MAG Silver Corporation $MAG Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its holdings in shares of MAG Silver Corporation (NYSEAMERICAN:MAG) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,799,692 shares of the company’s stock after purchasing an additional 8,442 shares during the period. First Eagle Investment Management LLC owned about 0.08% of MAG Silver worth $165,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alpine Associates Management Inc. acquired a new position in shares of MAG Silver in the second quarter valued at approximately $53,779,000. Credit Industriel ET Commercial purchased a new position in MAG Silver in the 2nd quarter valued at approximately $15,169,000. Goldman Sachs Group Inc. grew its stake in shares of MAG Silver by 124.5% in the first quarter. Goldman Sachs Group Inc. now owns 805,198 shares of the company’s stock worth $12,303,000 after acquiring an additional 446,543 shares in the last quarter. Alps Advisors Inc. increased its position in shares of MAG Silver by 711.6% during the first quarter. Alps Advisors Inc. now owns 392,675 shares of the company’s stock worth $6,000,000 after acquiring an additional 344,290 shares during the period. Finally, Monaco Asset Management SAM raised its stake in shares of MAG Silver by 127.6% in the first quarter. Monaco Asset Management SAM now owns 526,000 shares of the company’s stock valued at $8,034,000 after acquiring an additional 294,878 shares in the last quarter. Hedge funds and other institutional investors own 52.50% of the company’s stock.

MAG Silver Stock Performance

NYSEAMERICAN:MAG opened at $24.47 on Friday. MAG Silver Corporation has a 1 year low of $11.72 and a 1 year high of $25.09. The stock has a market cap of $2.54 billion, a P/E ratio of 24.72 and a beta of 0.73. The stock has a 50-day simple moving average of $24.48 and a 200-day simple moving average of $21.70.

MAG Silver Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 1st. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.124 per share. 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 presently 33.80%.

Analyst Upgrades and Downgrades

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