Swiss National Bank Purchases 1,200 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

Swiss National Bank lifted its position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,900 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Swiss National Bank owned approximately 0.19% of MAG Silver worth $2,633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in MAG Silver in the third quarter valued at about $52,000. DF Dent & Co. Inc. acquired a new position in shares of MAG Silver in the 3rd quarter worth approximately $140,000. Aigen Investment Management LP bought a new stake in MAG Silver during the 4th quarter worth approximately $156,000. Verition Fund Management LLC acquired a new stake in MAG Silver during the 3rd quarter valued at $168,000. Finally, Strategic Financial Concepts LLC bought a new position in MAG Silver in the 4th quarter valued at $240,000. 52.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MAG. Roth Mkm lowered their target price on MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. HC Wainwright upped their target price on shares of MAG Silver from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Roth Capital set a $16.00 price objective on MAG Silver in a report on Tuesday. Four 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.00.

MAG Silver Price Performance

Shares of MAG opened at $16.63 on Friday. MAG Silver Corp. has a 12 month low of $9.90 and a 12 month high of $18.27. The stock’s fifty day simple moving average is $15.67. The firm has a market capitalization of $1.72 billion, a PE ratio of 23.42 and a beta of 1.09.

MAG Silver Announces Dividend

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

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.