Two Sigma Investments LP Invests $401,000 in MAG Silver Corp. (NYSEAMERICAN:MAG)

Two Sigma Investments LP purchased a new stake in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 29,453 shares of the company's stock, valued at approximately $401,000.

Several other large investors have also recently added to or reduced their stakes in MAG. First Eagle Investment Management LLC raised its holdings in shares of MAG Silver by 46.4% in the fourth quarter. First Eagle Investment Management LLC now owns 7,839,793 shares of the company's stock valued at $106,379,000 after purchasing an additional 2,486,538 shares during the last quarter. Millennium Management LLC raised its position in MAG Silver by 3,324.7% in the 4th quarter. Millennium Management LLC now owns 886,203 shares of the company's stock worth $12,052,000 after purchasing an additional 860,326 shares during the period. Raymond James Financial Inc. purchased a new position in shares of MAG Silver in the fourth quarter valued at about $3,482,000. Sprott Inc. lifted its stake in MAG Silver by 8.5% in the fourth quarter. Sprott Inc. now owns 2,649,507 shares of the company's stock worth $36,004,000 after acquiring an additional 208,252 shares during the period. Finally, Monaco Asset Management SAM grew its stake in MAG Silver by 181.2% in the fourth quarter. Monaco Asset Management SAM now owns 231,122 shares of the company's stock worth $3,142,000 after purchasing an additional 148,922 shares during the period. Institutional investors own 52.50% of the company's stock.

Analysts Set New Price Targets

MAG has been the topic of a number of research analyst reports. HC Wainwright reiterated a "buy" rating and issued a $22.00 target price on shares of MAG Silver in a research report on Thursday, April 24th. Canaccord Genuity Group cut shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Roth Mkm decreased their price objective on MAG Silver from $16.50 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Scotiabank reiterated a "sector perform" rating on shares of MAG Silver in a research note on Monday, April 14th. Finally, TD Securities cut shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.13.

MAG Silver Price Performance

MAG remained flat at $21.42 on Friday. The company had a trading volume of 1,684,135 shares, compared to its average volume of 1,168,349. MAG Silver Corp. has a 1 year low of $11.29 and a 1 year high of $21.83. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 30.17 and a beta of 1.09. The business has a 50 day moving average of $17.29 and a two-hundred day moving average of $16.01.

MAG Silver Announces Dividend

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