First Majestic Silver Corp. (AG) To Go Ex-Dividend on November 14th

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) announced a quarterly dividend on Tuesday, November 4th. Stockholders of record on Friday, November 14th will be paid a dividend of 0.0052 per share by the mining company on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, November 14th. This is a 8.3% increase from First Majestic Silver’s previous quarterly dividend of $0.0048.

First Majestic Silver has a dividend payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Majestic Silver to earn $0.80 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 1.3%.

First Majestic Silver Trading Up 3.7%

First Majestic Silver stock traded up $0.40 during mid-day trading on Thursday, hitting $11.07. The stock had a trading volume of 11,693,399 shares, compared to its average volume of 21,253,248. The company has a current ratio of 3.27, a quick ratio of 2.84 and a debt-to-equity ratio of 0.08. First Majestic Silver has a 12 month low of $5.09 and a 12 month high of $15.69. The stock has a market capitalization of $5.42 billion, a PE ratio of -1,105.39 and a beta of 0.79. The stock has a 50-day simple moving average of $11.77 and a two-hundred day simple moving average of $9.09.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Wednesday, November 5th. The mining company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $285.10 million during the quarter, compared to the consensus estimate of $429.78 million. First Majestic Silver had a net margin of 1.78% and a return on equity of 1.72%. The company’s revenue was up 95.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) EPS. As a group, sell-side analysts forecast that First Majestic Silver will post 0.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on AG. BMO Capital Markets reissued a “market perform” rating on shares of First Majestic Silver in a report on Tuesday, October 7th. TD Securities raised shares of First Majestic Silver from a “hold” rating to a “buy” rating in a research note on Wednesday, October 8th. National Bank Financial upgraded shares of First Majestic Silver from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 5th. Cormark downgraded shares of First Majestic Silver from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, HC Wainwright set a $17.50 price target on shares of First Majestic Silver in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, First Majestic Silver has an average rating of “Moderate Buy” and a consensus target price of $17.33.

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.