MAG Silver Corp. (NYSEAMERICAN:MAG) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.60.

MAG has been the subject of a number of recent research reports. HC Wainwright reiterated a "buy" rating and issued a $22.00 target price on shares of MAG Silver in a research note on Thursday. Raymond James reiterated an "outperform" rating on shares of MAG Silver in a research note on Tuesday, March 25th. TD Securities upgraded shares of MAG Silver to a "strong-buy" rating in a research note on Monday, March 10th. Scotiabank reaffirmed a "sector perform" rating on shares of MAG Silver in a report on Monday, April 14th. Finally, Roth Mkm cut their price objective 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.

Institutional Investors Weigh In On MAG Silver

A number of institutional investors have recently modified their holdings of MAG. Aigen Investment Management LP bought a new stake in MAG Silver during the 4th quarter valued at $156,000. D. E. Shaw & Co. Inc. bought a new stake in shares of MAG Silver during the fourth quarter valued at about $156,000. Susquehanna Fundamental Investments LLC acquired a new stake in MAG Silver in the fourth quarter worth about $188,000. Tradition Wealth Management LLC bought a new position in MAG Silver in the 4th quarter valued at about $222,000. Finally, Strategic Financial Concepts LLC acquired a new position in MAG Silver during the 4th quarter valued at about $240,000. Institutional investors own 52.50% of the company's stock.

MAG Silver Stock Performance

MAG Silver stock traded up $0.16 during trading on Monday, reaching $15.76. 319,427 shares of the company's stock were exchanged, compared to its average volume of 688,293. MAG Silver has a 52-week low of $11.29 and a 52-week high of $18.27. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 22.20 and a beta of 1.09. The company's 50-day moving average is $15.50 and its two-hundred day moving average is $15.24.

MAG Silver Announces Dividend

The company also recently announced a -- dividend, which was paid on Monday, April 21st. Shareholders of record on Friday, April 4th were issued 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 dividend payout ratio is presently 101.41%.

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.