MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG's stock price reached a new 52-week high on Monday . The company traded as high as C$29.73 and last traded at C$29.70, with a volume of 59486 shares. The stock had previously closed at C$29.03.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Raymond James raised their target price on shares of MAG Silver from C$26.00 to C$27.00 in a research report on Tuesday, March 25th. Canaccord Genuity Group lowered shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Finally, TD Securities downgraded shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, May 22nd.
Read Our Latest Stock Analysis on MAG
MAG Silver Trading Up 0.4%
The firm has a market capitalization of C$2.11 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. The company's 50-day simple moving average is C$23.47 and its 200 day simple moving average is C$22.39.
MAG Silver Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.20 per share. The ex-dividend date was Friday, May 16th. This is an increase from MAG Silver's previous quarterly dividend of $0.02. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%.
MAG Silver Company Profile
(
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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%).
Further Reading
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