First Majestic Silver Corp. (TSE:FR) Declares $0.01 Quarterly Dividend

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.005 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 0.20%. The ex-dividend date of this dividend is Thursday, May 16th.

First Majestic Silver Price Performance

TSE:FR traded up C$0.39 during midday trading on Thursday, hitting C$10.15. 632,767 shares of the stock were exchanged, compared to its average volume of 853,831. The business has a 50-day moving average price of C$8.62 and a two-hundred day moving average price of C$7.65. The company has a current ratio of 2.57, a quick ratio of 1.19 and a debt-to-equity ratio of 18.89. The company has a market capitalization of C$2.91 billion, a price-to-earnings ratio of -16.00, a P/E/G ratio of 0.14 and a beta of 1.28. First Majestic Silver has a one year low of C$5.67 and a one year high of C$11.58.

First Majestic Silver (TSE:FR) (NYSE:AG) last announced its quarterly earnings data on Thursday, February 22nd. The mining company reported C($0.04) earnings per share for the quarter, beating the consensus estimate of C($0.05) by C$0.01. First Majestic Silver had a negative return on equity of 9.76% and a negative net margin of 23.55%. The business had revenue of C$186.46 million during the quarter. Sell-side analysts predict that First Majestic Silver will post 0.013104 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on FR shares. BMO Capital Markets decreased their price target on shares of First Majestic Silver from C$8.00 to C$7.50 in a research report on Monday, February 26th. Cormark reduced their target price on First Majestic Silver from C$8.00 to C$7.00 in a report on Monday, February 26th. Finally, TD Securities dropped their price target on First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating on the stock in a research note on Thursday, January 18th.

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.