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

First Majestic Silver Corp. (TSE:AG) announced a quarterly dividend on Friday, November 15th,Zacks Dividends reports. Shareholders 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 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Friday, November 15th.

First Majestic Silver Stock Performance

Shares of AG stock traded up C$0.23 during midday trading on Thursday, hitting C$8.90. The company had a trading volume of 104,651 shares, compared to its average volume of 706,147. The firm has a market capitalization of C$2.68 billion, a PE ratio of -24.08 and a beta of 1.36. The stock has a 50 day simple moving average of C$8.99. First Majestic Silver has a 52-week low of C$6.23 and a 52-week high of C$11.18.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. TD Securities dropped their price objective on shares of First Majestic Silver from C$8.50 to C$7.50 in a research note on Monday, September 9th. BMO Capital Markets cut their price target on shares of First Majestic Silver from C$9.00 to C$7.00 in a report on Saturday, September 7th. Finally, Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report 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.