MAG Silver Corp. (NYSEAMERICAN:MAG) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in MAG Silver Corp. (NYSEAMERICAN:MAG) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,088 shares of the company’s stock after buying an additional 1,245 shares during the quarter. Geode Capital Management LLC’s holdings in MAG Silver were worth $687,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MAG. CIBC Asset Management Inc lifted its stake in MAG Silver by 0.7% during the fourth quarter. CIBC Asset Management Inc now owns 114,355 shares of the company’s stock worth $1,550,000 after purchasing an additional 755 shares in the last quarter. Swiss National Bank boosted 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 purchasing an additional 1,200 shares during the period. Pictet Asset Management Holding SA grew its position in shares of MAG Silver by 20.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,792 shares of the company’s stock worth $242,000 after acquiring an additional 3,029 shares during the last quarter. Aigen Investment Management LP acquired a new position in MAG Silver in the fourth quarter valued at $156,000. Finally, Strategic Financial Concepts LLC purchased a new stake in MAG Silver during the 4th quarter valued at approximately $240,000. 52.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on MAG shares. Raymond James reaffirmed an “outperform” rating on shares of MAG Silver in a report on Tuesday, March 25th. Scotiabank reaffirmed a “sector perform” rating on shares of MAG Silver in a research note on Monday, April 14th. Roth Mkm decreased their target price on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. StockNews.com raised shares of MAG Silver from a “sell” rating to a “hold” rating in a research report on Monday, March 31st. Finally, Roth Capital set a $16.00 price objective on MAG Silver in a research note on Tuesday, March 25th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MAG Silver currently has a consensus rating of “Moderate Buy” and an average price target of $18.60.

MAG Silver Stock Down 5.3 %

MAG stock opened at $14.74 on Friday. The company has a market capitalization of $1.52 billion, a PE ratio of 20.76 and a beta of 1.09. The stock’s 50 day moving average is $15.36 and its two-hundred day moving average is $15.29. MAG Silver Corp. has a 52-week low of $11.29 and a 52-week high of $18.27.

MAG Silver Dividend Announcement

The business also recently declared a — dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, April 4th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a dividend yield of 1.5%. MAG Silver’s payout ratio is 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.