First Majestic Silver Corp. (NYSE:AG) to Issue $0.00 Quarterly Dividend

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.004 per share by the mining company on Friday, June 7th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date is Thursday, May 16th.

First Majestic Silver has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Majestic Silver to earn $0.08 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 25.0%.

First Majestic Silver Stock Up 5.3 %

First Majestic Silver stock traded up $0.38 during trading hours on Thursday, reaching $7.49. The stock had a trading volume of 11,477,057 shares, compared to its average volume of 8,690,884. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -15.59 and a beta of 1.39. The business's 50 day moving average price is $6.38 and its 200-day moving average price is $5.65. First Majestic Silver has a 52 week low of $4.17 and a 52 week high of $8.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.57 and a quick ratio of 2.04.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its earnings results on Thursday, February 22nd. The mining company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $136.95 million for the quarter. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. During the same period in the previous year, the company earned ($0.07) earnings per share. Sell-side analysts anticipate that First Majestic Silver will post -0.01 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AG. StockNews.com upgraded shares of First Majestic Silver to a "sell" rating in a research note on Monday, February 26th. HC Wainwright reiterated a "buy" rating and issued a $8.50 target price on shares of First Majestic Silver in a research note on Thursday.

First Majestic Silver Company Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.