First Majestic Silver (TSE:FR) Hits New 1-Year High at $11.12

First Majestic Silver Corp. (TSE:FR - Get Free Report) NYSE: AG's share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$11.12 and last traded at C$10.63, with a volume of 609547 shares. The stock had previously closed at C$10.57.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of First Majestic Silver from C$8.00 to C$7.50 in a report on Monday, February 26th. Cormark dropped their price target on First Majestic Silver from C$8.00 to C$7.00 in a report on Monday, February 26th. Finally, TD Securities reduced their price objective on First Majestic Silver from C$8.00 to C$7.50 and set a "hold" rating on the stock in a research note on Thursday, January 18th.

First Majestic Silver Price Performance

The company's 50 day simple moving average is C$7.08 and its 200 day simple moving average is C$7.25. The company has a debt-to-equity ratio of 18.89, a current ratio of 2.57 and a quick ratio of 1.19. The stock has a market cap of C$3.10 billion, a P/E ratio of -16.62, a P/E/G ratio of 0.14 and a beta of 1.28.

First Majestic Silver (TSE:FR - Get Free Report) NYSE: AG last posted its earnings results on Thursday, February 22nd. The mining company reported C($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C($0.05) by C$0.01. The firm had revenue of C$186.46 million during the quarter. First Majestic Silver had a negative return on equity of 9.76% and a negative net margin of 23.55%. As a group, equities analysts forecast that First Majestic Silver Corp. will post 0.013104 earnings per share for the current year.

First Majestic Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.006 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Wednesday, March 13th. First Majestic Silver's payout ratio is presently -4.62%.

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.