RWA Wealth Partners LLC Buys Shares of 30,000 MAG Silver Corporation $MAG

RWA Wealth Partners LLC purchased a new position in shares of MAG Silver Corporation (NYSEAMERICAN:MAG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,000 shares of the company’s stock, valued at approximately $634,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in MAG Silver during the 1st quarter worth about $37,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in MAG Silver in the 2nd quarter valued at about $53,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of MAG Silver during the 2nd quarter worth about $71,000. Northwest & Ethical Investments L.P. grew its holdings in shares of MAG Silver by 39.3% during 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 in the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of MAG Silver in the first quarter valued at approximately $167,000. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

MAG Silver Price Performance

MAG Silver stock opened at $24.47 on Monday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 24.72 and a beta of 0.73. MAG Silver Corporation has a 12 month low of $11.72 and a 12 month high of $25.09. The stock’s 50-day moving average is $24.48 and its 200-day moving average is $21.85.

MAG Silver Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 1st. Shareholders of record on Tuesday, August 19th were given 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 33.80%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Scotiabank restated an “outperform” rating on shares of MAG Silver in a report on Tuesday, August 12th. Roth Capital reiterated a “neutral” rating and set a $23.00 target price (up 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 report on Thursday, July 24th. 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.00.

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.