PKO Investment Management Joint Stock Co Takes $651,000 Position in MAG Silver Corp. (NYSEAMERICAN:MAG)

PKO Investment Management Joint Stock Co purchased a new position in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 47,918 shares of the company's stock, valued at approximately $651,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Aigen Investment Management LP acquired a new position in MAG Silver during the fourth quarter worth about $156,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of MAG Silver in the 4th quarter valued at approximately $156,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of MAG Silver in the 4th quarter valued at approximately $188,000. Tradition Wealth Management LLC purchased a new stake in shares of MAG Silver in the 4th quarter valued at approximately $222,000. Finally, Strategic Financial Concepts LLC purchased a new stake in MAG Silver during the 4th quarter worth approximately $240,000. Hedge funds and other institutional investors own 52.50% of the company's stock.

Analyst Ratings Changes

MAG has been the topic of a number of recent analyst reports. Roth Mkm dropped their price objective on shares of MAG Silver from $16.50 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Raymond James restated an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. Roth Capital set a $16.00 price target on shares of MAG Silver in a report on Tuesday, March 25th. Canaccord Genuity Group downgraded shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Finally, TD Securities cut shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $18.13.

MAG Silver Stock Performance

Shares of NYSEAMERICAN MAG traded up $1.00 during mid-day trading on Monday, reaching $19.76. The company had a trading volume of 2,515,007 shares, compared to its average volume of 1,060,550. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 27.83 and a beta of 1.09. The stock has a fifty day moving average of $16.16 and a two-hundred day moving average of $15.64. MAG Silver Corp. has a 12-month low of $11.29 and a 12-month high of $19.95.

MAG Silver Dividend Announcement

The company also recently announced a -- dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were paid a dividend of $0.18 per share. This represents a yield of 0.5%. The ex-dividend date was Monday, May 19th. MAG Silver's dividend payout ratio is presently 101.41%.

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.