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

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $23.75.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AG. Alberta Investment Management Corp grew its stake in shares of First Majestic Silver by 6.9% in the 3rd quarter. Alberta Investment Management Corp now owns 132,855 shares of the mining company’s stock worth $2,351,000 after buying an additional 8,590 shares in the last quarter. Harbour Investments Inc. grew its position in First Majestic Silver by 3.1% in the 3rd quarter. Harbour Investments Inc. now owns 28,472 shares of the mining company’s stock valued at $504,000 after acquiring an additional 859 shares during the last quarter. Moors & Cabot Inc. increased its stake in First Majestic Silver by 4.5% in the 3rd quarter. Moors & Cabot Inc. now owns 26,620 shares of the mining company’s stock worth $471,000 after buying an additional 1,150 shares during the period. Russell Investments Group Ltd. raised its stake in shares of First Majestic Silver by 14.8% during the third quarter. Russell Investments Group Ltd. now owns 60,317 shares of the mining company’s stock valued at $1,070,000 after acquiring an additional 7,774 shares in the last quarter. Finally, Euro Pacific Asset Management LLC raised its position in First Majestic Silver by 21.6% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 70,904 shares of the mining company’s stock valued at $1,254,000 after purchasing an additional 12,571 shares in the last quarter. 27.16% of the stock is currently owned by institutional investors.

First Majestic Silver Price Performance

Shares of First Majestic Silver stock opened at $15.88 on Tuesday. The business has a 50 day moving average of $17.53 and a 200 day moving average of $19.83. The company has a market cap of $7.83 billion, a PE ratio of 19.85 and a beta of 0.98. 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.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, November 5th. The mining company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. First Majestic Silver had a net margin of 21.18% and a return on equity of 13.36%. The company had revenue of $394.10 million for the quarter, compared to analysts’ expectations of $390.00 million. As a group, equities research analysts forecast that First Majestic Silver will post 0.80 earnings per share for the current year.

First Majestic Silver Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.0142 dividend. This represents a $0.06 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, November 16th. This is a decrease from First Majestic Silver’s previous quarterly dividend of $0.0152. First Majestic Silver’s dividend payout ratio is presently 7.50%.

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.