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

MAG Silver Corp. (NYSEAMERICAN:MAG) announced a — dividend on Monday, March 24th, Wall Street Journal reports. Investors 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 Performance

MAG Silver stock opened at $16.48 on Wednesday. The company has a market capitalization of $1.70 billion, a PE ratio of 23.21 and a beta of 1.09. MAG Silver has a 12-month low of $8.97 and a 12-month high of $18.27. The company has a 50-day simple moving average of $15.58.

Analyst Ratings Changes

MAG has been the topic of a number of research analyst reports. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. HC Wainwright boosted their price objective on MAG Silver from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Roth Mkm dropped their target price on MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

About MAG Silver

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.