MAG Silver Corporation (NYSEAMERICAN:MAG) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of MAG Silver Corporation (NYSEAMERICAN:MAG) have earned a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $21.00.

A number of equities research analysts have recently commented on MAG shares. HC Wainwright reiterated a “neutral” rating and set a $22.00 price target on shares of MAG Silver in a report on Thursday, July 24th. Scotiabank restated an “outperform” rating on shares of MAG Silver in a research report on Tuesday, August 12th. Canaccord Genuity Group downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. TD Securities downgraded shares of MAG Silver from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, May 22nd. Finally, Roth Capital restated a “neutral” rating and set a $23.00 price objective (up previously from $22.00) on shares of MAG Silver in a research report on Tuesday, August 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in MAG Silver in the second quarter worth approximately $28,000. Luminist Capital LLC bought a new position in MAG Silver in the second quarter worth approximately $32,000. Banque Cantonale Vaudoise bought a new position in MAG Silver in the first quarter worth approximately $37,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in MAG Silver in the second quarter worth approximately $53,000. Finally, Mark Sheptoff Financial Planning LLC bought a new position in MAG Silver in the second quarter worth approximately $71,000. Institutional investors own 52.50% of the company’s stock.

MAG Silver Stock Up 1.5%

NYSEAMERICAN:MAG opened at $23.69 on Friday. The company’s 50 day moving average price is $21.78 and its 200-day moving average price is $18.16. MAG Silver has a 52 week low of $11.72 and a 52 week high of $23.80. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 23.93 and a beta of 0.69.

MAG Silver Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 1st. Investors of record on Tuesday, August 19th will be given a dividend of $0.124 per share. The ex-dividend date is Monday, August 18th. This represents a yield of 236.0%. MAG Silver’s dividend payout ratio is 33.80%.

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.