MAG Silver Corporation $MAG Shares Acquired by U S Global Investors Inc.

U S Global Investors Inc. lifted its stake in shares of MAG Silver Corporation (NYSEAMERICAN:MAG) by 66.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,000 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. U S Global Investors Inc. owned about 0.12% of MAG Silver worth $2,641,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in shares of MAG Silver during the first quarter valued at approximately $37,000. Northwest & Ethical Investments L.P. grew its position in MAG Silver by 39.3% in the first quarter. Northwest & Ethical Investments L.P. now owns 8,178 shares of the company’s stock worth $124,000 after buying an additional 2,308 shares during the last quarter. D.A. Davidson & CO. acquired a new position in MAG Silver in the first quarter worth approximately $167,000. Everett Harris & Co. CA acquired a new position in MAG Silver in the first quarter worth approximately $177,000. Finally, Virtu Financial LLC acquired a new position in MAG Silver in the first quarter worth approximately $179,000. Institutional investors and hedge funds own 52.50% of the company’s stock.

Wall Street Analyst Weigh In

MAG has been the topic of several recent research reports. Scotiabank restated an “outperform” rating on shares of MAG Silver in a research report on Tuesday, August 12th. Roth Capital restated a “neutral” rating and issued a $23.00 price target (up previously from $22.00) on shares of MAG Silver in a research report on Tuesday, August 12th. Finally, HC Wainwright restated a “neutral” rating and issued a $22.00 price target on shares of MAG Silver in a research report on Thursday, July 24th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.00.

MAG Silver Stock Performance

MAG Silver stock opened at $24.47 on Friday. The company has a 50 day moving average price of $23.90 and a 200 day moving average price of $20.39. MAG Silver Corporation has a 52 week low of $11.72 and a 52 week high of $25.09. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 24.72 and a beta of 0.73.

MAG Silver Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 1st. Investors of record on Tuesday, August 19th were paid a $0.124 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a yield of 236.0%. MAG Silver’s dividend payout ratio (DPR) is currently 33.80%.

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.