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. StockNews.com 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

(Get Free Report)

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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