First Majestic Silver Corp. (AG) to Issue Quarterly Dividend of $0.00 on November 29th

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.0048 per share by the mining company on Friday, November 29th. This represents a $0.02 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.0046.

First Majestic Silver has a dividend payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Majestic Silver to earn $0.24 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 8.3%.

First Majestic Silver Trading Up 1.4 %

Shares of First Majestic Silver stock opened at $6.30 on Wednesday. First Majestic Silver has a fifty-two week low of $4.17 and a fifty-two week high of $8.44. The business’s fifty day moving average is $6.43 and its two-hundred day moving average is $6.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). The business had revenue of $146.09 million for the quarter. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. On average, research analysts predict that First Majestic Silver will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

AG has been the topic of several research analyst reports. HC Wainwright reissued a “buy” rating and issued a $8.50 target price on shares of First Majestic Silver in a research report on Friday, October 18th. Cormark raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, September 6th.

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.