MAG Silver Corporation (NYSEAMERICAN:MAG) Receives Average Rating of "Hold" from Brokerages

MAG Silver Corporation (NYSEAMERICAN:MAG - Get Free Report) has been given a consensus recommendation of "Hold" by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.38.

Several analysts have commented on the company. Scotiabank restated a "sector perform" rating on shares of MAG Silver in a report on Monday, April 14th. Wall Street Zen upgraded shares of MAG Silver from a "sell" rating to a "hold" rating in a report on Monday, March 31st. HC Wainwright reaffirmed a "buy" rating and set a $22.00 price target on shares of MAG Silver in a research report on Thursday, April 24th. Canaccord Genuity Group lowered shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Finally, Raymond James Financial restated an "outperform" rating on shares of MAG Silver in a report on Tuesday, March 25th.

MAG Silver Stock Up 1.2%

Shares of MAG stock opened at $21.63 on Friday. The stock has a market cap of $2.24 billion, a P/E ratio of 24.58 and a beta of 0.75. MAG Silver has a fifty-two week low of $11.29 and a fifty-two week high of $21.83. The business has a fifty day simple moving average of $19.18 and a 200-day simple moving average of $16.45.

MAG Silver Announces Dividend

The company also recently announced a -- dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 0.5%. MAG Silver's payout ratio is currently 33.80%.

Institutional Trading of MAG Silver

Hedge funds and other institutional investors have recently modified their holdings of the business. Banque Cantonale Vaudoise acquired a new stake in MAG Silver in the first quarter valued at $37,000. Northwest & Ethical Investments L.P. increased its position in shares of MAG Silver by 39.3% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 8,178 shares of the company's stock worth $124,000 after purchasing an additional 2,308 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of MAG Silver in the 1st quarter worth about $167,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of MAG Silver in the 4th quarter valued at about $156,000. Finally, Aigen Investment Management LP bought a new position in shares of MAG Silver during the fourth quarter worth about $156,000. 52.50% of the stock is owned by hedge funds and other institutional investors.

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.

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