First Majestic Silver (TSE:FR) Stock Price Passes Above 50-Day Moving Average of $7.51

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$7.51 and traded as high as C$10.75. First Majestic Silver shares last traded at C$10.31, with a volume of 1,340,723 shares.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FR shares. BMO Capital Markets cut their price objective on First Majestic Silver from C$8.00 to C$7.50 in a research report on Monday, February 26th. TD Securities cut their price objective on First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating for the company in a research report on Thursday, January 18th. Finally, Cormark cut their price objective on First Majestic Silver from C$8.00 to C$7.00 in a research report on Monday, February 26th.

First Majestic Silver Stock Down 0.6 %

The company has a debt-to-equity ratio of 18.89, a current ratio of 2.57 and a quick ratio of 1.19. The stock has a market capitalization of C$2.96 billion, a P/E ratio of -15.86, a price-to-earnings-growth ratio of 0.14 and a beta of 1.28. The firm has a 50 day moving average of C$7.51 and a 200-day moving average of C$7.39.

First Majestic Silver (TSE:FR) (NYSE:AG) last issued its quarterly earnings results on Thursday, February 22nd. The mining company reported C($0.04) earnings per share (EPS) for the quarter, beating 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 firm had revenue of C$186.46 million for the quarter. On average, equities research analysts expect that First Majestic Silver Corp. will post 0.013104 earnings per share for the current fiscal year.

First Majestic Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.006 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 annualized dividend and a yield of 0.23%. First Majestic Silver’s dividend payout ratio is -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.