MAG Silver Corp. (NYSEAMERICAN:MAG) Holdings Decreased by National Bank of Canada FI

National Bank of Canada FI decreased its holdings in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 218,330 shares of the company’s stock after selling 7,472 shares during the quarter. National Bank of Canada FI owned approximately 0.21% of MAG Silver worth $2,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MAG. First Eagle Investment Management LLC increased its holdings in shares of MAG Silver by 46.4% during the fourth quarter. First Eagle Investment Management LLC now owns 7,839,793 shares of the company’s stock valued at $106,379,000 after purchasing an additional 2,486,538 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of MAG Silver during the fourth quarter valued at approximately $3,482,000. Sprott Inc. lifted its holdings in shares of MAG Silver by 8.5% in the fourth quarter. Sprott Inc. now owns 2,649,507 shares of the company’s stock valued at $36,004,000 after purchasing an additional 208,252 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in MAG Silver by 69.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company’s stock worth $6,407,000 after acquiring an additional 186,445 shares in the last quarter. Finally, Monaco Asset Management SAM lifted its position in shares of MAG Silver by 181.2% in the fourth quarter. Monaco Asset Management SAM now owns 231,122 shares of the company’s stock worth $3,142,000 after purchasing an additional 148,922 shares in the last quarter. 52.50% of the stock is currently owned by institutional investors and hedge funds.

MAG Silver Stock Down 0.3 %

Shares of MAG Silver stock opened at $13.33 on Tuesday. The firm has a market cap of $1.38 billion, a PE ratio of 18.77 and a beta of 1.09. MAG Silver Corp. has a 12-month low of $11.29 and a 12-month high of $18.27. The stock’s 50-day moving average price is $15.70.

MAG Silver Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, April 4th. MAG Silver’s payout ratio is presently 101.41%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MAG shares. HC Wainwright lifted their price objective on MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, March 25th. Raymond James restated an “outperform” rating on shares of MAG Silver in a research note on Tuesday, March 25th. Roth Capital set a $16.00 target price on MAG Silver in a research note on Tuesday, March 25th. Roth Mkm reduced their price target on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Finally, TD Securities raised MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

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.