First Majestic Silver Corp. (TSE:FR – Get Free Report) (NYSE:AG) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$6.59 and traded as high as C$7.86. First Majestic Silver shares last traded at C$7.36, with a volume of 1,007,270 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. TD Securities decreased their price objective on shares of First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating on the stock in a report on Thursday, January 18th. BMO Capital Markets decreased their price target on First Majestic Silver from C$8.00 to C$7.50 in a research note on Monday, February 26th. Finally, Cormark dropped their price objective on First Majestic Silver from C$8.00 to C$7.00 in a research note on Monday, February 26th.
Read Our Latest Stock Analysis on First Majestic Silver
First Majestic Silver Stock Performance
The stock has a market cap of C$2.11 billion, a price-to-earnings ratio of -11.32, a price-to-earnings-growth ratio of 0.14 and a beta of 1.28. The company has a debt-to-equity ratio of 18.89, a current ratio of 2.57 and a quick ratio of 1.19. The stock’s 50-day moving average is C$6.59 and its 200-day moving average is C$7.16.
First Majestic Silver (TSE:FR – Get Free Report) (NYSE:AG) last released its quarterly earnings data on Thursday, February 22nd. The mining company reported C($0.04) EPS for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.01. First Majestic Silver had a negative return on equity of 9.76% and a negative net margin of 23.55%. The company had revenue of C$186.46 million for the quarter. Analysts anticipate that First Majestic Silver Corp. will post 0.013104 EPS for the current fiscal year.
First Majestic Silver Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be paid a $0.006 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.33%. First Majestic Silver’s dividend payout ratio (DPR) is currently -4.62%.
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 71,868 hectares located in Durango and Sinaloa States, México; 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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