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

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, May 17th will be given 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 0.21%. The ex-dividend date of this dividend is Thursday, May 16th.

First Majestic Silver has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Majestic Silver to earn $0.08 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 25.0%.

First Majestic Silver Price Performance

NYSE AG traded up $0.38 during trading hours on Thursday, reaching $7.49. The company’s stock had a trading volume of 9,811,279 shares, compared to its average volume of 8,667,541. The stock has a market cap of $2.15 billion, a PE ratio of -15.88 and a beta of 1.39. First Majestic Silver has a fifty-two week low of $4.17 and a fifty-two week high of $8.44. The company’s 50-day moving average is $6.32 and its two-hundred day moving average is $5.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.04 and a current ratio of 2.57.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Thursday, February 22nd. The mining company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $136.95 million for the quarter. First Majestic Silver had a negative net margin of 23.55% and a negative return on equity of 1.85%. During the same period in the previous year, the company posted ($0.07) earnings per share. Analysts forecast that First Majestic Silver will post -0.01 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on AG. HC Wainwright restated a “buy” rating and set a $8.50 price objective on shares of First Majestic Silver in a research note on Thursday. StockNews.com upgraded shares of First Majestic Silver to a “sell” rating in a research note on Monday, February 26th.

About First Majestic Silver

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.