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

MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $18.13.

A number of analysts recently issued reports on MAG shares. Canaccord Genuity Group cut MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. TD Securities raised MAG Silver to a "strong-buy" rating in a research note on Monday, March 10th. Scotiabank reaffirmed a "sector perform" rating on shares of MAG Silver in a research report on Monday, April 14th. Roth Mkm reduced their price target on MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Finally, StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a research report on Monday, March 31st.

Institutional Investors Weigh In On MAG Silver

Large investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise acquired a new stake in shares of MAG Silver in the 1st quarter valued at approximately $37,000. Northwest & Ethical Investments L.P. lifted its holdings in MAG Silver by 39.3% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 8,178 shares of the company's stock valued at $124,000 after purchasing an additional 2,308 shares during the last quarter. Aigen Investment Management LP acquired a new stake in MAG Silver during the 4th quarter valued at $156,000. D. E. Shaw & Co. Inc. acquired a new stake in MAG Silver during the 4th quarter valued at $156,000. Finally, D.A. Davidson & CO. acquired a new stake in MAG Silver during the 1st quarter valued at $167,000. Institutional investors and hedge funds own 52.50% of the company's stock.

MAG Silver Stock Performance

NYSEAMERICAN MAG traded up $0.21 during trading hours on Friday, reaching $18.63. 1,374,017 shares of the company's stock were exchanged, compared to its average volume of 1,031,698. The company's 50-day moving average is $15.76 and its two-hundred day moving average is $15.45. MAG Silver has a one year low of $11.29 and a one year high of $19.17. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 26.24 and a beta of 1.09.

MAG Silver Dividend Announcement

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