First Majestic Silver Corp. (AG) to Distribute Quarterly Dividend of $0.02 on August 31st

First Majestic Silver Corp. (TSE:AG) declared a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Investors of record on Monday, August 31st will be paid a dividend of 0.0152 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 14th.

First Majestic Silver Stock Up 2.5%

AG stock traded up C$0.66 during mid-day trading on Wednesday, reaching C$27.05. The company had a trading volume of 304,594 shares, compared to its average volume of 1,893,198. The stock has a market capitalization of C$13.33 billion, a P/E ratio of 38.64 and a beta of 2.75. First Majestic Silver has a one year low of C$11.57 and a one year high of C$43.69. The stock’s 50-day simple moving average is C$23.99 and its two-hundred day simple moving average is C$28.48.

First Majestic Silver (TSE:AG) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.30 earnings per share (EPS) for the quarter. First Majestic Silver had a net margin of 21.09% and a return on equity of 12.27%. The company had revenue of C$590.33 million during the quarter. On average, research analysts forecast that First Majestic Silver will post 0.4623323 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AG shares. ATB Cormark Capital Markets raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating and boosted their target price for the company from C$36.00 to C$37.00 in a research note on Friday, July 10th. Scotiabank upgraded shares of First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$30.40.

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.