Roth Mkm Issues Pessimistic Forecast for MAG Silver (NYSEAMERICAN:MAG) Stock Price

MAG Silver (NYSEAMERICAN:MAG) had its price objective reduced by Roth Mkm from $16.50 to $16.00 in a research report sent to investors on Tuesday,Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on the stock. HC Wainwright lifted their price target on shares of MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. TD Securities upgraded MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

MAG Silver Stock Down 1.7 %

Shares of MAG opened at $16.48 on Tuesday. MAG Silver has a twelve month low of $8.97 and a twelve month high of $18.27. The company has a market cap of $1.70 billion, a PE ratio of 23.21 and a beta of 1.09. The business’s 50 day simple moving average is $15.58.

MAG Silver Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 4th will be issued a dividend of $0.18 per share. This represents a dividend yield of 1.5%. The ex-dividend date is Friday, April 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PKO Investment Management Joint Stock Co acquired a new stake in shares of MAG Silver in the fourth quarter valued at approximately $651,000. Integrated Advisors Network LLC lifted its position in shares of MAG Silver by 38.7% during the 4th quarter. Integrated Advisors Network LLC now owns 61,250 shares of the company’s stock valued at $833,000 after acquiring an additional 17,100 shares during the period. Two Sigma Investments LP acquired a new stake in shares of MAG Silver during the 4th quarter worth $401,000. Millennium Management LLC increased its position in shares of MAG Silver by 3,324.7% in the fourth quarter. Millennium Management LLC now owns 886,203 shares of the company’s stock worth $12,052,000 after purchasing an additional 860,326 shares during the period. Finally, Eschler Asset Management LLP raised its stake in MAG Silver by 83.3% in the fourth quarter. Eschler Asset Management LLP now owns 55,000 shares of the company’s stock valued at $748,000 after purchasing an additional 25,000 shares in the last quarter. 52.50% of the stock is owned by institutional investors and hedge funds.

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.