Q2 2024 Earnings Forecast for First Majestic Silver Corp. (TSE:FR) Issued By Cormark

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Stock analysts at Cormark lowered their Q2 2024 earnings per share (EPS) estimates for shares of First Majestic Silver in a research note issued to investors on Wednesday, April 17th. Cormark analyst R. Gray now expects that the mining company will post earnings per share of $0.04 for the quarter, down from their prior estimate of $0.05. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.01 per share.

A number of other research analysts have also commented on the company. TD Securities decreased their price objective on First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating on the stock in a research report on Thursday, January 18th. BMO Capital Markets dropped their price objective on First Majestic Silver from C$8.00 to C$7.50 in a research note on Monday, February 26th.

First Majestic Silver Stock Down 0.5 %

Shares of FR opened at C$9.28 on Thursday. The firm has a market capitalization of C$2.66 billion, a price-to-earnings ratio of -14.28, a PEG ratio of 0.14 and a beta of 1.28. The company has a debt-to-equity ratio of 18.89, a quick ratio of 1.19 and a current ratio of 2.57. The business’s fifty day moving average price is C$7.75 and its two-hundred day moving average price is C$7.45. First Majestic Silver has a 52 week low of C$5.67 and a 52 week high of C$11.58.

First Majestic Silver (TSE:FR) (NYSE:AG) last announced its quarterly earnings data on Thursday, February 22nd. The mining company reported C($0.04) EPS for the quarter, beating analysts’ consensus estimates of C($0.05) by C$0.01. The firm had revenue of C$186.46 million for the quarter. First Majestic Silver had a negative return on equity of 9.76% and a negative net margin of 23.55%.

First Majestic Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.006 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Wednesday, March 13th. First Majestic Silver’s dividend payout ratio is -4.62%.

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.