First Majestic Silver (TSE:FR) Share Price Passes Above Fifty Day Moving Average of $8.02

Shares of First Majestic Silver Corp. (TSE:FR) (NYSE:AG) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$8.02 and traded as high as C$9.57. First Majestic Silver shares last traded at C$9.47, with a volume of 899,785 shares trading hands.

Analyst Ratings Changes

Several research firms have recently issued reports on FR. Cormark dropped their price target on shares of First Majestic Silver from C$8.00 to C$7.00 in a research note on Monday, February 26th. BMO Capital Markets dropped their price target on shares of First Majestic Silver from C$8.00 to C$7.50 in a research note on Monday, February 26th. Finally, TD Securities dropped their price target on shares of First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating for the company in a research note on Thursday, January 18th.

First Majestic Silver Stock Performance

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 company’s 50-day moving average price is C$8.09 and its two-hundred day moving average price is C$7.53. The company has a market capitalization of C$2.76 billion, a price-to-earnings ratio of -14.77, a PEG ratio of 0.14 and a beta of 1.28.

First Majestic Silver (TSE:FR) (NYSE:AG) last posted its quarterly earnings data on Thursday, February 22nd. The mining company reported C($0.04) earnings per share for the quarter, topping the consensus estimate of C($0.05) by C$0.01. First Majestic Silver had a negative net margin of 23.55% and a negative return on equity of 9.76%. The company had revenue of C$186.46 million during the quarter. On average, equities research analysts anticipate that First Majestic Silver Corp. will post 0.013104 EPS for the current fiscal year.

First Majestic Silver Dividend Announcement

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. This represents a $0.02 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Wednesday, March 13th. First Majestic Silver’s dividend payout ratio (DPR) is presently -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.