3,350 Shares in MAG Silver Corporation $MAG Acquired by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC bought a new stake in MAG Silver Corporation (NYSEAMERICAN:MAG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,350 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors have also recently made changes to their positions in the company. Alpine Associates Management Inc. purchased a new stake in MAG Silver in the second quarter valued at about $53,779,000. Credit Industriel ET Commercial purchased a new position in shares of MAG Silver in the 2nd quarter valued at approximately $15,169,000. KRYGER CAPITAL Ltd acquired a new stake in MAG Silver in the 2nd quarter worth approximately $11,854,000. Goldman Sachs Group Inc. grew its holdings in shares of MAG Silver by 124.5% during the first 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 last quarter. Finally, Alps Advisors Inc. raised its stake in MAG Silver by 711.6% in the 1st 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 last quarter. Institutional investors and hedge funds own 52.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

MAG Silver Trading Down 1.2%

MAG stock opened at $24.47 on Friday. The company has a market cap of $2.54 billion, a PE ratio of 24.72 and a beta of 0.73. The stock has a 50-day moving average price of $24.48 and a two-hundred day moving average price of $21.76. MAG Silver Corporation has a 12-month low of $11.72 and a 12-month high of $25.09.

MAG Silver Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 1st. Shareholders of record on Tuesday, August 19th were given a dividend of $0.124 per share. This represents a yield of 236.0%. The ex-dividend date of this dividend was Monday, August 18th. MAG Silver’s payout ratio is 33.80%.

MAG Silver Profile

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.