First Majestic Silver Corp. (NYSE:AG) Plans Quarterly Dividend of $0.00

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0048 per share by the mining company on Friday, November 29th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Friday, November 15th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.0046.

First Majestic Silver has a payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Majestic Silver to earn $0.24 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 8.3%.

First Majestic Silver Stock Up 2.8 %

Shares of NYSE:AG traded up $0.17 during trading on Thursday, reaching $6.35. 1,888,107 shares of the stock were exchanged, compared to its average volume of 8,295,171. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45. First Majestic Silver has a 1-year low of $4.17 and a 1-year high of $8.44. The stock has a fifty day moving average of $6.45 and a two-hundred day moving average of $6.35. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -22.89 and a beta of 1.31.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.12). First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. The company had revenue of $146.09 million for the quarter. Research analysts anticipate that First Majestic Silver will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AG shares. Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Friday, September 6th. HC Wainwright restated a “buy” rating and issued a $8.50 price objective on shares of First Majestic Silver in a research note on Friday, October 18th.

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.