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

MAG Silver Corp. (NYSEAMERICAN:MAG) declared 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 of this dividend is Friday, April 4th.

MAG Silver Trading Down 1.7 %

Shares of NYSEAMERICAN MAG traded down $0.28 during trading hours on Tuesday, reaching $16.48. The stock had a trading volume of 687,867 shares, compared to its average volume of 614,108. MAG Silver has a 52-week low of $8.97 and a 52-week high of $18.27. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 23.21 and a beta of 1.09. The company has a fifty day moving average price of $15.53.

Wall Street Analysts Forecast Growth

MAG has been the topic of several research reports. HC Wainwright raised their price target on MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Roth Mkm cut their target price on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, TD Securities raised shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. Four research 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 company’s stock. According to MarketBeat, MAG Silver currently has a consensus rating of “Moderate Buy” and a consensus 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.