MAG Silver (TSE:MAG) Cut to Strong Sell at TD Securities

TD Securities lowered shares of MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) from a strong-buy rating to a strong sell rating in a research report released on Thursday morning,Zacks.com reports.

A number of other research analysts have also recently commented on MAG. Canaccord Genuity Group cut MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. Raymond James lifted their price objective on shares of MAG Silver from C$26.00 to C$27.00 in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, MAG Silver currently has a consensus rating of “Hold” and a consensus price target of C$26.09.

MAG Silver Price Performance

TSE:MAG opened at C$25.61 on Thursday. The stock has a market cap of C$1.86 billion, a PE ratio of 24.88, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. The business’s 50-day simple moving average is C$22.13 and its two-hundred day simple moving average is C$21.88. MAG Silver has a 52 week low of C$15.64 and a 52 week high of C$26.60.

MAG Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from MAG Silver’s previous quarterly dividend of $0.02. This represents a $0.80 dividend on an annualized basis and a yield of 3.12%.

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%).