MAG Silver (TSE:MAG) Given New C$31.70 Price Target at Cormark

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price hoisted by Cormark from C$25.10 to C$31.70 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. TD Securities downgraded shares of MAG Silver from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, May 22nd. Finally, HC Wainwright cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$27.19.

MAG Silver Price Performance

MAG stock opened at C$31.99 on Tuesday. MAG Silver has a one year low of C$15.89 and a one year high of C$32.00. The company’s fifty day moving average price is C$29.40 and its 200-day moving average price is C$24.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 32.55. The company has a market capitalization of C$2.32 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

MAG Silver Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Monday, August 18th will be given a $0.144 dividend. This represents a $0.58 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 18th.

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%).