First Majestic Silver (TSE:AG) Shares Up 0.9% - Here's Why

First Majestic Silver Corp. (TSE:AG - Get Free Report)'s share price shot up 0.9% on Wednesday . The company traded as high as C$9.61 and last traded at C$9.57. 478,628 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 1,238,363 shares. The stock had previously closed at C$9.48.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded First Majestic Silver to a "hold" rating in a research note on Monday, March 10th.

First Majestic Silver Trading Down 2.3 %

The business has a 50 day simple moving average of C$8.65 and a two-hundred day simple moving average of C$8.75. The stock has a market cap of C$2.62 billion, a price-to-earnings ratio of -20.07 and a beta of 1.36.

First Majestic Silver Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.0057 per share. The ex-dividend date was Friday, February 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. First Majestic Silver's payout ratio is -5.19%.

First Majestic Silver Company Profile

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.