MAG Silver Target of Unusually Large Options Trading (NYSEAMERICAN:MAG)

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

MAG Silver Trading Up 0.8%

Shares of NYSEAMERICAN MAG traded up $0.15 during trading hours on Thursday, reaching $17.97. The stock had a trading volume of 1,740,334 shares, compared to its average volume of 972,971. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 25.31 and a beta of 1.09. The business's fifty day moving average price is $15.49 and its two-hundred day moving average price is $15.35. 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 declared a -- dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th will be given a dividend of $0.18 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, May 19th. MAG Silver's payout ratio is presently 101.41%.

Hedge Funds Weigh In On MAG Silver

A number of large investors have recently made changes to their positions in MAG. First Eagle Investment Management LLC boosted its holdings in MAG Silver by 46.4% in the fourth quarter. First Eagle Investment Management LLC now owns 7,839,793 shares of the company's stock valued at $106,379,000 after purchasing an additional 2,486,538 shares during the last quarter. Sprott Inc. raised its holdings in MAG Silver by 8.5% in the 4th quarter. Sprott Inc. now owns 2,649,507 shares of the company's stock valued at $36,004,000 after acquiring an additional 208,252 shares during the last quarter. Royal Bank of Canada grew its stake in shares of MAG Silver by 8.6% in the 1st quarter. Royal Bank of Canada now owns 1,660,583 shares of the company's stock valued at $25,374,000 after buying an additional 131,813 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of MAG Silver by 20.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,399,405 shares of the company's stock valued at $21,290,000 after buying an additional 237,800 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of MAG Silver by 4.1% during the 1st quarter. TD Asset Management Inc now owns 1,116,157 shares of the company's stock worth $16,976,000 after purchasing an additional 43,822 shares during the period. 52.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on MAG shares. Raymond James reaffirmed an "outperform" rating on shares of MAG Silver in a research note on Tuesday, March 25th. Canaccord Genuity Group lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday. StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a research note on Monday, March 31st. TD Securities raised MAG Silver to a "strong-buy" rating in a research report on Monday, March 10th. Finally, Roth Capital set a $16.00 price target on MAG Silver in a research report on Tuesday, March 25th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $18.60.

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.