First Majestic Silver Corp. (TSE:AG) to Issue Quarterly Dividend of $0.01

First Majestic Silver Corp. (TSE:AG - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.006 per share on Friday, November 29th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, November 15th.

First Majestic Silver Price Performance

TSE:AG traded down C$0.36 during trading hours on Friday, hitting C$9.02. The company's stock had a trading volume of 774,301 shares, compared to its average volume of 711,014. First Majestic Silver has a 52-week low of C$6.23 and a 52-week high of C$11.18. The company has a market capitalization of C$2.72 billion, a PE ratio of -25.06 and a beta of 1.36. The company has a fifty day simple moving average of C$9.01.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AG shares. BMO Capital Markets dropped their price target on First Majestic Silver from C$9.00 to C$7.00 in a research note on Saturday, September 7th. TD Securities reduced their price target on shares of First Majestic Silver from C$8.50 to C$7.50 in a research report on Monday, September 9th. Finally, Cormark upgraded 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.