First Majestic Silver Corp. (TSE:AG) Plans $0.01 Quarterly Dividend

First Majestic Silver Corp. (TSE:AG) announced a quarterly dividend on Friday, November 14th, TickerTech Dividends reports. Investors of record on Friday, November 28th will be given a dividend of 0.0052 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, November 14th.

First Majestic Silver Stock Up 5.0%

AG traded up C$0.84 during trading on Wednesday, reaching C$17.58. The stock had a trading volume of 931,792 shares, compared to its average volume of 1,655,298. The stock has a 50 day moving average of C$16.65 and a two-hundred day moving average of C$12.81. The firm has a market capitalization of C$8.61 billion, a price-to-earnings ratio of 125.57 and a beta of 1.61. First Majestic Silver has a 1-year low of C$7.40 and a 1-year high of C$22.02.

Analysts Set New Price Targets

AG has been the subject of several research reports. National Bankshares upgraded shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$20.00 to C$22.00 in a research report on Monday, October 6th. National Bank Financial upgraded shares of First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 5th. TD Securities raised First Majestic Silver from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$14.00 to C$22.00 in a research note on Wednesday, October 8th. Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 6th. Finally, ATB Capital upgraded shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$47.00 to C$52.00 in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$27.80.

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.