Shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $12.56, but opened at $13.25. MAG Silver shares last traded at $12.93, with a volume of 215,777 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on MAG shares. Roth Capital set a $16.00 price target on MAG Silver in a research note on Tuesday, March 25th. Roth Mkm lowered their target price on shares of MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. HC Wainwright lifted their price objective on shares of MAG Silver from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, March 25th. Raymond James restated an "outperform" rating on shares of MAG Silver in a research note on Tuesday, March 25th. Finally, TD Securities raised shares of MAG Silver to a "strong-buy" rating in a research note on Monday, March 10th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MAG Silver has an average rating of "Moderate Buy" and a consensus price target of $18.60.
View Our Latest Stock Analysis on MAG
MAG Silver Stock Performance
The business has a 50 day moving average of $15.56 and a two-hundred day moving average of $15.19. The stock has a market capitalization of $1.61 billion, a PE ratio of 21.93 and a beta of 1.09.
MAG Silver Announces Dividend
The company also recently declared a -- dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 4th will be issued a $0.18 dividend. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, April 4th. MAG Silver's dividend payout ratio is currently 101.41%.
Institutional Trading of MAG Silver
A number of institutional investors have recently made changes to their positions in the business. Aigen Investment Management LP purchased a new stake in MAG Silver during the 4th quarter worth approximately $156,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of MAG Silver during the fourth quarter valued at $156,000. Verition Fund Management LLC purchased a new stake in shares of MAG Silver during the third quarter valued at $168,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of MAG Silver in the 4th quarter valued at $188,000. Finally, Tradition Wealth Management LLC purchased a new position in MAG Silver in the 4th quarter worth $222,000. Institutional investors and hedge funds 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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