First Majestic Silver Corp. (AG) To Go Ex-Dividend on August 16th

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) announced a quarterly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Friday, August 16th will be given a dividend of 0.0046 per share by the mining company on Friday, August 30th. This represents a $0.02 annualized dividend and a yield of 0.34%. The ex-dividend date is Friday, August 16th.

First Majestic Silver has a payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Majestic Silver to earn $0.20 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 10.0%.

First Majestic Silver Trading Up 3.3 %

AG stock opened at $5.35 on Wednesday. First Majestic Silver has a twelve month low of $4.17 and a twelve month high of $8.44. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -33.44 and a beta of 1.32. The company has a quick ratio of 1.77, a current ratio of 2.33 and a debt-to-equity ratio of 0.18. The firm’s fifty day simple moving average is $6.01 and its two-hundred day simple moving average is $6.06.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Thursday, August 1st. The mining company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). First Majestic Silver had a negative net margin of 15.37% and a negative return on equity of 4.41%. The business had revenue of $136.20 million for the quarter, compared to analysts’ expectations of $129.74 million. During the same quarter last year, the firm earned ($0.02) EPS. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, analysts anticipate that First Majestic Silver will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. HC Wainwright reiterated a “buy” rating and issued a $8.50 target price on shares of First Majestic Silver in a research note on Friday, August 2nd. Scotiabank lifted their price objective on shares of First Majestic Silver from $5.50 to $6.50 and gave the company a “sector perform” rating in a report on Thursday, May 23rd.

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.