First Majestic Silver Corp. (TSE:FR – Get Free Report) (NYSE:AG) shares were down 8.2% during mid-day trading on Tuesday . The stock traded as low as C$9.36 and last traded at C$9.46. Approximately 841,368 shares traded hands during trading, an increase of 5% from the average daily volume of 803,718 shares. The stock had previously closed at C$10.31.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on FR shares. Cormark reduced their target price on First Majestic Silver from C$8.00 to C$7.00 in a report on Monday, February 26th. TD Securities reduced their target price on First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating on the stock in a report on Thursday, January 18th. Finally, BMO Capital Markets reduced their target price on First Majestic Silver from C$8.00 to C$7.50 in a report on Monday, February 26th.
First Majestic Silver Trading Down 0.4 %
First Majestic Silver (TSE:FR – Get Free Report) (NYSE:AG) last announced its quarterly earnings data on Thursday, February 22nd. The mining company reported C($0.04) earnings per share for the quarter, topping the consensus estimate of C($0.05) by C$0.01. First Majestic Silver had a negative return on equity of 9.76% and a negative net margin of 23.55%. The business had revenue of C$186.46 million during the quarter. On average, analysts anticipate that First Majestic Silver Corp. will post 0.013104 EPS for the current year.
First Majestic Silver Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.006 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.02 annualized dividend and a yield of 0.25%. First Majestic Silver’s dividend payout ratio is presently -4.62%.
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.
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