First Majestic Silver Corp. Announces Quarterly Dividend of $0.01 (TSE:AG)

First Majestic Silver Corp. (TSE:AG) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.006 per share on Friday, November 29th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Friday, November 15th.

First Majestic Silver Stock Down 3.8 %

Shares of AG stock opened at C$9.02 on Friday. The stock has a market cap of C$2.72 billion, a P/E ratio of -25.06 and a beta of 1.36. The company has a 50 day moving average of C$9.01. First Majestic Silver has a twelve month low of C$6.23 and a twelve month high of C$11.18.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AG shares. BMO Capital Markets dropped their target price on shares of First Majestic Silver from C$9.00 to C$7.00 in a report on Saturday, September 7th. Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, September 6th. Finally, TD Securities decreased their price objective on shares of First Majestic Silver from C$8.50 to C$7.50 in a research report on Monday, September 9th.

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.