National Bank of Canada FI Sells 7,472 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

National Bank of Canada FI lessened its position in MAG Silver Corp. (NYSEAMERICAN:MAG) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 218,330 shares of the company’s stock after selling 7,472 shares during the period. National Bank of Canada FI’s holdings in MAG Silver were worth $2,969,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Aigen Investment Management LP bought a new position in MAG Silver during the 4th quarter worth about $156,000. Verition Fund Management LLC acquired a new stake in MAG Silver during the 3rd quarter valued at $168,000. Strategic Financial Concepts LLC acquired a new stake in shares of MAG Silver during the 4th quarter worth about $240,000. Pictet Asset Management Holding SA lifted its position in MAG Silver by 20.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,792 shares of the company’s stock worth $242,000 after acquiring an additional 3,029 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in MAG Silver by 498.1% during the 4th quarter. Quantbot Technologies LP now owns 22,089 shares of the company’s stock worth $300,000 after purchasing an additional 18,396 shares during the last quarter. Institutional investors own 52.50% of the company’s stock.

MAG Silver Stock Performance

NYSEAMERICAN MAG opened at $13.33 on Tuesday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 18.77 and a beta of 1.09. The firm has a 50-day moving average of $15.70. MAG Silver Corp. has a 1-year low of $11.29 and a 1-year high of $18.27.

MAG Silver Dividend Announcement

The business also recently announced a — dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 4th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a dividend yield of 1.5%. MAG Silver’s dividend payout ratio is currently 101.41%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MAG shares. StockNews.com raised shares of MAG Silver from a “sell” rating to a “hold” rating in a report on Monday, March 31st. Roth Capital set a $16.00 price objective on MAG Silver in a research note on Tuesday, March 25th. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. Raymond James restated an “outperform” rating on shares of MAG Silver in a report on Tuesday, March 25th. Finally, HC Wainwright boosted their price objective on shares of MAG Silver from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MAG Silver presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.