Canaccord Genuity Group cut shares of MAG Silver (TSE:MAG - Free Report) NYSEAMERICAN: MAG from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.
Several other research analysts also recently commented on MAG. TD Securities upgraded MAG Silver to a "strong-buy" rating in a report on Monday, March 10th. Raymond James upped their target price on MAG Silver from C$26.00 to C$27.00 in a report on Tuesday, March 25th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$26.09.
View Our Latest Stock Report on MAG
MAG Silver Price Performance
MAG stock traded down C$0.47 during midday trading on Monday, reaching C$24.65. The company had a trading volume of 533,082 shares, compared to its average volume of 251,424. The firm has a 50-day moving average price of C$21.95 and a 200-day moving average price of C$21.82. 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 company has a market capitalization of C$1.79 billion, a P/E ratio of 23.95, a P/E/G ratio of 0.84 and a beta of 1.14. MAG Silver has a 1 year low of C$15.64 and a 1 year high of C$26.60.
MAG Silver Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.25%. This is an increase from MAG Silver's previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, May 16th.
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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