Two Sigma Investments LP Takes $401,000 Position in MAG Silver Corp. (NYSEAMERICAN:MAG)

Two Sigma Investments LP purchased a new stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,453 shares of the company’s stock, valued at approximately $401,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in MAG Silver in the fourth quarter worth approximately $240,000. Allspring Global Investments Holdings LLC raised its stake in MAG Silver by 56.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 278,000 shares of the company’s stock worth $3,781,000 after buying an additional 100,500 shares in the last quarter. CIBC Asset Management Inc raised its stake in MAG Silver by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 114,355 shares of the company’s stock worth $1,550,000 after buying an additional 755 shares in the last quarter. Sprott Inc. boosted its holdings in shares of MAG Silver by 8.5% in the 4th quarter. Sprott Inc. now owns 2,649,507 shares of the company’s stock valued at $36,004,000 after buying an additional 208,252 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of MAG Silver in the 4th quarter valued at about $156,000. Institutional investors own 52.50% of the company’s stock.

MAG Silver Price Performance

NYSEAMERICAN MAG opened at $21.19 on Wednesday. The stock’s fifty day moving average price is $16.79 and its 200 day moving average price is $15.86. MAG Silver Corp. has a 1 year low of $11.29 and a 1 year high of $21.83. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 29.85 and a beta of 1.09.

MAG Silver Announces Dividend

The business also recently declared a — dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 0.5%. MAG Silver’s dividend payout ratio (DPR) is presently 101.41%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MAG shares. Wall Street Zen upgraded shares of MAG Silver from a “sell” rating to a “hold” rating in a report on Monday, March 31st. Canaccord Genuity Group downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. HC Wainwright reaffirmed a “buy” rating and set a $22.00 price target on shares of MAG Silver in a research report on Thursday, April 24th. TD Securities downgraded MAG Silver from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, May 22nd. Finally, Raymond James reaffirmed an “outperform” rating on shares of MAG Silver in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.13.

MAG Silver 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.