First Majestic Silver (TSE:AG) Raised to Hold at TD Securities

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

First Majestic Silver Stock Performance

Shares of AG stock opened at C$8.83 on Monday. The company has a 50 day moving average of C$8.18. First Majestic Silver has a 52 week low of C$6.23 and a 52 week high of C$11.58. The firm has a market capitalization of C$2.99 billion, a P/E ratio of -22.89 and a beta of 1.36.

First Majestic Silver Cuts Dividend

The firm also recently declared 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 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 dividend payout ratio (DPR) is presently -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.