First Majestic Silver Corp. to Issue Quarterly Dividend of $0.01 (TSE:AG)

First Majestic Silver Corp. (TSE:AG) announced a quarterly dividend on Friday, November 15th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.006 per share on Friday, November 29th. This represents a $0.02 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Friday, November 15th.

First Majestic Silver Stock Up 1.5 %

Shares of First Majestic Silver stock opened at C$8.78 on Wednesday. First Majestic Silver has a 1 year low of C$6.23 and a 1 year high of C$11.18. The firm has a market cap of C$2.65 billion, a P/E ratio of -24.03 and a beta of 1.36. The firm’s fifty day simple moving average is C$9.00.

Wall Street Analyst Weigh In

Several analysts recently commented on AG shares. BMO Capital Markets reduced their target price on shares of First Majestic Silver from C$9.00 to C$7.00 in a report on Saturday, September 7th. TD Securities reduced their price objective on First Majestic Silver from C$8.50 to C$7.50 in a report on Monday, September 9th. Finally, Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, September 6th.

About First Majestic Silver

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.