First Majestic Silver (TSE:AG) Stock Price Down 0.8% - What's Next?

First Majestic Silver Corp. (TSE:AG - Get Free Report)'s stock price dropped 0.8% on Friday . The stock traded as low as C$7.67 and last traded at C$7.85. Approximately 747,923 shares changed hands 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.

Analyst Ratings Changes

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

First Majestic Silver Stock Down 0.8%

The company has a market cap of C$2.66 billion, a P/E ratio of -20.35 and a beta of 1.36. The firm's 50 day moving average is C$8.86 and its two-hundred day moving average is C$8.59.

First Majestic Silver Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 30th will be paid a $0.0045 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.02 annualized dividend and a dividend yield of 0.23%. First Majestic Silver's dividend 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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