First Majestic Silver (TSE:AG) Stock Price Down 2.8% - Here's What Happened

Shares of First Majestic Silver Corp. (TSE:AG - Get Free Report) dropped 2.8% during mid-day trading on Tuesday . The company traded as low as C$11.53 and last traded at C$11.53. Approximately 310,916 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,380,661 shares. The stock had previously closed at C$11.86.

Wall Street Analyst Weigh In

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 7.4%

The firm has a market cap of C$4.30 billion, a price-to-earnings ratio of -32.93 and a beta of 1.36. The business has a 50 day moving average price of C$9.87 and a 200-day moving average price of C$8.98.

First Majestic Silver Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.14%. First Majestic Silver's dividend payout ratio (DPR) is presently -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.