75,000 Shares in MAG Silver Corporation (NYSEAMERICAN:MAG) Bought by U S Global Investors Inc.

U S Global Investors Inc. acquired a new stake in MAG Silver Corporation (NYSEAMERICAN:MAG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 75,000 shares of the company's stock, valued at approximately $1,146,000. U S Global Investors Inc. owned about 0.07% of MAG Silver as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. bought a new position in shares of MAG Silver during the fourth quarter valued at approximately $156,000. Aigen Investment Management LP bought a new position in shares of MAG Silver during the fourth quarter valued at approximately $156,000. Susquehanna Fundamental Investments LLC bought a new position in shares of MAG Silver during the fourth quarter valued at approximately $188,000. Tradition Wealth Management LLC bought a new position in shares of MAG Silver during the fourth quarter valued at approximately $222,000. Finally, Pictet Asset Management Holding SA grew 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 valued at $242,000 after purchasing an additional 3,029 shares during the last quarter. 52.50% of the stock is owned by institutional investors.

MAG Silver Stock Performance

Shares of NYSEAMERICAN MAG traded down $0.81 during trading on Friday, hitting $20.71. The company had a trading volume of 1,013,451 shares, compared to its average volume of 2,213,000. The company has a market cap of $2.14 billion, a P/E ratio of 23.53 and a beta of 0.73. MAG Silver Corporation has a 52 week low of $11.29 and a 52 week high of $21.83. The business's 50-day moving average is $18.59 and its 200 day moving average is $16.35.

MAG Silver Dividend Announcement

The business also recently declared a -- dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were paid a $0.18 dividend. This represents a dividend yield of 0.5%. The ex-dividend date was Monday, May 19th. MAG Silver's dividend payout ratio (DPR) is presently 33.80%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MAG shares. Canaccord Genuity Group lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. HC Wainwright reiterated a "buy" rating and set a $22.00 price objective on shares of MAG Silver in a research report on Thursday, April 24th. Wall Street Zen upgraded MAG Silver from a "sell" rating to a "hold" rating in a research report on Monday, March 31st. Raymond James Financial reiterated an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. Finally, Roth Capital set a $16.00 price objective on MAG Silver in a research report on Tuesday, March 25th. One equities 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 stock. According to MarketBeat.com, MAG Silver presently has an average rating of "Hold" and an average target price of $18.13.

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.