First Majestic Silver Corp. (TSE:AG) Plans $0.02 Quarterly Dividend

First Majestic Silver Corp. (TSE:AG) announced a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 14th.

First Majestic Silver Stock Performance

TSE AG traded up C$0.62 during trading on Wednesday, hitting C$27.01. The stock had a trading volume of 277,316 shares, compared to its average volume of 1,892,254. First Majestic Silver has a 12 month low of C$11.57 and a 12 month high of C$43.69. The company’s 50-day moving average price is C$23.99 and its two-hundred day moving average price is C$28.48. The company has a market capitalization of C$13.31 billion, a PE ratio of 38.59 and a beta of 2.75.

First Majestic Silver (TSE:AG) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.30 earnings per share 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. As a group, equities analysts anticipate that First Majestic Silver will post 0.4623323 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

First Majestic Silver Company Profile

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.