U S Global Investors Inc. Makes New Investment in MAG Silver Corporation (NYSEAMERICAN:MAG)

U S Global Investors Inc. bought a new stake in MAG Silver Corporation (NYSEAMERICAN:MAG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. D. E. Shaw & Co. Inc. acquired a new stake in MAG Silver in the fourth quarter valued at about $156,000. Aigen Investment Management LP acquired a new stake in shares of MAG Silver in the 4th quarter valued at approximately $156,000. Susquehanna Fundamental Investments LLC acquired a new position in MAG Silver during the fourth quarter worth $188,000. Tradition Wealth Management LLC acquired a new position in shares of MAG Silver during the 4th quarter worth $222,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of MAG Silver by 20.5% during the 4th 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on MAG shares. Scotiabank reaffirmed a "sector perform" rating on shares of MAG Silver in a research note on Monday, April 14th. Canaccord Genuity Group downgraded MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Roth Mkm decreased 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. Wall Street Zen upgraded shares of MAG Silver from a "sell" rating to a "hold" rating in a report on Monday, March 31st. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of MAG Silver in a 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 given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $19.38.

MAG Silver Stock Performance

MAG Silver stock traded down $0.01 during midday trading on Tuesday, reaching $21.12. 1,076,783 shares of the company were exchanged, compared to its average volume of 1,243,952. The firm's 50-day simple moving average is $18.70 and its 200-day simple moving average is $16.36. MAG Silver Corporation has a 1 year low of $11.29 and a 1 year high of $21.83. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 24.00 and a beta of 0.73.

MAG Silver Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were given 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 is presently 33.80%.

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.