MAG Silver Corp. (NYSEAMERICAN:MAG) Position Increased by Eschler Asset Management LLP

Eschler Asset Management LLP lifted its stake in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 83.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,000 shares of the company's stock after buying an additional 25,000 shares during the period. MAG Silver makes up 1.8% of Eschler Asset Management LLP's portfolio, making the stock its 18th biggest position. Eschler Asset Management LLP owned 0.05% of MAG Silver worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. purchased a new stake in shares of MAG Silver in the fourth quarter worth about $156,000. Bank of America Corp DE boosted its holdings in MAG Silver by 5.1% in the fourth quarter. Bank of America Corp DE now owns 49,779 shares of the company's stock valued at $677,000 after purchasing an additional 2,399 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in MAG Silver in the fourth quarter valued at about $188,000. Tradition Wealth Management LLC purchased a new position in MAG Silver in the fourth quarter valued at about $222,000. Finally, Marshall Wace LLP purchased a new position in MAG Silver in the fourth quarter valued at about $274,000. Hedge funds and other institutional investors own 52.50% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MAG. Roth Mkm reduced their price target on MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a report on Monday, March 31st. HC Wainwright reaffirmed a "buy" rating and set a $22.00 target price on shares of MAG Silver in a report on Thursday, April 24th. Scotiabank reaffirmed a "sector perform" rating on shares of MAG Silver in a report on Monday, April 14th. Finally, TD Securities raised MAG Silver to a "strong-buy" rating in a report on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.60.

MAG Silver Price Performance

Shares of MAG traded up $0.99 during trading hours on Friday, hitting $16.92. 1,321,055 shares of the company were exchanged, compared to its average volume of 681,392. The company has a market capitalization of $1.75 billion, a PE ratio of 23.83 and a beta of 1.09. The firm has a fifty day simple moving average of $15.31 and a 200-day simple moving average of $15.31. MAG Silver Corp. has a one year low of $11.29 and a one year high of $18.27.

MAG Silver Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th will be given a $0.18 dividend. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 0.5%. MAG Silver's dividend payout ratio (DPR) is presently 101.41%.

MAG Silver 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.