MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG declared a quarterly dividend on Friday, May 16th, TickerTech Dividends reports. Investors of record on Wednesday, May 28th will be given a dividend of 0.20 per share on Wednesday, May 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Friday, May 16th. This is a 900.0% increase from MAG Silver's previous quarterly dividend of $0.02.
MAG Silver Trading Down 1.9%
MAG traded down C$0.47 during trading on Monday, hitting C$24.65. 533,082 shares of the stock were exchanged, compared to its average volume of 251,424. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 32.55. The firm has a market cap of C$1.79 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 0.84 and a beta of 1.14. The firm has a 50 day simple moving average of C$21.95 and a 200 day simple moving average of C$21.80. MAG Silver has a 1 year low of C$15.64 and a 1 year high of C$26.60.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on MAG. Raymond James boosted their price target on MAG Silver from C$26.00 to C$27.00 in a report on Tuesday, March 25th. Canaccord Genuity Group lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, TD Securities upgraded MAG Silver to a "strong-buy" rating in a report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$26.09.
Read Our Latest Stock Analysis on MAG Silver
About MAG Silver
(
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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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