First Majestic Silver (TSE:AG) Upgraded by National Bank Financial to Hold Rating

National Bank Financial upgraded shares of First Majestic Silver (TSE:AG) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

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

First Majestic Silver Stock Performance

TSE AG opened at C$11.32 on Thursday. The stock has a fifty day moving average of C$8.84 and a 200-day moving average of C$8.62. The stock has a market capitalization of C$3.83 billion, a P/E ratio of -29.35 and a beta of 1.36. First Majestic Silver has a 52 week low of C$6.23 and a 52 week high of C$11.85.

First Majestic Silver Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were issued a dividend of $0.0045 per share. The ex-dividend date was Friday, May 16th. This represents a $0.02 annualized dividend and a yield of 0.16%. First Majestic Silver’s payout ratio is presently -5.19%.

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.