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

MAG Silver Corp. (NYSEAMERICAN:MAG) declared a — dividend on Tuesday, March 25th, Wall Street Journal reports. Investors of record on Friday, April 4th will be given 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 Stock Down 1.7 %

Shares of MAG Silver stock traded down $0.28 during mid-day trading on Tuesday, hitting $16.48. 676,315 shares of the stock were exchanged, compared to its average volume of 613,902. MAG Silver has a 12 month low of $8.97 and a 12 month high of $18.27. The firm’s 50-day moving average is $15.53. The stock has a market capitalization of $1.70 billion, a P/E ratio of 23.21 and a beta of 1.09.

Analyst Upgrades and Downgrades

Several research firms recently commented on MAG. HC Wainwright upped their price objective on MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. TD Securities raised MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Finally, Roth Mkm cut their target price on shares of 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 given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, MAG Silver currently has an average rating of “Moderate Buy” and an average target price of $18.50.

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.