TD Securities upgraded shares of First Majestic Silver (TSE:AG – Free Report) to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.
First Majestic Silver Trading Up 10.5 %
Shares of AG opened at C$8.84 on Monday. First Majestic Silver has a 12-month low of C$6.23 and a 12-month high of C$11.58. The firm has a market cap of C$2.99 billion, a PE ratio of -22.92 and a beta of 1.36. The stock has a 50-day moving average price of C$8.16.
First Majestic Silver Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be given a $0.0057 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.02 annualized dividend and a yield of 0.26%. First Majestic Silver’s dividend payout ratio is currently -5.19%.
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.
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