First Majestic Silver (TSE:FR) Share Price Crosses Above Fifty Day Moving Average of $7.51

First Majestic Silver Corp. (TSE:FR - Get Free Report) NYSE: AG's share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$7.51 and traded as high as C$10.75. First Majestic Silver shares last traded at C$10.31, with a volume of 1,340,723 shares changing hands.

Wall Street Analyst Weigh In

FR has been the topic of several analyst reports. BMO Capital Markets dropped their target price on shares of First Majestic Silver from C$8.00 to C$7.50 in a research note on Monday, February 26th. Cormark reduced their price target on shares of First Majestic Silver from C$8.00 to C$7.00 in a research report on Monday, February 26th. Finally, TD Securities dropped their price objective on shares of First Majestic Silver from C$8.00 to C$7.50 and set a "hold" rating on the stock in a report on Thursday, January 18th.

First Majestic Silver Stock Performance

The firm has a market cap of C$2.72 billion, a PE ratio of -14.65, a price-to-earnings-growth ratio of 0.14 and a beta of 1.28. The business has a 50 day simple moving average of C$7.51 and a two-hundred day simple moving average of C$7.39. The company has a quick ratio of 1.19, a current ratio of 2.57 and a debt-to-equity ratio of 18.89.

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

First Majestic Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.006 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 dividend on an annualized basis and a yield of 0.25%. First Majestic Silver's dividend payout ratio is currently -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.