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

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

MAG Silver Trading Up 0.1 %

TSE MAG opened at C$21.92 on Wednesday. MAG Silver has a 12 month low of C$14.87 and a 12 month high of C$25.36. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is C$22.62 and its 200-day moving average price is C$21.65. The stock has a market cap of C$1.59 billion, a P/E ratio of 21.30, a P/E/G ratio of 0.84 and a beta of 1.14.

Wall Street Analysts Forecast Growth

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

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%).