16,323 Shares in MAG Silver Corp. (NYSEAMERICAN:MAG) Bought by Tradition Wealth Management LLC

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

Other large investors also recently modified their holdings of the company. Swiss National Bank raised its position in shares of MAG Silver by 0.6% in the 4th quarter. Swiss National Bank now owns 193,900 shares of the company's stock valued at $2,633,000 after buying an additional 1,200 shares in the last quarter. Barclays PLC increased its stake in shares of 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 purchasing an additional 20,899 shares during the last quarter. Intact Investment Management Inc. lifted its position in shares of MAG Silver by 21.3% during the 4th quarter. Intact Investment Management Inc. now owns 307,433 shares of the company's stock worth $4,176,000 after buying an additional 54,033 shares during the last quarter. Raymond James Financial Inc. bought a new position in MAG Silver in the fourth quarter valued at about $3,482,000. Finally, Strategic Financial Concepts LLC acquired a new position in MAG Silver during the fourth quarter worth about $240,000. 52.50% of the stock is owned by institutional investors.

MAG Silver Stock Down 1.5 %

MAG traded down $0.24 during trading on Friday, hitting $15.48. The company's stock had a trading volume of 366,224 shares, compared to its average volume of 686,282. The firm has a market capitalization of $1.60 billion, a P/E ratio of 21.80 and a beta of 1.09. MAG Silver Corp. has a twelve month low of $11.29 and a twelve month high of $18.27. The stock's fifty day moving average price is $15.48 and its 200-day moving average price is $15.27.

MAG Silver Announces Dividend

The business also recently announced 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 dividend payout ratio is presently 101.41%.

Wall Street Analysts Forecast Growth

MAG has been the subject of several research reports. Roth Capital set a $16.00 target price on MAG Silver in a research report on Tuesday, March 25th. Raymond James restated an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. Scotiabank restated a "sector perform" rating on shares of MAG Silver in a report on Monday, April 14th. HC Wainwright reiterated a "buy" rating and issued a $22.00 price target on shares of MAG Silver in a research report on Thursday. Finally, Roth Mkm lowered their price objective on MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.60.

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.