MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG shares reached a new 52-week high on Friday . The company traded as high as C$30.53 and last traded at C$30.38, with a volume of 163876 shares traded. The stock had previously closed at C$29.57.
Analyst Upgrades and Downgrades
MAG has been the topic of a number of recent research reports. Raymond James Financial boosted their price target on shares of MAG Silver from C$26.00 to C$27.00 in a research report 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.
Get Our Latest Report on MAG Silver
MAG Silver Stock Down 1.0%
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 company has a market cap of C$2.19 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 0.84 and a beta of 1.14. The firm's fifty day simple moving average is C$27.22 and its 200 day simple moving average is C$23.65.
MAG Silver Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 28th were issued a $0.20 dividend. This is a boost 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 dividend yield of 2.65%.
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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