First Majestic Silver Corp. (NYSE:AG – Free Report) (TSE:FR) – Analysts at National Bank Financial issued their Q4 2023 earnings estimates for First Majestic Silver in a research note issued on Monday, February 5th. National Bank Financial analyst D. Demarco forecasts that the mining company will post earnings of ($0.07) per share for the quarter. The consensus estimate for First Majestic Silver’s current full-year earnings is $0.01 per share. National Bank Financial also issued estimates for First Majestic Silver’s FY2024 earnings at ($0.26) EPS.
Other equities research analysts have also issued reports about the stock. HC Wainwright lowered their price objective on shares of First Majestic Silver from $12.00 to $6.75 and set a “buy” rating for the company in a report on Friday, January 19th. StockNews.com upgraded shares of First Majestic Silver to a “sell” rating in a report on Friday, January 5th.
First Majestic Silver Trading Down 1.4 %
Shares of AG opened at $4.59 on Thursday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -7.90 and a beta of 1.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.37 and a current ratio of 2.97. First Majestic Silver has a fifty-two week low of $4.38 and a fifty-two week high of $8.07. The firm has a 50 day moving average price of $5.51 and a 200-day moving average price of $5.55.
Institutional Investors Weigh In On First Majestic Silver
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in First Majestic Silver by 19,900.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,000 shares of the mining company’s stock valued at $33,000 after buying an additional 3,980 shares during the last quarter. Money Concepts Capital Corp bought a new stake in First Majestic Silver during the 4th quarter valued at $33,000. JPMorgan Chase & Co. increased its position in First Majestic Silver by 5,383.0% during the 1st quarter. JPMorgan Chase & Co. now owns 4,825 shares of the mining company’s stock valued at $63,000 after purchasing an additional 4,737 shares during the period. Coppell Advisory Solutions LLC purchased a new position in First Majestic Silver during the 2nd quarter valued at $27,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in First Majestic Silver during the 4th quarter valued at $42,000. 31.43% of the stock is currently owned by institutional investors.
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 that consists of 119 individual concessions covering an area of 71,839 hectares located in Durango and Sinaloa States, México; the Santa Elena comprising 32 individual concessions that covers an area of 102,172 hectares located in Sonora State, México; and the La Encantada consists of 22 exploitation concessions covering an area of 4,076 hectares located in Coahuila State, México.
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