First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.004 per share by the mining company on Friday, June 7th. This represents a $0.02 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Thursday, May 16th.
First Majestic Silver has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Majestic Silver to earn $0.08 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 25.0%.
First Majestic Silver Stock Up 5.2 %
NYSE AG traded up $0.37 during trading on Thursday, hitting $7.48. The company’s stock had a trading volume of 8,563,133 shares, compared to its average volume of 8,655,714. First Majestic Silver has a fifty-two week low of $4.17 and a fifty-two week high of $8.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.57 and a quick ratio of 2.04. The company has a market cap of $2.15 billion, a PE ratio of -15.88 and a beta of 1.39. The business’s 50 day simple moving average is $6.32 and its 200-day simple moving average is $5.64.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. StockNews.com raised First Majestic Silver to a “sell” rating in a report on Monday, February 26th. HC Wainwright reissued a “buy” rating and issued a $8.50 price objective on shares of First Majestic Silver in a report on Thursday.
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.
Featured Stories
- Five stocks we like better than First Majestic Silver
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Roblox: The Bottom Just Fell Out of the Metaverse
- The How and Why of Investing in Gold Stocks
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- What does consumer price index measure?
- Uber’s Earnings Drop Is Investors Opportunity
Receive News & Ratings for First Majestic Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with MarketBeat.com's FREE daily email newsletter.