MAG Silver (NYSEAMERICAN:MAG) Downgraded by TD Securities to "Strong Sell"

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

Other research analysts also recently issued reports about the company. Scotiabank reiterated a "sector perform" rating on shares of MAG Silver in a research note on Monday, April 14th. Roth Capital set a $16.00 price target on MAG Silver in a research note on Tuesday, March 25th. Raymond James restated an "outperform" rating on shares of MAG Silver in a research note on Tuesday, March 25th. Wall Street Zen upgraded MAG Silver from a "sell" rating to a "hold" rating in a research note on Monday, March 31st. Finally, HC Wainwright restated a "buy" rating and issued a $22.00 price target on shares of MAG Silver in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $18.13.

MAG Silver Price Performance

Shares of NYSEAMERICAN:MAG traded up $0.05 during mid-day trading on Thursday, reaching $18.72. 905,367 shares of the company traded hands, compared to its average volume of 1,024,333. The company's 50 day moving average price is $15.89 and its 200-day moving average price is $15.52. The firm has a market cap of $1.93 billion, a PE ratio of 26.37 and a beta of 1.09. MAG Silver has a 52 week low of $11.29 and a 52 week high of $19.17.

MAG Silver Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, May 19th. This represents a yield of 0.5%. MAG Silver's dividend payout ratio (DPR) is currently 101.41%.

Hedge Funds Weigh In On MAG Silver

Several institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise bought a new stake in shares of MAG Silver in the 1st quarter worth about $37,000. Northwest & Ethical Investments L.P. lifted its holdings 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 acquiring 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. bought a new stake in shares of MAG Silver in the 4th quarter worth about $156,000. Finally, Aigen Investment Management LP bought a new stake in shares of MAG Silver in the 4th quarter worth about $156,000. 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.