First Majestic Silver (TSE:AG) Stock Price Down 0.8% - Time to Sell?

First Majestic Silver Corp. (TSE:AG - Get Free Report) shares dropped 0.8% during mid-day trading on Friday . The company traded as low as C$7.67 and last traded at C$7.85. Approximately 747,923 shares were traded during trading, a decline of 42% from the average daily volume of 1,289,633 shares. The stock had previously closed at C$7.91.

Wall Street Analyst Weigh In

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

First Majestic Silver Price Performance

The company has a market cap of C$2.75 billion, a price-to-earnings ratio of -21.10 and a beta of 1.36. The firm's fifty day moving average price is C$8.75 and its 200-day moving average price is C$8.54.

First Majestic Silver Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 30th will be issued a $0.0045 dividend. This represents a $0.02 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Friday, May 16th. First Majestic Silver's 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.