First Majestic Silver (TSE:AG) Stock Price Up 1.4% – What’s Next?

First Majestic Silver Corp. (TSE:AG)’s share price traded up 1.4% on Tuesday . The stock traded as high as C$23.76 and last traded at C$23.20. 2,126,735 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 1,723,872 shares. The stock had previously closed at C$22.89.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AG shares. TD Securities upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$14.00 to C$22.00 in a research report on Wednesday, October 8th. BMO Capital Markets upped their price target on shares of First Majestic Silver from C$18.50 to C$21.00 in a report on Thursday, October 9th. National Bank Financial raised shares of First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research note on Sunday, October 5th. National Bankshares upgraded First Majestic Silver from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$20.00 to C$22.00 in a research report on Monday, October 6th. Finally, Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$27.80.

First Majestic Silver Stock Performance

The company has a fifty day simple moving average of C$19.50 and a two-hundred day simple moving average of C$15.65. The company has a market capitalization of C$11.37 billion, a price-to-earnings ratio of 165.71 and a beta of 1.66.

First Majestic Silver (TSE:AG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$396.93 million for the quarter. First Majestic Silver had a negative return on equity of 5.74% and a negative net margin of 14.81%. As a group, analysts expect that First Majestic Silver Corp. will post 0.4623323 EPS for the current year.

First Majestic Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 28th were issued a $0.0052 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.02 annualized dividend and a yield of 0.1%. First Majestic Silver’s payout ratio is 14.14%.

About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.