Tradition Wealth Management LLC Purchases Shares of 16,323 MAG Silver Corp. (NYSEAMERICAN:MAG)

Tradition Wealth Management LLC acquired a new position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,323 shares of the company's stock, valued at approximately $222,000.

A number of other institutional investors also recently modified their holdings of MAG. CIBC Asset Management Inc grew its position in MAG Silver by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 114,355 shares of the company's stock worth $1,550,000 after acquiring an additional 755 shares during the last quarter. Swiss National Bank grew its position in MAG Silver by 0.6% during the 4th quarter. Swiss National Bank now owns 193,900 shares of the company's stock worth $2,633,000 after acquiring an additional 1,200 shares during the last quarter. Geode Capital Management LLC grew its position in MAG Silver by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 50,088 shares of the company's stock worth $687,000 after acquiring an additional 1,245 shares during the last quarter. Pictet Asset Management Holding SA grew its position in MAG Silver by 20.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 17,792 shares of the company's stock worth $242,000 after acquiring an additional 3,029 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in MAG Silver in the 4th quarter valued at $156,000. Institutional investors own 52.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAG. TD Securities upgraded MAG Silver to a "strong-buy" rating in a research report on Monday, March 10th. Roth Mkm decreased their price objective 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. StockNews.com upgraded MAG Silver from a "sell" rating to a "hold" rating in a research report on Monday, March 31st. Roth Capital set a $16.00 price objective on MAG Silver in a research report on Tuesday, March 25th. Finally, Raymond James reiterated an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.60.

MAG Silver Price Performance

Shares of MAG stock traded down $0.24 during trading hours on Friday, reaching $15.48. The company had a trading volume of 366,224 shares, compared to its average volume of 686,282. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 21.80 and a beta of 1.09. MAG Silver Corp. has a 1-year low of $11.29 and a 1-year high of $18.27. The company has a 50 day moving average of $15.48 and a 200 day moving average of $15.27.

MAG Silver Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Monday, April 21st. Investors of record on Friday, April 4th were paid a dividend of $0.18 per share. This represents a yield of 1.5%. The ex-dividend date of this dividend was Friday, April 4th. MAG Silver's payout ratio is presently 101.41%.

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.