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

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 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 Trading Down 1.7 %

MAG stock traded down $0.28 during trading on Tuesday, hitting $16.48. 687,867 shares of the stock traded hands, compared to its average volume of 614,108. The stock has a market capitalization of $1.70 billion, a PE ratio of 23.21 and a beta of 1.09. MAG Silver has a 1 year low of $8.97 and a 1 year high of $18.27. The stock has a 50 day simple moving average of $15.53.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MAG. Roth Mkm dropped their target price on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday. HC Wainwright raised their price target on MAG Silver from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, TD Securities upgraded 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.