First Majestic Silver (TSE:FR) Shares Down 8.2%

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) shares fell 8.2% during trading on Tuesday . The company traded as low as C$9.36 and last traded at C$9.46. 841,368 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 803,718 shares. The stock had previously closed at C$10.31.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FR. Cormark lowered their target price on First Majestic Silver from C$8.00 to C$7.00 in a research note on Monday, February 26th. TD Securities lowered their target price on First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating for the company in a research note on Thursday, January 18th. Finally, BMO Capital Markets lowered their target price on First Majestic Silver from C$8.00 to C$7.50 in a research note on Monday, February 26th.

First Majestic Silver Trading Down 0.4 %

The company has a debt-to-equity ratio of 18.89, a quick ratio of 1.19 and a current ratio of 2.57. The company has a market cap of C$2.70 billion, a P/E ratio of -14.49, a price-to-earnings-growth ratio of 0.14 and a beta of 1.28. The stock has a 50-day moving average of C$7.63 and a two-hundred day moving average of C$7.42.

First Majestic Silver (TSE:FR) (NYSE:AG) last posted its quarterly earnings data on Thursday, February 22nd. The mining company reported C($0.04) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of C$186.46 million during the quarter. On average, equities research analysts predict that First Majestic Silver Corp. will post 0.013104 earnings per share for the current year.

First Majestic Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.006 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Wednesday, March 13th. First Majestic Silver’s 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.