First Majestic Silver (TSE:AG) Stock Rating Upgraded by National Bank Financial

National Bank Financial upgraded shares of First Majestic Silver (TSE:AG) to a hold rating in a research note released on Thursday,Zacks.com reports.

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

First Majestic Silver Price Performance

TSE AG opened at C$11.32 on Thursday. The firm has a market cap of C$3.83 billion, a P/E ratio of -29.35 and a beta of 1.36. The stock’s 50-day moving average is C$8.91 and its 200-day moving average is C$8.64. First Majestic Silver has a one year low of C$6.23 and a one year high of C$11.85.

First Majestic Silver Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were given a $0.0045 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Friday, May 16th. 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.