UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 120,620 shares of the company's stock after selling 13,944 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of MAG Silver worth $1,640,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. First Eagle Investment Management LLC grew its holdings in MAG Silver by 46.4% in the 4th quarter. First Eagle Investment Management LLC now owns 7,839,793 shares of the company's stock valued at $106,379,000 after buying an additional 2,486,538 shares during the period. Millennium Management LLC boosted its holdings in shares of MAG Silver by 3,324.7% in the 4th quarter. Millennium Management LLC now owns 886,203 shares of the company's stock valued at $12,052,000 after buying an additional 860,326 shares during the period. Raymond James Financial Inc. bought a new position in shares of MAG Silver during the fourth quarter valued at approximately $3,482,000. Sprott Inc. increased its position 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 buying an additional 208,252 shares during the period. Finally, Monaco Asset Management SAM lifted 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 valued at $3,142,000 after buying an additional 148,922 shares during the last quarter. Institutional investors and hedge funds own 52.50% of the company's stock.
MAG Silver Price Performance
MAG traded up $0.15 on Thursday, hitting $21.42. The company had a trading volume of 1,968,575 shares, compared to its average volume of 1,164,680. The company's fifty day moving average price is $16.95 and its 200 day moving average price is $15.91. MAG Silver Corp. has a 1-year low of $11.29 and a 1-year high of $21.83. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 30.17 and a beta of 1.09.
MAG Silver Dividend Announcement
The business also recently announced a -- dividend, which was paid on Wednesday, May 28th. Investors 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 currently 101.41%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on MAG shares. Wall Street Zen raised MAG Silver from a "sell" rating to a "hold" rating in a research note on Monday, March 31st. Roth Capital set a $16.00 target price on MAG Silver in a report on Tuesday, March 25th. Canaccord Genuity Group downgraded MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. TD Securities lowered MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 22nd. Finally, Roth Mkm cut 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. One 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.13.
View Our Latest Report on MAG Silver
MAG Silver Profile
(
Free Report)
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.
See Also
Before you consider MAG Silver, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MAG Silver wasn't on the list.
While MAG Silver currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
