MAG Silver Corp. (NYSEAMERICAN:MAG) Position Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,846 shares of the company's stock after selling 49,503 shares during the quarter. Dimensional Fund Advisors LP owned 0.16% of MAG Silver worth $2,214,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. First Eagle Investment Management LLC grew 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. Sprott Inc. grew its position in shares of MAG Silver by 8.5% in the fourth quarter. Sprott Inc. now owns 2,649,507 shares of the company's stock valued at $36,004,000 after purchasing an additional 208,252 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of MAG Silver by 6.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,161,605 shares of the company's stock valued at $15,762,000 after purchasing an additional 73,205 shares during the period. Amundi grew its position in shares of MAG Silver by 34.3% in the fourth quarter. Amundi now owns 507,941 shares of the company's stock valued at $7,264,000 after purchasing an additional 129,627 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of MAG Silver by 69.1% in the third 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 during the period. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MAG has been the subject of a number of recent analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $22.00 price objective on shares of MAG Silver in a research report on Thursday, April 24th. Raymond James reissued an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. Canaccord Genuity Group downgraded MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Roth Mkm lowered 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. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, MAG Silver currently has an average rating of "Moderate Buy" and an average price target of $18.13.

MAG Silver Price Performance

Shares of MAG traded down $0.01 during trading hours on Tuesday, hitting $18.10. 244,399 shares of the company were exchanged, compared to its average volume of 1,002,402. The company has a market capitalization of $1.87 billion, a PE ratio of 25.49 and a beta of 1.09. The firm has a fifty day simple moving average of $15.66 and a 200-day simple moving average of $15.42. MAG Silver Corp. has a one year low of $11.29 and a one year high of $19.17.

MAG Silver Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 0.5%. MAG Silver's payout ratio is currently 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.