MAG Silver (NYSEAMERICAN:MAG) Rating Lowered to Strong Sell at TD Securities

TD Securities cut shares of MAG Silver (NYSEAMERICAN:MAG - Free Report) from a strong-buy rating to a strong sell rating in a research report sent to investors on Thursday, Marketbeat.com reports.

Several other research firms also recently commented on MAG. Canaccord Genuity Group downgraded MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Raymond James reiterated an "outperform" rating on shares of MAG Silver in a research note on Tuesday, March 25th. Scotiabank reiterated a "sector perform" rating on shares of MAG Silver in a research note on Monday, April 14th. HC Wainwright reiterated a "buy" rating and issued a $22.00 price objective on shares of MAG Silver in a research note on Thursday, April 24th. Finally, Roth Mkm dropped their target price on MAG Silver from $16.50 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.13.

MAG Silver Trading Up 1.1%

Shares of MAG stock traded up $0.21 during trading on Thursday, hitting $18.67. The company's stock had a trading volume of 663,939 shares, compared to its average volume of 1,026,583. The company has a market cap of $1.93 billion, a PE ratio of 26.30 and a beta of 1.09. The business has a fifty day moving average of $15.83 and a 200-day moving average of $15.50. MAG Silver has a 52 week low of $11.29 and a 52 week high of $19.17.

MAG Silver Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 19th will be given 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 dividend payout ratio (DPR) is presently 101.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in MAG Silver by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 114,355 shares of the company's stock valued at $1,550,000 after acquiring an additional 755 shares during the last quarter. Rathbones Group PLC grew its stake in shares of MAG Silver by 4.8% during the first quarter. Rathbones Group PLC now owns 16,957 shares of the company's stock valued at $259,000 after buying an additional 770 shares during the last quarter. Swiss National Bank grew its stake in shares of MAG Silver by 0.6% during the fourth quarter. Swiss National Bank now owns 193,900 shares of the company's stock valued at $2,633,000 after buying an additional 1,200 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of MAG Silver by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 50,088 shares of the company's stock valued at $687,000 after buying an additional 1,245 shares during the last quarter. Finally, Veracity Capital LLC grew its stake in shares of MAG Silver by 8.1% during the first quarter. Veracity Capital LLC now owns 18,611 shares of the company's stock valued at $284,000 after buying an additional 1,401 shares during the last quarter. Institutional investors own 52.50% of the company's stock.

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.