First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR) declared a quarterly dividend on Thursday, August 1st, NASDAQ reports. Shareholders 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 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Friday, August 16th.
First Majestic Silver has a payout ratio of 10.5% indicating that 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 $0.02 annual dividend with an expected future payout ratio of 10.0%.
First Majestic Silver Trading Up 0.2 %
Shares of NYSE AG opened at $5.36 on Thursday. The business has a 50 day simple moving average of $5.98 and a 200 day simple moving average of $6.06. First Majestic Silver has a 52 week low of $4.17 and a 52 week high of $8.44. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -33.50 and a beta of 1.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.33.
First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last released its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). First Majestic Silver had a negative net margin of 15.37% and a negative return on equity of 4.41%. The business had revenue of $136.20 million during the quarter, compared to analyst estimates of $129.74 million. During the same period in the previous year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, research analysts predict that First Majestic Silver will post -0.03 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Scotiabank upped their price target on shares of First Majestic Silver from $5.50 to $6.50 and gave the company a “sector perform” rating in a report on Thursday, May 23rd. HC Wainwright restated a “buy” rating and set a $8.50 target price on shares of First Majestic Silver in a research note on Friday, August 2nd.
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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