MAG Silver (NYSEMKT:MAG) Shares Up 67% – Still a Buy?

MAG Silver Corp. (NYSEMKT:MAG)’s stock price shot up 67% during trading on Thursday . The stock traded as high as $15.10 and last traded at $24.48. 694,838 shares changed hands during trading, a decline of 28% from the average session volume of 969,568 shares. The stock had previously closed at $14.66.

MAG Silver Stock Performance

The firm’s fifty day moving average is $23.20 and its 200 day moving average is $19.70. The company has a market capitalization of $2.54 billion, a P/E ratio of 24.72 and a beta of 0.73.

MAG Silver Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 18th were issued a $0.124 dividend. This represents a dividend yield of 104.0%. The ex-dividend date of this dividend was Monday, August 18th. MAG Silver’s payout ratio is presently 24.24%.

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.