MAG Silver Corp. Announces — Dividend of $0.18 (NYSEAMERICAN:MAG)

MAG Silver Corp. (NYSEAMERICAN:MAG) 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 is Friday, April 4th.

MAG Silver Stock Up 0.5 %

MAG Silver stock 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 business has a 50-day moving average price of $15.75. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 21.63 and a beta of 1.09.

Analyst Ratings Changes

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