First Majestic Silver (TSE:FR) Stock Price Crosses Above Fifty Day Moving Average of $8.02

First Majestic Silver Corp. (TSE:FR) (NYSE:AG)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$8.02 and traded as high as C$9.57. First Majestic Silver shares last traded at C$9.47, with a volume of 899,785 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FR. Cormark decreased their price objective on First Majestic Silver from C$8.00 to C$7.00 in a report on Monday, February 26th. BMO Capital Markets decreased their price objective on First Majestic Silver from C$8.00 to C$7.50 in a report on Monday, February 26th. Finally, TD Securities decreased their price objective on 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.

First Majestic Silver Stock Up 1.7 %

The company has a current ratio of 2.57, a quick ratio of 1.19 and a debt-to-equity ratio of 18.89. The stock has a 50 day simple moving average of C$8.02 and a 200 day simple moving average of C$7.52. The firm has a market capitalization of C$2.72 billion, a PE ratio of -14.57, a PEG ratio of 0.14 and a beta of 1.28.

First Majestic Silver (TSE:FR) (NYSE:AG) last issued its quarterly earnings data on Thursday, February 22nd. The mining company reported C($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.01. The firm had revenue of C$186.46 million for the quarter. First Majestic Silver had a negative return on equity of 9.76% and a negative net margin of 23.55%. As a group, sell-side analysts forecast that First Majestic Silver Corp. will post 0.013104 earnings per share for the current year.

First Majestic Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.006 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.25%. First Majestic Silver’s dividend payout ratio 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 71,867 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.