Integrated Advisors Network LLC Buys 17,100 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

Integrated Advisors Network LLC raised its stake in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,250 shares of the company's stock after acquiring an additional 17,100 shares during the quarter. Integrated Advisors Network LLC owned about 0.06% of MAG Silver worth $833,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in MAG Silver by 0.7% in the 4th quarter. CIBC Asset Management Inc now owns 114,355 shares of the company's stock valued at $1,550,000 after acquiring an additional 755 shares during the period. Swiss National Bank raised its holdings in MAG Silver by 0.6% in the 4th quarter. Swiss National Bank now owns 193,900 shares of the company's stock valued at $2,633,000 after acquiring an additional 1,200 shares during the period. Geode Capital Management LLC increased its holdings in shares of MAG Silver by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 50,088 shares of the company's stock worth $687,000 after purchasing an additional 1,245 shares during the period. Bank of America Corp DE increased its holdings in shares of MAG Silver by 5.1% during the fourth quarter. Bank of America Corp DE now owns 49,779 shares of the company's stock worth $677,000 after purchasing an additional 2,399 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in shares of MAG Silver by 20.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,792 shares of the company's stock worth $242,000 after purchasing an additional 3,029 shares during the period. 52.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MAG has been the topic of several recent research reports. Wall Street Zen raised shares of MAG Silver from a "sell" rating to a "hold" rating in a report on Monday, March 31st. TD Securities cut shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, May 22nd. 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. Roth Mkm lowered their target price on shares of MAG Silver from $16.50 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, Raymond James reaffirmed an "outperform" rating on shares of MAG Silver in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $18.13.

MAG Silver Price Performance

NYSEAMERICAN:MAG traded up $0.04 during mid-day trading on Friday, reaching $18.68. The stock had a trading volume of 1,180,234 shares, compared to its average volume of 1,042,103. The stock has a 50-day simple moving average of $16.09 and a two-hundred day simple moving average of $15.61. The stock has a market capitalization of $1.93 billion, a PE ratio of 26.31 and a beta of 1.09. MAG Silver Corp. has a 12 month low of $11.29 and a 12 month high of $19.17.

MAG Silver Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 0.5%. MAG Silver's dividend payout ratio (DPR) is 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.