MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) announced a -- dividend on Monday, March 24th, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be paid a dividend of 0.18 per share on Monday, April 21st. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, April 4th.
MAG Silver Price Performance
MAG traded down $0.93 on Friday, hitting $15.70. 1,089,570 shares of the company traded hands, compared to its average volume of 628,689. MAG Silver has a 12-month low of $10.62 and a 12-month high of $18.27. The stock's 50 day moving average is $15.70. The firm has a market cap of $1.62 billion, a PE ratio of 22.11 and a beta of 1.09.
Analyst Upgrades and Downgrades
Several research firms have weighed in on MAG. HC Wainwright upped their target price on MAG Silver from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday. Roth Capital set a $16.00 price objective on shares of MAG Silver in a research note on Tuesday. TD Securities upgraded shares of MAG Silver to a "strong-buy" rating in a research report on Monday, March 10th. Raymond James reiterated an "outperform" rating on shares of MAG Silver in a research report on Tuesday. Finally, Roth Mkm dropped their price objective on shares of MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $18.00.
Read Our Latest Stock Report on MAG
MAG Silver Company Profile
(
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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.
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