U S Global Investors Inc. Has $2.64 Million Position in MAG Silver Corporation $MAG

U S Global Investors Inc. raised its stake in shares of MAG Silver Corporation (NYSEAMERICAN:MAG) by 66.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,000 shares of the company’s stock after buying an additional 50,000 shares during the period. U S Global Investors Inc.’s holdings in MAG Silver were worth $2,641,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MAG. Goldman Sachs Group Inc. boosted its stake in shares of MAG Silver by 124.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 805,198 shares of the company’s stock valued at $12,303,000 after buying an additional 446,543 shares during the period. Alps Advisors Inc. boosted its stake in shares of MAG Silver by 711.6% during the 1st quarter. Alps Advisors Inc. now owns 392,675 shares of the company’s stock valued at $6,000,000 after buying an additional 344,290 shares during the period. Monaco Asset Management SAM lifted its stake in shares of MAG Silver by 127.6% in the 1st quarter. Monaco Asset Management SAM now owns 526,000 shares of the company’s stock valued at $8,034,000 after purchasing an additional 294,878 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of MAG Silver by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,455,720 shares of the company’s stock valued at $37,350,000 after purchasing an additional 258,379 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of MAG Silver by 20.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,399,405 shares of the company’s stock valued at $21,290,000 after purchasing an additional 237,800 shares during the last quarter. Institutional investors and hedge funds own 52.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MAG shares. HC Wainwright reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of MAG Silver in a research note on Thursday, July 24th. Roth Capital reaffirmed a “neutral” rating and issued a $23.00 price objective (up previously from $22.00) on shares of MAG Silver in a research note on Tuesday, August 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of MAG Silver in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.00.

MAG Silver Stock Performance

Shares of NYSEAMERICAN:MAG opened at $24.47 on Friday. The company has a market cap of $2.54 billion, a P/E ratio of 24.72 and a beta of 0.73. The stock’s 50-day moving average is $23.90 and its 200-day moving average is $20.39. MAG Silver Corporation has a 52-week low of $11.72 and a 52-week high of $25.09.

MAG Silver Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 1st. Stockholders of record on Tuesday, August 19th were given a $0.124 dividend. This represents a dividend yield of 236.0%. The ex-dividend date of this dividend was Monday, August 18th. 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.