MAG Silver (TSE:MAG) Hits New 52-Week High - Time to Buy?

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 traded. The stock had previously closed at C$25.76.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MAG shares. TD Securities lowered MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Raymond James raised 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

The company has a market cap of C$2.09 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The firm has a 50-day simple moving average of C$22.68 and a 200 day simple moving average of C$22.15. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01.

MAG Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.20 per share. This is a positive change from MAG Silver's previous quarterly dividend of $0.02. The ex-dividend date was Friday, May 16th. This represents a $0.80 annualized dividend and a yield of 2.77%.

About MAG Silver

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%).