MAG Silver (TSE:MAG) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• MAG Silver Corp. (TSE:MAG) recently surpassed its 50-day moving average, trading as high as C$33.18 and closing at C$32.98.
• Wall Street analysts have mixed views on the stock, with ratings ranging from "Buy" to "Strong Sell", and a consensus price target of C$27.19.
• The company has declared a quarterly dividend of $0.144 per share, representing an annualized yield of 1.7%, despite cutting the dividend recently.

Shares of MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$30.17 and traded as high as C$33.18. MAG Silver shares last traded at C$32.98, with a volume of 129,735 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on MAG shares. Canaccord Genuity Group cut shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. TD Securities cut shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, May 22nd. HC Wainwright cut shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. Finally, Cormark upped their price target on shares of MAG Silver from C$25.10 to C$31.70 in a report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MAG Silver presently has a consensus rating of "Hold" and a consensus price target of C$27.19.

MAG Silver Trading Up 1.9%

The stock's 50 day moving average is C$30.26 and its two-hundred day moving average is C$25.87. The company has a market capitalization of C$3.49 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 0.84 and a beta of 1.09. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Monday, September 1st will be given a dividend of $0.144 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 18th. MAG Silver's dividend payout ratio is presently 38.38%.

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%).