First Majestic Silver Corp. (AG) To Go Ex-Dividend on February 27th

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Friday, February 27th will be given a dividend of 0.0083 per share by the mining company on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, February 27th. This is a 59.6% increase from First Majestic Silver’s previous quarterly dividend of $0.0052.

First Majestic Silver has a dividend payout ratio of 12.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Majestic Silver to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 3.8%.

First Majestic Silver Trading Up 0.1%

NYSE:AG traded up $0.03 on Wednesday, hitting $29.54. 3,857,904 shares of the stock were exchanged, compared to its average volume of 27,735,674. The stock has a fifty day moving average of $21.02 and a 200-day moving average of $15.13. First Majestic Silver has a fifty-two week low of $5.09 and a fifty-two week high of $30.15. The company has a current ratio of 3.38, a quick ratio of 2.96 and a debt-to-equity ratio of 0.07. The stock has a market cap of $14.56 billion, a PE ratio of 84.40 and a beta of 0.85.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, February 19th. The mining company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $463.92 million during the quarter, compared to analyst estimates of $561.30 million. First Majestic Silver had a return on equity of 7.41% and a net margin of 13.12%.The company’s revenue for the quarter was up 169.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 earnings per share. As a group, equities analysts expect that First Majestic Silver will post 0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Majestic Silver

Institutional investors and hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas acquired a new stake in shares of First Majestic Silver during the third quarter worth approximately $55,071,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its holdings in shares of First Majestic Silver by 120.8% during the third quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 93,600 shares of the mining company’s stock worth $1,150,000 after purchasing an additional 51,200 shares during the last quarter. FORA Capital LLC increased its stake in shares of First Majestic Silver by 1,216.2% in the second quarter. FORA Capital LLC now owns 340,695 shares of the mining company’s stock valued at $2,818,000 after buying an additional 314,811 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of First Majestic Silver by 108.7% in the third quarter. Alps Advisors Inc. now owns 7,203,207 shares of the mining company’s stock valued at $88,527,000 after buying an additional 3,751,376 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in First Majestic Silver during the 3rd quarter worth about $1,045,000. Institutional investors own 27.16% of the company’s stock.

About First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.