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

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Cormark decreased their Q2 2024 earnings per share (EPS) estimates for First Majestic Silver in a report released on Wednesday, April 17th. Cormark analyst R. Gray now anticipates that the mining company will earn $0.04 per share for the quarter, down from their previous forecast of $0.05. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.01 per share.

Several other research firms have also recently weighed in on FR. TD Securities reduced their price objective on First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating for the company in a research report on Thursday, January 18th. BMO Capital Markets reduced their price objective on First Majestic Silver from C$8.00 to C$7.50 in a research report on Monday, February 26th.

First Majestic Silver Stock Down 0.4 %

FR stock opened at C$9.42 on Thursday. The company has a debt-to-equity ratio of 18.89, a current ratio of 2.57 and a quick ratio of 1.19. The stock has a market capitalization of C$2.70 billion, a P/E ratio of -14.49, a P/E/G ratio of 0.14 and a beta of 1.28. The business has a 50-day moving average of C$7.63 and a 200-day moving average of C$7.42. First Majestic Silver has a fifty-two week low of C$5.67 and a fifty-two week high of C$11.58.

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

First Majestic Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.006 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 annualized dividend and a dividend yield of 0.25%. First Majestic Silver’s dividend payout ratio is currently -4.62%.

First Majestic Silver Company Profile

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.