First Majestic Silver (TSE:AG) Trading Down 0.8% – Should You Sell?

First Majestic Silver Corp. (TSE:AG)’s stock price was down 0.8% during mid-day trading on Friday . The company traded as low as C$7.67 and last traded at C$7.85. Approximately 747,923 shares changed hands during trading, a decline of 42% from the average daily volume of 1,289,633 shares. The stock had previously closed at C$7.91.

Wall Street Analyst Weigh In

Separately, TD Securities raised shares of First Majestic Silver to a “hold” rating in a research note on Monday, March 10th.

First Majestic Silver Price Performance

The stock has a market cap of C$2.66 billion, a P/E ratio of -20.35 and a beta of 1.36. The company has a fifty day moving average price of C$8.86 and a 200 day moving average price of C$8.58.

First Majestic Silver Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 30th will be issued a dividend of $0.0045 per share. The ex-dividend date is Friday, May 16th. This represents a $0.02 dividend on an annualized basis and a yield of 0.23%. First Majestic Silver’s dividend payout ratio (DPR) is -5.19%.

First Majestic Silver Company Profile

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.