First Majestic Silver Corp. (NYSE:AG) Shares to Pay Quarterly Dividend of $0.01

First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Monday, November 16th will be given a dividend of $0.0142 per share by the mining company on Monday, November 30th. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, November 16th. This is a 6.6% decrease from First Majestic Silver’s previous quarterly dividend of $0.0152.

First Majestic Silver has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Majestic Silver to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 6.8%.

First Majestic Silver Trading Down 3.6%

NYSE AG traded down $0.56 on Thursday, reaching $14.84. The stock had a trading volume of 18,091,028 shares, compared to its average volume of 15,496,788. The company has a quick ratio of 2.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 20.89 and a beta of 0.98. The stock has a fifty day moving average price of $17.88 and a two-hundred day moving average price of $19.93. First Majestic Silver has a 12-month low of $10.72 and a 12-month high of $32.03.

Analyst Ratings Changes

AG has been the topic of several research analyst reports. HC Wainwright decreased their target price on shares of First Majestic Silver from $27.00 to $25.50 and set a “buy” rating on the stock in a research report on Friday, October 9th. Wall Street Zen downgraded shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Majestic Silver in a report on Wednesday, September 2nd. ATB Cormark Capital Markets upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 10th. Finally, Zacks Research downgraded First Majestic Silver from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.00.

Check Out Our Latest Research Report on First Majestic Silver

About First Majestic Silver

(Get Free Report)

First Majestic Silver Corp. is a mining company focused on the exploration, development, and production of silver and gold. The company operates producing mines in Mexico and the United States and sells silver bullion and related products through its in-house First Mint division.

First Majestic’s Mexican operations include the San Dimas Silver/Gold Mine in Durango, the Santa Elena Silver/Gold Mine in Sonora, and the La Encantada Silver Mine in Coahuila. The company also owns the Jerritt Canyon Gold Mine in Nevada, although operations there have been suspended while First Majestic evaluates its future.

Founded in 2002 and headquartered in Vancouver, British Columbia, First Majestic has historically concentrated its growth strategy on acquiring and developing precious-metals assets in the Americas.

Further Reading

Dividend History for First Majestic Silver (NYSE:AG)

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