First Majestic Silver Corp. (NYSE:AG) Announces Quarterly Dividend of $0.00

First Majestic Silver Corp. (NYSE:AGGet Free Report) (TSE:FR) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.004 per share by the mining company on Friday, June 7th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, May 16th.

First Majestic Silver has a payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Majestic Silver to earn $0.11 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 9.1%.

First Majestic Silver Price Performance

AG stock traded down $0.03 during trading on Wednesday, hitting $7.25. The company had a trading volume of 1,866,518 shares, compared to its average volume of 8,573,138. The company has a fifty day moving average price of $6.52 and a two-hundred day moving average price of $5.69. First Majestic Silver has a fifty-two week low of $4.17 and a fifty-two week high of $8.44. The company has a market cap of $2.08 billion, a P/E ratio of -45.43 and a beta of 1.39. The company has a current ratio of 2.33, a quick ratio of 1.77 and a debt-to-equity ratio of 0.18.

First Majestic Silver (NYSE:AGGet Free Report) (TSE:FR) last announced its earnings results on Thursday, February 22nd. The mining company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. First Majestic Silver had a negative return on equity of 3.28% and a negative net margin of 9.18%. The company had revenue of $136.95 million during the quarter. During the same quarter last year, the business posted ($0.07) earnings per share. Equities research analysts expect that First Majestic Silver will post -0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. HC Wainwright restated a “buy” rating and set a $8.50 target price on shares of First Majestic Silver in a research report on Thursday, May 9th. raised shares of First Majestic Silver to a “sell” rating in a research report on Monday, February 26th.

Read Our Latest Research Report on AG

First Majestic Silver Company Profile

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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.

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Dividend History for First Majestic Silver (NYSE:AG)

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