First Majestic Silver Corp. (AG) to Issue Quarterly Dividend of $0.01 on November 28th

First Majestic Silver Corp. (TSE:AG) announced a quarterly dividend on Friday, November 14th, TickerTech Dividends reports. Shareholders of record on Friday, November 28th will be paid a dividend of 0.0052 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, November 14th.

First Majestic Silver Stock Performance

Shares of TSE AG traded up C$0.98 during midday trading on Wednesday, reaching C$17.72. The company’s stock had a trading volume of 1,147,434 shares, compared to its average volume of 1,656,430. The business’s 50 day moving average price is C$16.65 and its two-hundred day moving average price is C$12.81. The company has a market cap of C$8.68 billion, a P/E ratio of 126.57 and a beta of 1.61. First Majestic Silver has a fifty-two week low of C$7.40 and a fifty-two week high of C$22.02.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AG shares. National Bankshares upgraded shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$20.00 to C$22.00 in a research note on Monday, October 6th. TD Securities upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating and increased their price target for the stock from C$14.00 to C$22.00 in a research report on Wednesday, October 8th. ATB Capital upgraded shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$47.00 to C$52.00 in a research report on Wednesday, August 6th. National Bank Financial raised First Majestic Silver from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 5th. Finally, Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, First Majestic Silver presently has an average rating of “Buy” and an average target price of C$27.80.

About First Majestic Silver

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.