First Majestic Silver (TSE:AG) Sets New 12-Month High - Here's Why

Shares of First Majestic Silver Corp. (TSE:AG - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$11.38 and last traded at C$11.36, with a volume of 2049080 shares traded. The stock had previously closed at C$9.94.

Wall Street Analysts Forecast Growth

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

First Majestic Silver Trading Down 0.7%

The firm has a market capitalization of C$3.86 billion, a P/E ratio of -29.56 and a beta of 1.36. The business's 50 day simple moving average is C$8.58 and its two-hundred day simple moving average is C$8.54.

First Majestic Silver Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were given a dividend of $0.0045 per share. The ex-dividend date was Friday, May 16th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.16%. First Majestic Silver's dividend 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.