MAG Silver Corp. (TSE:MAG) Declares $0.14 Quarterly Dividend

Key Points

• MAG Silver Corp. declared a quarterly dividend of $0.14 per share, payable to stockholders on September 1st, after the record date of August 18th, reflecting a 1.8% dividend yield.
• Following recent analyst reports, MAG Silver experienced a downgrade from "strong-buy" to "hold" or "sell" ratings by multiple firms, leading to a consensus rating of "Hold" with a target price of C$26.43.
• The company focuses on the Juanicipio Project, where it holds a 44% stake in a joint venture with Fresnillo Plc, targeting to become a top-tier primary silver mining company.

MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG announced a quarterly dividend on Monday, August 18th, RTT News reports. Stockholders of record on Monday, August 18th will be paid a dividend of 0.144 per share on Monday, September 1st. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 18th.

MAG Silver Stock Performance

Shares of TSE MAG traded up C$0.22 during midday trading on Friday, reaching C$31.84. 81,538 shares of the company were exchanged, compared to its average volume of 253,493. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The stock has a market cap of C$2.31 billion, a P/E ratio of 30.93, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 1 year low of C$15.89 and a 1 year high of C$32.19. The stock has a fifty day simple moving average of C$29.54 and a 200 day simple moving average of C$25.11.

About MAG Silver

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).