MAG Silver Corp. (NYSEAMERICAN:MAG) Given Consensus Recommendation of "Moderate Buy" by Analysts

MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $18.13.

Several analysts have commented on MAG shares. Canaccord Genuity Group cut shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday. Roth Capital set a $16.00 price objective on MAG Silver in a research report on Tuesday, March 25th. Roth Mkm dropped their target price on MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Scotiabank reissued a "sector perform" rating on shares of MAG Silver in a research note on Monday, April 14th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $22.00 price objective on shares of MAG Silver in a research note on Thursday, April 24th.

MAG Silver Price Performance

MAG stock opened at $17.97 on Friday. The company's 50 day simple moving average is $15.56 and its 200-day simple moving average is $15.38. MAG Silver has a 12 month low of $11.29 and a 12 month high of $19.17. The firm has a market capitalization of $1.86 billion, a PE ratio of 25.31 and a beta of 1.09.

MAG Silver Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 19th will be paid a $0.18 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, May 19th. MAG Silver's dividend payout ratio (DPR) is 101.41%.

Institutional Investors Weigh In On MAG Silver

Hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc raised its stake in shares of MAG Silver by 0.7% in the 4th quarter. CIBC Asset Management Inc now owns 114,355 shares of the company's stock valued at $1,550,000 after purchasing an additional 755 shares in the last quarter. Rathbones Group PLC increased its holdings in MAG Silver by 4.8% in the first quarter. Rathbones Group PLC now owns 16,957 shares of the company's stock valued at $259,000 after buying an additional 770 shares during the last quarter. Swiss National Bank raised its stake in MAG Silver by 0.6% during the fourth quarter. Swiss National Bank now owns 193,900 shares of the company's stock valued at $2,633,000 after buying an additional 1,200 shares in the last quarter. Geode Capital Management LLC lifted its holdings in MAG Silver by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 50,088 shares of the company's stock worth $687,000 after buying an additional 1,245 shares during the last quarter. Finally, Veracity Capital LLC lifted its holdings in MAG Silver by 8.1% during the 1st quarter. Veracity Capital LLC now owns 18,611 shares of the company's stock worth $284,000 after buying an additional 1,401 shares during the last quarter. Institutional investors and hedge funds own 52.50% of the company's stock.

About MAG Silver

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.

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