MAG Silver Corp. (NYSEAMERICAN:MAG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,846 shares of the company's stock after selling 49,503 shares during the period. Dimensional Fund Advisors LP owned about 0.16% of MAG Silver worth $2,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Barclays PLC grew its holdings in shares of MAG Silver by 211.5% in the third quarter. Barclays PLC now owns 30,780 shares of the company's stock valued at $432,000 after purchasing an additional 20,899 shares during the period. JPMorgan Chase & Co. raised its holdings in MAG Silver by 69.1% during the third quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company's stock worth $6,407,000 after purchasing an additional 186,445 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in MAG Silver in the 4th quarter valued at $240,000. Allspring Global Investments Holdings LLC increased its stake in MAG Silver by 56.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 278,000 shares of the company's stock valued at $3,781,000 after buying an additional 100,500 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of MAG Silver by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 114,355 shares of the company's stock worth $1,550,000 after purchasing an additional 755 shares in the last quarter. 52.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MAG. Roth Mkm reduced their target price on shares of MAG Silver from $16.50 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. HC Wainwright reissued a "buy" rating and set a $22.00 price target 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. StockNews.com upgraded MAG Silver from a "sell" rating to a "hold" rating in a research note on Monday, March 31st. Finally, Canaccord Genuity Group cut MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $18.60.

MAG Silver Stock Down 1.0%

MAG opened at $17.82 on Thursday. The stock has a fifty day moving average of $15.49 and a 200-day moving average of $15.35. MAG Silver Corp. has a 12-month low of $11.29 and a 12-month high of $19.17. The firm has a market capitalization of $1.84 billion, a P/E ratio of 25.10 and a beta of 1.09.

MAG Silver Announces Dividend

The company also recently announced a -- dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a yield of 0.5%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.