ratio of 3.03, and a quick ratio of 2.45. Over the past year, the stock has reached a low of $4.17 and a high of $8.44. The company's market capitalization is approximately $1.76 billion, with a PE ratio of -21.63 and a beta of 1.25. The stock's fifty-day moving average is $6.09, while the 200-day average stands at $6.10.

First Majestic Silver's most recent quarterly earnings report was on November 7, when the company announced an EPS of ($0.03), falling short of the consensus estimate of $0.09 by ($0.12). At the time, it reported a negative return on equity of 4.19% and a negative net margin of 14.89%, with revenues recorded at $146.09 million.

Dividend Announcement

The company has also made headlines by increasing its quarterly dividend, which was paid on November 29. Shareholders of record on November 15 received a dividend of $0.0048, translating to a $0.02 annualized dividend yield of 0.33%. This increase marks a shift from First Majestic Silver’s previous quarterly dividend of zero. The ex-dividend date was set for November 15, and the company's payout ratio stands at -3.70%.

Institutional Investment Trends

Recent activity among institutional investors indicates growing interest in First Majestic Silver. Synovus Financial Corp recently established a new stake worth about $452,000 during the third quarter. Meanwhile, Tidal Investments LLC increased its holdings by 1.8% and now controls 5,780,689 shares valued at approximately $34.68 million after acquiring an additional 99,640 shares. Other notable institutional activities include Virtu Financial LLC, which expanded its stake by 95.9%, now owning 136,356 shares valued at around $818,000. Additionally, Toronto Dominion Bank boosted its shares by 6.7%, while Geode Capital Management LLC increased its stake by 9.8%. Overall, institutional investors and hedge funds collectively own 27.16% of First Majestic Silver’s stock.

About First Majestic Silver

First Majestic Silver Corp. focuses on the acquisition, exploration, development, and production of mineral resources, particularly silver and gold, in North America. The company's key projects include the San Dimas mine in Durango State, Mexico, covering approximately 71,867 hectares; the Santa Elena mine in Sonora State, Mexico, spanning around 102,244 hectares; and the La Encantada mine located in Coahuila State, Mexico, which covers roughly 4,076 hectares.

Earnings, Forecast, Stock