First Majestic Silver (TSE:AG) Upgraded by National Bank Financial to "Hold" Rating

National Bank Financial upgraded shares of First Majestic Silver (TSE:AG - Free Report) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

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

First Majestic Silver Stock Performance

Shares of TSE:AG traded up C$0.09 during trading on Thursday, reaching C$11.32. 1,201,344 shares of the stock were exchanged, compared to its average volume of 1,396,309. First Majestic Silver has a 12-month low of C$6.23 and a 12-month high of C$11.85. The firm has a market cap of C$3.83 billion, a price-to-earnings ratio of -29.35 and a beta of 1.36. The firm's 50-day moving average price is C$8.91 and its 200 day moving average price is C$8.64.

First Majestic Silver Cuts Dividend

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