MAG Silver (NYSEAMERICAN:MAG) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of MAG Silver (NYSEAMERICAN:MAG) from a sell rating to a hold rating in a report released on Monday morning.

Other analysts have also issued research reports about the company. Raymond James restated an “outperform” rating on shares of MAG Silver in a report on Tuesday, March 25th. Roth Capital set a $16.00 price objective on MAG Silver in a research report on Tuesday, March 25th. TD Securities upgraded MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Roth Mkm decreased their price target on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Finally, HC Wainwright upped their price objective on shares of MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

MAG Silver Price Performance

MAG stock opened at $15.28 on Monday. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 21.52 and a beta of 1.09. MAG Silver has a 52-week low of $10.62 and a 52-week high of $18.27. The company’s 50 day moving average price is $15.72.

MAG Silver Announces Dividend

The firm also recently announced a — dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 4th will be given a $0.18 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Friday, April 4th.

Hedge Funds Weigh In On MAG Silver

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of MAG Silver in the third quarter worth $52,000. DF Dent & Co. Inc. acquired a new position in MAG Silver during the 3rd quarter worth $140,000. D. E. Shaw & Co. Inc. bought a new stake in MAG Silver during the fourth quarter valued at about $156,000. Aigen Investment Management LP acquired a new stake in shares of MAG Silver in the fourth quarter valued at about $156,000. Finally, Verition Fund Management LLC bought a new position in shares of MAG Silver in the third quarter worth about $168,000. 52.50% of the stock is currently owned by institutional investors.

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.