First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR) declared a quarterly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Friday, August 16th will be paid a dividend of 0.0046 per share by the mining company on Friday, August 30th. This represents a $0.02 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Friday, August 16th.
First Majestic Silver has a dividend payout ratio of 5.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Majestic Silver to earn $0.20 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 5.0%.
First Majestic Silver Price Performance
NYSE:AG opened at $5.34 on Friday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -34.25 and a beta of 1.32. 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 has a 12-month low of $4.17 and a 12-month high of $8.44. The company’s 50-day moving average is $6.35 and its two-hundred day moving average is $6.04.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. HC Wainwright reissued a “buy” rating and issued a $8.50 price objective on shares of First Majestic Silver in a report on Friday. Scotiabank boosted their price objective on First Majestic Silver from $5.50 to $6.50 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd.
Read Our Latest Report on First Majestic Silver
First Majestic Silver Company Profile
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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