Investors Purchase Large Volume of MAG Silver Call Options (NYSEAMERICAN:MAG)

MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) was the target of unusually large options trading activity on Monday. Stock traders bought 4,873 call options on the company. This represents an increase of 395% compared to the typical daily volume of 985 call options.

Institutional Trading of MAG Silver

Hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise acquired a new position in shares of MAG Silver in the 1st quarter valued at $37,000. Northwest & Ethical Investments L.P. increased its position in shares of 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. D.A. Davidson & CO. acquired a new stake in shares of MAG Silver during the 1st quarter worth about $167,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of MAG Silver during the 4th quarter worth about $156,000. Finally, Aigen Investment Management LP acquired a new stake in shares of MAG Silver during the 4th quarter worth about $156,000. 52.50% of the stock is owned by institutional investors.

MAG Silver Stock Down 0.7%

MAG Silver stock traded down $0.13 during mid-day trading on Friday, reaching $17.84. The company had a trading volume of 3,970,856 shares, compared to its average volume of 1,005,211. MAG Silver has a 52 week low of $11.29 and a 52 week high of $19.17. The company has a 50 day moving average of $15.61 and a 200-day moving average of $15.40. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 25.13 and a beta of 1.09.

MAG Silver Announces Dividend

The business also recently declared a -- dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th will be issued a $0.18 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, May 19th. MAG Silver's dividend payout ratio (DPR) is presently 101.41%.

Wall Street Analysts Forecast Growth

MAG has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of MAG Silver from a "sell" rating to a "hold" rating in a report on Monday, March 31st. TD Securities upgraded shares of MAG Silver to a "strong-buy" rating in a report on Monday, March 10th. Roth Mkm cut their price target 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. 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, Roth Capital set a $16.00 price target on shares of MAG Silver in a report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, MAG Silver has an average rating of "Moderate Buy" and a consensus target price of $18.13.

About MAG Silver

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.