First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR)’s stock price dropped 2.6% on Wednesday after Scotiabank lowered their price target on the stock from $6.50 to $6.00. Scotiabank currently has a sector perform rating on the stock. First Majestic Silver traded as low as $5.66 and last traded at $5.69. Approximately 3,498,856 shares were traded during trading, a decline of 72% from the average daily volume of 12,681,053 shares. The stock had previously closed at $5.84.
Separately, HC Wainwright reiterated a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a report on Friday, January 10th.
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First Majestic Silver Price Performance
The company has a quick ratio of 2.45, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $6.00 and its two-hundred day moving average price is $6.09. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -20.61 and a beta of 1.25.
First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last posted its quarterly earnings data on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $146.09 million during the quarter. Analysts anticipate that First Majestic Silver Corp. will post -0.17 EPS for the current fiscal year.
First Majestic Silver Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.0048 per share. The ex-dividend date was Friday, November 15th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.35%. First Majestic Silver’s dividend payout ratio (DPR) is presently -7.41%.
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.
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