First Majestic Silver Corp. (TSE:FR – Get Free Report) (NYSE:AG) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$7.51 and traded as high as C$10.75. First Majestic Silver shares last traded at C$10.31, with a volume of 1,340,723 shares.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on FR. Cormark decreased their target price on First Majestic Silver from C$8.00 to C$7.00 in a research report on Monday, February 26th. TD Securities decreased their target price on First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating for the company in a research report on Thursday, January 18th. Finally, BMO Capital Markets decreased their target price on First Majestic Silver from C$8.00 to C$7.50 in a research report on Monday, February 26th.
Read Our Latest Stock Analysis on FR
First Majestic Silver Trading Down 0.6 %
First Majestic Silver (TSE:FR – Get Free Report) (NYSE:AG) last announced its quarterly earnings results on Thursday, February 22nd. The mining company reported C($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.05) by C$0.01. The business 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%. Equities research analysts forecast that First Majestic Silver Corp. will post 0.013104 earnings per share for the current year.
First Majestic Silver Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.006 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 13th. First Majestic Silver’s dividend payout ratio (DPR) is -4.62%.
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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