First Majestic Silver (TSE:AG) Hits New 1-Year High - What's Next?

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

Analyst Upgrades and Downgrades

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

First Majestic Silver Stock Up 5.2%

The stock has a market capitalization of C$3.90 billion, a price-to-earnings ratio of -29.87 and a beta of 1.36. The stock's 50-day simple moving average is C$9.81 and its 200 day simple moving average is C$8.96.

First Majestic Silver Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were issued a $0.0045 dividend. 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%.

About First Majestic Silver

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.