First Majestic Silver (TSE:AG) Trading 0.8% Higher - Should You Buy?

First Majestic Silver Corp. (TSE:AG - Get Free Report) shares rose 0.8% during trading on Monday . The company traded as high as C$11.85 and last traded at C$11.41. Approximately 1,889,333 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 1,391,520 shares. The stock had previously closed at C$11.32.

Analysts Set New Price Targets

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

First Majestic Silver Trading Down 0.7%

The stock's 50-day simple moving average is C$8.70 and its 200-day simple moving average is C$8.59. The stock has a market cap of C$3.85 billion, a price-to-earnings ratio of -29.50 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 issued a dividend of $0.0045 per share. The ex-dividend date was Friday, May 16th. This represents a $0.02 annualized dividend and a dividend yield of 0.16%. 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.