Quantbot Technologies LP Buys 18,396 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

Quantbot Technologies LP boosted its stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 498.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,089 shares of the company’s stock after purchasing an additional 18,396 shares during the quarter. Quantbot Technologies LP’s holdings in MAG Silver were worth $300,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MAG. DF Dent & Co. Inc. acquired a new stake in shares of MAG Silver in the third quarter valued at about $140,000. Aigen Investment Management LP bought a new stake in MAG Silver during the 4th quarter valued at approximately $156,000. Verition Fund Management LLC acquired a new stake in MAG Silver in the 3rd quarter valued at approximately $168,000. Strategic Financial Concepts LLC bought a new position in MAG Silver in the 4th quarter worth approximately $240,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of MAG Silver during the third quarter worth approximately $390,000. Institutional investors and hedge funds own 52.50% of the company’s stock.

MAG Silver Stock Performance

Shares of MAG Silver stock opened at $15.70 on Friday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 22.11 and a beta of 1.09. The company’s 50-day simple moving average is $15.70. MAG Silver Corp. has a twelve month low of $10.62 and a twelve month high of $18.27.

MAG Silver Dividend Announcement

The business also recently disclosed 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 is Friday, April 4th. This represents a dividend yield of 1.5%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MAG shares. Raymond James restated an “outperform” rating on shares of MAG Silver in a research note on Tuesday. Roth Capital set a $16.00 price target on shares of MAG Silver in a research report on Tuesday. 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 report on Tuesday, March 25th. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Finally, Roth Mkm decreased their target price on MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.