First Majestic Silver (TSE:FR) Shares Down 8.2%

First Majestic Silver Corp. (TSE:FR - Get Free Report) NYSE: AG's stock price fell 8.2% during mid-day trading on Tuesday . The stock traded as low as C$9.36 and last traded at C$9.46. 841,368 shares were traded during mid-day trading, an increase of 5% from the average session volume of 803,718 shares. The stock had previously closed at C$10.31.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FR. TD Securities lowered their price objective on shares of First Majestic Silver from C$8.00 to C$7.50 and set a "hold" rating for the company in a research report on Thursday, January 18th. Cormark decreased 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, BMO Capital Markets decreased their price target on shares of First Majestic Silver from C$8.00 to C$7.50 in a research report on Monday, February 26th.

First Majestic Silver Trading Down 8.2 %

The company has a market cap of C$2.72 billion, a price-to-earnings ratio of -14.55, a P/E/G ratio of 0.14 and a beta of 1.28. The firm's fifty day moving average price is C$7.57 and its 200-day moving average price is C$7.41. The company has a debt-to-equity ratio of 18.89, a current ratio of 2.57 and a quick ratio of 1.19.

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

First Majestic Silver Announces Dividend

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