Shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) rose 5.3% during trading on Thursday . The stock traded as high as $21.24 and last traded at $21.22. Approximately 1,103,130 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 1,073,466 shares. The stock had previously closed at $20.15.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Scotiabank restated a "sector perform" rating on shares of MAG Silver in a research report on Monday, April 14th. Roth Capital set a $16.00 price target on MAG Silver in a report on Tuesday, March 25th. Raymond James restated an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. Wall Street Zen raised MAG Silver from a "sell" rating to a "hold" rating in a research note on Monday, March 31st. Finally, HC Wainwright reissued a "buy" rating and issued a $22.00 target price 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 assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, MAG Silver has a consensus rating of "Hold" and an average price target of $18.13.
Check Out Our Latest Stock Report on MAG Silver
MAG Silver Stock Down 0.0%
The company has a 50 day moving average of $16.55 and a 200 day moving average of $15.77. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 29.83 and a beta of 1.09.
MAG Silver Announces Dividend
The business also recently disclosed a -- dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were paid a dividend of $0.18 per share. This represents a dividend yield of 0.5%. The ex-dividend date was Monday, May 19th. MAG Silver's dividend payout ratio is currently 101.41%.
Hedge Funds Weigh In On MAG Silver
Large investors have recently bought and sold shares of the stock. Banque Cantonale Vaudoise purchased a new position in shares of MAG Silver in the 1st quarter worth about $37,000. Northwest & Ethical Investments L.P. increased its position in MAG Silver by 39.3% during 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 in the last quarter. Aigen Investment Management LP purchased a new position in MAG Silver in the fourth quarter valued at approximately $156,000. D. E. Shaw & Co. Inc. acquired a new position in MAG Silver during the fourth quarter valued at approximately $156,000. Finally, D.A. Davidson & CO. purchased a new stake in MAG Silver during the first quarter worth approximately $167,000. Hedge funds and other institutional investors own 52.50% of the company's stock.
About MAG Silver
(
Get Free Report)
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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