First Majestic Silver (TSE:AG) Reaches New 52-Week High - Should You Buy?

Shares of First Majestic Silver Corp. (TSE:AG - Get Free Report) hit 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. The stock had previously closed at C$11.86.

Analyst Ratings Changes

Separately, National Bank Financial raised shares of First Majestic Silver to a "hold" rating in a report on Thursday, June 12th.

First Majestic Silver Stock Performance

The business's 50 day moving average is C$9.87 and its 200 day moving average is C$8.98. The stock has a market cap of C$4.29 billion, a price-to-earnings ratio of -32.90 and a beta of 1.36.

First Majestic Silver Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 30th were paid a $0.0045 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Friday, May 16th. First Majestic Silver's dividend payout ratio (DPR) is presently -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.