First Majestic Silver Corp. (TSE:AG) Declares Quarterly Dividend of $0.02

First Majestic Silver Corp. (TSE:AG) declared a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Stockholders of record on Monday, August 31st will be given a dividend of 0.0152 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 14th.

First Majestic Silver Trading Up 2.2%

Shares of AG stock traded up C$0.58 during trading on Wednesday, hitting C$26.97. The company’s stock had a trading volume of 193,245 shares, compared to its average volume of 1,892,254. The company has a market cap of C$13.29 billion, a PE ratio of 38.53 and a beta of 2.75. The business has a fifty day moving average of C$23.99 and a 200-day moving average of C$28.48. First Majestic Silver has a 52 week low of C$11.57 and a 52 week high of C$43.69.

First Majestic Silver (TSE:AG) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.30 EPS for the quarter. First Majestic Silver had a return on equity of 12.27% and a net margin of 21.09%.The business had revenue of C$590.33 million for the quarter. As a group, research analysts predict that First Majestic Silver will post 0.4623323 EPS for the current year.

Wall Street Analysts Forecast Growth

AG has been the subject of several research analyst reports. ATB Cormark Capital Markets raised First Majestic Silver from a “hold” rating to a “moderate buy” rating and raised their target price for the company from C$36.00 to C$37.00 in a research report on Friday, July 10th. Scotiabank raised shares of First Majestic Silver to a “hold” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$30.40.

About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.