MAG Silver Corp. (NYSEAMERICAN:MAG) Given Average Recommendation of "Moderate Buy" by Brokerages

MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.60.

MAG has been the subject of several research analyst reports. HC Wainwright reissued a "buy" rating and set a $22.00 price objective on shares of MAG Silver in a research note on Thursday. Roth Capital set a $16.00 price objective on shares of MAG Silver in a research report on Tuesday, March 25th. StockNews.com raised shares of MAG Silver from a "sell" rating to a "hold" rating in a research note on Monday, March 31st. Raymond James restated an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. Finally, Scotiabank reiterated a "sector perform" rating on shares of MAG Silver in a research report on Monday, April 14th.

Institutional Investors Weigh In On MAG Silver

Several institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its stake in 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 worth $106,379,000 after acquiring an additional 2,486,538 shares during the period. Millennium Management LLC increased its position in MAG Silver by 3,324.7% during the 4th quarter. Millennium Management LLC now owns 886,203 shares of the company's stock valued at $12,052,000 after purchasing an additional 860,326 shares during the period. Raymond James Financial Inc. bought a new position in MAG Silver in the 4th quarter worth $3,482,000. Sprott Inc. lifted its position in shares of MAG Silver by 8.5% in the 4th quarter. Sprott Inc. now owns 2,649,507 shares of the company's stock worth $36,004,000 after purchasing an additional 208,252 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of MAG Silver by 69.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company's stock valued at $6,407,000 after purchasing an additional 186,445 shares in the last quarter. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

MAG Silver Trading Down 1.6 %

Shares of MAG stock traded down $0.25 during trading hours on Monday, reaching $15.47. The stock had a trading volume of 118,034 shares, compared to its average volume of 682,955. The stock's fifty day simple moving average is $15.49 and its 200 day simple moving average is $15.26. The firm has a market capitalization of $1.60 billion, a PE ratio of 21.79 and a beta of 1.09. MAG Silver has a 12 month low of $11.29 and a 12 month high of $18.27.

MAG Silver Announces Dividend

The firm also recently declared a -- dividend, which was paid on Monday, April 21st. Shareholders of record on Friday, April 4th were paid a $0.18 dividend. This represents a yield of 1.5%. The ex-dividend date was Friday, April 4th. MAG Silver's dividend payout ratio is presently 101.41%.

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.