First Majestic Silver Corp. (AG) To Go Ex-Dividend on February 28th

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.0057 per share by the mining company on Friday, March 14th. This represents a $0.02 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, February 28th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.0048.

First Majestic Silver has increased its dividend by an average of 5.1% per year over the last three years. First Majestic Silver has a dividend payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Analysts expect First Majestic Silver to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 2.5%.

First Majestic Silver Price Performance

Shares of AG stock opened at $5.52 on Wednesday. First Majestic Silver has a twelve month low of $4.37 and a twelve month high of $8.44. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $5.66 and a 200 day simple moving average of $6.03. The company has a market cap of $1.72 billion, a P/E ratio of -15.59 and a beta of 1.24.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. On average, sell-side analysts forecast that First Majestic Silver will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. HC Wainwright restated a “buy” rating and set a $11.00 price target on shares of First Majestic Silver in a report on Friday, February 21st. StockNews.com raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Scotiabank dropped their price target on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th.

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.