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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat reports. Three 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. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$25.58.

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

MAG Silver Stock Performance

Shares of TSE:MAG opened at C$19.50 on Friday. The firm 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 quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. MAG Silver has a 52 week low of C$15.64 and a 52 week high of C$25.36. The stock has a market capitalization of C$1.41 billion, a P/E ratio of 18.94, a PEG ratio of 0.84 and a beta of 1.14.

MAG Silver Announces Dividend

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 is Friday, April 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.41%.

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%).