MAG Silver Corp. (TSE:MAG) Receives C$25.58 Average Target Price from Brokerages

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$25.58.

A number of brokerages have recently commented on MAG. Raymond James boosted their price target on MAG Silver from C$26.00 to C$27.00 in a research report on Tuesday, March 25th. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a report on Monday, March 10th.

MAG Silver Price Performance

MAG opened at C$19.50 on Friday. MAG Silver has a 12-month low of C$15.64 and a 12-month high of C$25.36. The company has a market cap of C$1.41 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The stock has a fifty day simple moving average of C$22.24 and a two-hundred day simple moving average of C$21.70. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 21st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, April 4th.

About MAG Silver

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%).