First Majestic Silver (TSE:FR) Stock Crosses Below 200 Day Moving Average of $7.20

Shares of First Majestic Silver Corp. (TSE:FRGet Free Report) (NYSE:AG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.20 and traded as low as C$7.16. First Majestic Silver shares last traded at C$7.38, with a volume of 718,503 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently commented on FR. 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. TD Securities dropped their price target on First Majestic Silver from C$8.00 to C$7.50 and set a “hold” rating on the stock in a research note on Thursday, January 18th. Finally, Cormark dropped their price target on First Majestic Silver from C$8.00 to C$7.00 in a research note on Monday, February 26th.

Get Our Latest Stock Analysis on First Majestic Silver

First Majestic Silver Stock Up 4.8 %

The company has a current ratio of 2.57, a quick ratio of 1.19 and a debt-to-equity ratio of 18.89. The firm has a market cap of C$2.20 billion, a PE ratio of -11.23, a price-to-earnings-growth ratio of 0.14 and a beta of 1.28. The stock has a fifty day simple moving average of C$6.58 and a two-hundred day simple moving average of C$7.20.

First Majestic Silver Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be issued a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, March 13th. First Majestic Silver’s payout ratio is presently -4.62%.

First Majestic Silver Company Profile

(Get Free Report)

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 71,868 hectares located in Durango and Sinaloa States, México; 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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