MAG Silver Corp. (TSE:MAG) Receives Consensus Rating of “Moderate Buy” from Analysts

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

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

MAG Silver Stock Performance

MAG Silver stock opened at C$19.08 on Friday. The firm’s 50 day simple moving average is C$22.57 and its 200 day simple moving average is C$21.71. 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. The firm has a market capitalization of C$1.38 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

MAG Silver Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 21st will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.08 annualized dividend 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%).