MAG Silver Corp. (MAG) To Go Ex-Dividend on April 4th

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) declared a quarterly dividend on Friday, April 4th, TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis 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 opened at C$21.92 on Wednesday. The company’s 50 day simple moving average is C$22.62 and its two-hundred day simple moving average is C$21.65. The firm has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.55 and a quick ratio of 25.31. MAG Silver has a 1-year low of C$14.87 and a 1-year high of C$25.36.

Analyst Ratings Changes

Several research firms have recently commented on MAG. TD Securities upgraded MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. Raymond James raised 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 issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average 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%).