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

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

First Majestic Silver has a dividend payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities 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

First Majestic Silver stock traded up $0.37 during midday trading on Thursday, hitting $7.48. The company’s stock had a trading volume of 8,563,133 shares, compared to its average volume of 8,655,714. First Majestic Silver has a 12 month low of $4.17 and a 12 month high of $8.44. The company has a quick ratio of 2.04, a current ratio of 2.57 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $6.32 and its 200-day moving average price is $5.64. The company has a market capitalization of $2.15 billion, a PE ratio of -15.88 and a beta of 1.39.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AG shares. HC Wainwright reiterated a “buy” rating and set a $8.50 price target on shares of First Majestic Silver in a report on Thursday. StockNews.com upgraded shares of First Majestic Silver to a “sell” rating in a research note on Monday, February 26th.

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.