MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG's stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$21.81 and traded as low as C$20.81. MAG Silver shares last traded at C$21.13, with a volume of 164,290 shares changing hands.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on MAG shares. Raymond James increased their target price on shares of MAG Silver from C$26.00 to C$27.00 in a report on Tuesday, March 25th. TD Securities raised MAG Silver to a "strong-buy" rating in a report on Monday, March 10th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, MAG Silver presently has an average rating of "Moderate Buy" and a consensus target price of C$26.09.
Check Out Our Latest Stock Report on MAG Silver
MAG Silver Trading Up 6.1 %
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 firm has a 50 day moving average of C$21.60 and a 200 day moving average of C$21.83. The firm has a market cap of C$1.71 billion, a PE ratio of 22.91, a P/E/G ratio of 0.84 and a beta of 1.14.
MAG Silver Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.80 annualized dividend and a yield of 3.39%. This is a positive change from MAG Silver's previous quarterly dividend of $0.02.
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%).
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