Roth Mkm Cuts MAG Silver (NYSEAMERICAN:MAG) Price Target to $16.00

MAG Silver (NYSEAMERICAN:MAG) had its price target trimmed by Roth Mkm from $16.50 to $16.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. TD Securities raised shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. HC Wainwright upped their target price on MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday. Four equities 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.00.

MAG Silver Stock Up 3.8 %

NYSEAMERICAN MAG opened at $16.63 on Tuesday. MAG Silver has a 52 week low of $9.90 and a 52 week high of $18.27. The business’s 50 day moving average price is $15.67. The firm has a market cap of $1.72 billion, a PE ratio of 23.42 and a beta of 1.09.

MAG Silver Dividend Announcement

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

Institutional Trading of MAG Silver

Several hedge funds and other institutional investors have recently bought and sold shares of MAG. Quantbot Technologies LP acquired a new position in shares of MAG Silver in the 3rd quarter valued at $52,000. DF Dent & Co. Inc. purchased a new position in shares of MAG Silver in the 3rd quarter worth $140,000. Pekin Hardy Strauss Inc. acquired a new position in MAG Silver in the third quarter valued at $140,000. Aigen Investment Management LP purchased a new stake in MAG Silver during the fourth quarter valued at about $156,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in MAG Silver during the fourth quarter worth about $156,000. 52.50% of the stock is owned by hedge funds and other institutional investors.

About MAG Silver

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.