MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG reached a new 52-week high during trading on Friday . The stock 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.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on MAG. TD Securities downgraded MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lowered shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Raymond James Financial upped their price target on shares of MAG Silver from C$26.00 to C$27.00 in a research note on Tuesday, March 25th.
Check Out Our Latest Stock Report on MAG Silver
MAG Silver Price Performance
The stock has a 50 day moving average of C$26.83 and a two-hundred day moving average of C$23.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 32.55. The stock has a market cap of C$2.20 billion, a PE ratio of 29.49, a PEG ratio of 0.84 and a beta of 1.14.
MAG Silver Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 28th were issued a dividend of $0.20 per share. This is a boost from MAG Silver's previous quarterly dividend of $0.02. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, May 16th.
About MAG Silver
(
Get Free Report)
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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