First Majestic Silver (TSE:AG) Upgraded at TD Securities

TD Securities upgraded shares of First Majestic Silver (TSE:AG) to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

First Majestic Silver Trading Down 0.1 %

AG stock opened at C$8.83 on Monday. First Majestic Silver has a 1 year low of C$6.23 and a 1 year high of C$11.58. The company has a 50 day moving average of C$8.18. The stock has a market cap of C$2.99 billion, a price-to-earnings ratio of -22.89 and a beta of 1.36.

First Majestic Silver Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0057 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.26%. First Majestic Silver’s payout ratio is -5.19%.

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.