MAG Silver Corp. Plans Quarterly Dividend of $0.02 (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) announced a quarterly dividend on Friday, April 4th, TickerTech Dividends reports. Stockholders of record on Monday, April 21st will be paid a dividend of 0.02 per share on Monday, April 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, April 4th.

MAG Silver Trading Up 0.1 %

MAG stock opened at C$21.92 on Wednesday. MAG Silver has a 52 week low of C$14.87 and a 52 week high of C$25.36. The company has a market cap of C$1.59 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 0.84 and a beta of 1.14. 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 business has a fifty day simple moving average of C$22.62 and a 200-day simple moving average of C$21.65.

Wall Street Analysts Forecast Growth

MAG has been the topic of a number of research reports. TD Securities upgraded MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Raymond James raised their price target on shares of MAG Silver from C$26.00 to C$27.00 in a report on Tuesday, March 25th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$25.58.

About MAG Silver

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%).