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

First Majestic Silver Corp. (TSE:AG) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.006 per share on Friday, November 29th. This represents a $0.02 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Friday, November 15th.

First Majestic Silver Stock Down 3.8 %

Shares of AG opened at C$9.02 on Friday. The company has a market capitalization of C$2.72 billion, a PE ratio of -25.06 and a beta of 1.36. The firm’s fifty day moving average price is C$9.01. First Majestic Silver has a 12 month low of C$6.23 and a 12 month high of C$11.18.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AG. Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, September 6th. BMO Capital Markets reduced their price objective on First Majestic Silver from C$9.00 to C$7.00 in a research report on Saturday, September 7th. Finally, TD Securities lowered their target price on shares of First Majestic Silver from C$8.50 to C$7.50 in a research note on Monday, September 9th.

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.