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

First Majestic Silver Corp. (NYSE:AG) (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.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Thursday, August 1st. The mining company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). First Majestic Silver had a negative net margin of 9.18% and a negative return on equity of 3.28%. The company had revenue of $136.20 million during the quarter, compared to analysts’ expectations of $129.74 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. First Majestic Silver’s revenue for the quarter was down 7.2% compared to the same quarter last year. Research analysts expect that First Majestic Silver will post -0.03 EPS for the current year.

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.

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.