MAG Silver Corp. to Issue Quarterly Dividend of $0.14 (TSE:MAG)

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 declared a quarterly dividend on Monday, August 11th, 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) dividend on an annualized basis and a dividend yield of 1.8%.

MAG Silver Stock Performance

Shares of TSE MAG opened at C$31.85 on Monday. MAG Silver has a 12 month low of C$15.89 and a 12 month high of C$31.96. The company has a market cap of C$2.31 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a 50-day simple moving average of C$29.22 and a 200-day simple moving average of C$24.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.55 and a quick ratio of 25.31.

Analysts Set New Price Targets

MAG has been the topic of a number of recent research reports. TD Securities cut MAG Silver from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, May 22nd. Canaccord Genuity Group downgraded MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, HC Wainwright cut shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, MAG Silver currently has a consensus rating of "Hold" and a consensus target price of C$26.43.

MAG Silver Company Profile

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%).

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