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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) declared a quarterly dividend on Friday, April 4th, TickerTech Dividends reports. Stockholders 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 dividend yield of 0.36%. The ex-dividend date is Friday, April 4th.

MAG Silver Stock Performance

Shares of MAG opened at C$21.92 on Wednesday. The stock has a market capitalization 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. MAG Silver has a 12-month low of C$14.87 and a 12-month high of C$25.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.55 and a quick ratio of 25.31. The firm’s 50 day moving average is C$22.62 and its 200-day moving average is C$21.65.

Wall Street Analysts Forecast Growth

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