MAG Silver (TSE:MAG) Hits New 1-Year High - What's Next?

Shares of MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG hit a new 52-week high on Monday . The stock traded as high as C$27.04 and last traded at C$26.87, with a volume of 94422 shares trading hands. The stock had previously closed at C$25.76.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MAG. Raymond James upped their target price on shares of MAG Silver from C$26.00 to C$27.00 in a research note on Tuesday, March 25th. Canaccord Genuity Group downgraded shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research note 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.

MAG Silver Stock Up 0.9%

The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of C$1.98 billion, a P/E ratio of 26.56, a P/E/G ratio of 0.84 and a beta of 1.14. The stock's 50 day simple moving average is C$22.51 and its 200 day simple moving average is C$22.07.

MAG Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.93%. This is an increase from MAG Silver's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, May 16th.

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%).