First Majestic Silver (TSE:AG) Stock Price Up 0.9% – Here’s Why

First Majestic Silver Corp. (TSE:AG)’s stock price shot up 0.9% during mid-day trading on Wednesday . The stock traded as high as C$9.61 and last traded at C$9.57. 478,628 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 1,238,363 shares. The stock had previously closed at C$9.48.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded First Majestic Silver to a “hold” rating in a research note on Monday, March 10th.

First Majestic Silver Trading Down 12.7 %

The company has a market capitalization of C$2.68 billion, a PE ratio of -20.53 and a beta of 1.36. The stock’s 50-day moving average is C$8.65 and its two-hundred day moving average is C$8.75.

First Majestic Silver Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a $0.0057 dividend. This represents a $0.02 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Friday, February 28th. First Majestic Silver’s dividend payout ratio is presently -5.19%.

First Majestic Silver Company Profile

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.