MAG Silver Corp. (NYSEAMERICAN:MAG) Receives Consensus Rating of "Hold" from Analysts

MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) has earned a consensus rating of "Hold" from the seven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.13.

Several equities research analysts have recently issued reports on the stock. HC Wainwright reissued a "buy" rating and set a $22.00 price objective on shares of MAG Silver in a research report on Thursday, April 24th. TD Securities downgraded MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, May 22nd. Raymond James reaffirmed an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. Roth Capital set a $16.00 price objective on MAG Silver in a report on Tuesday, March 25th. Finally, Roth Mkm dropped their target price on MAG Silver from $16.50 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th.

Institutional Trading of MAG Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its position 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 period. Millennium Management LLC raised its holdings in 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 acquiring an additional 860,326 shares during the period. Goldman Sachs Group Inc. raised its holdings in MAG Silver by 124.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 805,198 shares of the company's stock valued at $12,303,000 after acquiring an additional 446,543 shares during the period. Alps Advisors Inc. lifted its position in MAG Silver by 711.6% during the first quarter. Alps Advisors Inc. now owns 392,675 shares of the company's stock worth $6,000,000 after acquiring an additional 344,290 shares during the last quarter. Finally, Monaco Asset Management SAM boosted its holdings in shares of MAG Silver by 127.6% during the first quarter. Monaco Asset Management SAM now owns 526,000 shares of the company's stock worth $8,034,000 after acquiring an additional 294,878 shares during the period. 52.50% of the stock is owned by institutional investors.

MAG Silver Stock Performance

Shares of MAG stock remained flat at $21.42 during trading hours on Tuesday. The stock had a trading volume of 1,330,700 shares, compared to its average volume of 1,166,220. MAG Silver has a one year low of $11.29 and a one year high of $21.83. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 30.17 and a beta of 1.09. The firm's fifty day simple moving average is $17.11 and its 200 day simple moving average is $15.97.

MAG Silver Dividend Announcement

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