First Majestic Silver (TSE:AG) Reaches New 12-Month High - Here's What Happened

First Majestic Silver Corp. (TSE:AG - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$11.94 and last traded at C$10.95, with a volume of 1972818 shares trading hands. The stock had previously closed at C$11.86.

Analyst Ratings Changes

Separately, National Bank Financial upgraded First Majestic Silver to a "hold" rating in a research note on Thursday, June 12th.

First Majestic Silver Stock Down 7.7%

The stock's 50 day moving average price is C$9.77 and its two-hundred day moving average price is C$8.95. The firm has a market capitalization of C$3.70 billion, a price-to-earnings ratio of -28.39 and a beta of 1.36.

First Majestic Silver Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 30th were paid a $0.0045 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.02 annualized dividend and a dividend yield of 0.16%. 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.

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