MAG Silver Corp. (MAG) to Issue — Dividend of $0.18 on April 21st

MAG Silver Corp. (NYSEAMERICAN:MAG) declared a — dividend on Monday, March 24th, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be given a dividend of 0.18 per share on Monday, April 21st. This represents a dividend yield of 1.5%. The ex-dividend date is Friday, April 4th.

MAG Silver Stock Performance

MAG opened at $15.36 on Wednesday. MAG Silver has a 12-month low of $10.92 and a 12-month high of $18.27. The company has a market capitalization of $1.59 billion, a P/E ratio of 21.63 and a beta of 1.09. The business has a fifty day moving average price of $15.75.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Raymond James restated an “outperform” rating on shares of MAG Silver in a research note on Tuesday, March 25th. StockNews.com upgraded shares of MAG Silver from a “sell” rating to a “hold” rating in a report on Monday. TD Securities raised MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Roth Capital set a $16.00 target price on MAG Silver in a research report on Tuesday, March 25th. Finally, Roth Mkm lowered their price objective on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

MAG Silver Company Profile

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.