MAG Silver (NYSEAMERICAN:MAG - Free Report) had its price target increased by HC Wainwright from $21.00 to $22.00 in a report published on Tuesday, MarketBeat reports. The firm currently has a buy rating on the stock. HC Wainwright also issued estimates for MAG Silver's FY2025 earnings at $1.01 EPS.
Separately, TD Securities upgraded MAG Silver to a "strong-buy" rating in a report on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.00.
Check Out Our Latest Research Report on MAG Silver
MAG Silver Stock Down 5.6 %
Shares of MAG Silver stock traded down $0.93 on Tuesday, hitting $15.70. The stock had a trading volume of 1,089,570 shares, compared to its average volume of 628,689. MAG Silver has a twelve month low of $10.62 and a twelve month high of $18.27. The company has a 50 day moving average of $15.70. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 22.11 and a beta of 1.09.
MAG Silver Dividend Announcement
The firm also recently announced a -- dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a dividend yield of 1.5%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in MAG. Barclays PLC lifted its position in MAG Silver by 211.5% in the 3rd quarter. Barclays PLC now owns 30,780 shares of the company's stock valued at $432,000 after acquiring an additional 20,899 shares in the last quarter. Swiss National Bank lifted its holdings in shares of MAG Silver by 0.6% in the fourth quarter. Swiss National Bank now owns 193,900 shares of the company's stock valued at $2,633,000 after purchasing an additional 1,200 shares in the last quarter. Intact Investment Management Inc. boosted its position in shares of MAG Silver by 21.3% during the fourth quarter. Intact Investment Management Inc. now owns 307,433 shares of the company's stock valued at $4,176,000 after buying an additional 54,033 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in MAG Silver during the fourth quarter worth $240,000. Finally, Raymond James Financial Inc. purchased a new stake in MAG Silver in the 4th quarter valued at $3,482,000. Institutional investors own 52.50% of the company's stock.
MAG Silver Company Profile
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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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