First Majestic Silver Corp. (NYSE:AG) Stock Has Consensus Price Target of $24.00 According to Analysts

Shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) have earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.75.

AG has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of First Majestic Silver in a research report on Wednesday, September 2nd. HC Wainwright lowered their target price on shares of First Majestic Silver from $25.50 to $25.00 and set a “buy” rating for the company in a research note on Friday. Wall Street Zen downgraded shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research downgraded shares of First Majestic Silver from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Finally, Scotiabank decreased their price objective on shares of First Majestic Silver from $23.00 to $22.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th.

Institutional Trading of First Majestic Silver

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in shares of First Majestic Silver by 184.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the mining company’s stock valued at $32,000 after buying an additional 978 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in First Majestic Silver in the third quarter valued at $39,000. Parallel Advisors LLC lifted its position in First Majestic Silver by 36.4% in the first quarter. Parallel Advisors LLC now owns 2,100 shares of the mining company’s stock valued at $45,000 after acquiring an additional 560 shares during the last quarter. Bard Associates Inc. purchased a new stake in First Majestic Silver in the second quarter valued at $53,000. Finally, Trust Co. of Vermont acquired a new position in First Majestic Silver in the second quarter valued at $61,000. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Price Performance

NYSE:AG opened at $15.16 on Tuesday. The company has a quick ratio of 2.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.08. First Majestic Silver has a 52 week low of $10.72 and a 52 week high of $32.03. The stock’s 50-day moving average price is $17.63 and its 200-day moving average price is $19.86. The stock has a market capitalization of $7.48 billion, a PE ratio of 18.95 and a beta of 0.98.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Thursday, November 5th. The mining company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $394.10 million for the quarter, compared to the consensus estimate of $390.00 million. First Majestic Silver had a return on equity of 14.90% and a net margin of 22.58%. As a group, equities analysts expect that First Majestic Silver will post 0.80 EPS for the current fiscal year.

First Majestic Silver Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a $0.0142 dividend. The ex-dividend date of this dividend is Monday, November 16th. This is a negative change from First Majestic Silver’s previous quarterly dividend of $0.0152. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. First Majestic Silver’s payout ratio is 8.45%.

First Majestic Silver Company Profile

First Majestic Silver Corp. is a Canadian mining company focused on exploring, developing and operating silver and gold mines. Its operations are primarily in Mexico, where it produces and sells silver and gold, along with other metals recovered as byproducts.

The company’s Mexican mine portfolio includes San Dimas, Santa Elena, La Encantada and Cerro Los Gatos. First Majestic added Cerro Los Gatos through its acquisition of Gatos Silver, completed in 2025.

Founded in 2002, First Majestic is headquartered in Vancouver, British Columbia.