MAG Silver Corp. (TSE:MAG) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG have been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$26.09.

A number of analysts have recently weighed in on MAG shares. TD Securities raised shares of MAG Silver to a "strong-buy" rating in a research note on Monday, March 10th. Raymond James upped their target price on MAG Silver from C$26.00 to C$27.00 in a research report on Tuesday, March 25th.

MAG Silver Stock Performance

Shares of MAG traded up C$0.37 during trading hours on Wednesday, reaching C$20.56. 114,874 shares of the company's stock traded hands, compared to its average volume of 210,166. MAG Silver has a twelve month low of C$15.64 and a twelve month high of C$25.36. The business's fifty day simple moving average is C$21.55 and its two-hundred day simple moving average is C$21.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.55 and a quick ratio of 25.31. The firm has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 0.84 and a beta of 1.14.

MAG Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 21st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Friday, April 4th.

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%).