First Majestic Silver Corp. (NYSE:AG) Increases Dividend to $0.00 Per Share

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders 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 dividend yield of 0.30%. 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 payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Majestic Silver to earn $0.21 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 9.5%.

First Majestic Silver Trading Down 4.3 %

AG traded down $0.29 during trading on Friday, hitting $6.47. The company's stock had a trading volume of 7,863,712 shares, compared to its average volume of 10,602,238. The firm's 50 day moving average price is $6.42 and its 200-day moving average price is $6.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.05 and a quick ratio of 2.44. First Majestic Silver has a twelve month low of $4.17 and a twelve month high of $8.44. The stock has a market cap of $1.95 billion, a PE ratio of -23.96 and a beta of 1.31.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted 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 net margin of 15.37% and a negative return on equity of 4.39%. On average, analysts expect that First Majestic Silver will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AG shares. HC Wainwright restated a "buy" rating and issued a $8.50 target price on shares of First Majestic Silver in a research note on Friday, October 18th. Cormark upgraded First Majestic Silver from a "hold" rating to a "moderate buy" rating in a report 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.