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

MAG Silver Corp. (NYSEAMERICAN:MAG) declared a — dividend on Tuesday, March 25th, Wall Street Journal reports. Shareholders of record on Friday, April 4th will be given a dividend of 0.18 per share on Monday, April 21st. This represents a yield of 1.5%. The ex-dividend date is Friday, April 4th.

MAG Silver Trading Down 1.7 %

Shares of MAG Silver stock traded down $0.28 on Tuesday, hitting $16.48. 676,315 shares of the company traded hands, 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 company has a market capitalization of $1.70 billion, a P/E ratio of 23.21 and a beta of 1.09. The company’s 50-day simple moving average is $15.53.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MAG shares. TD Securities raised MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. HC Wainwright increased their price target on shares of MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Roth Mkm lowered their price objective on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.