Brokerages Set MAG Silver Corp. (TSE:MAG) PT at C$25.58

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$25.58.

Several equities analysts have recently issued reports on MAG shares. Raymond James lifted their price target on MAG Silver from C$26.00 to C$27.00 in a research note on Tuesday, March 25th. TD Securities upgraded MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th.

MAG Silver Stock Performance

Shares of MAG Silver stock opened at C$18.97 on Friday. The company has a 50 day moving average of C$22.53 and a 200-day moving average of C$21.73. The company has a market cap of C$1.38 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. MAG Silver has a 1-year low of C$15.64 and a 1-year high of C$25.36.

MAG Silver Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 21st will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.42%.

MAG Silver Company Profile

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%).