MAG Silver Corp (MAG) Stake Maintained by Royce & Associates LP

Royce & Associates LP held its stake in shares of MAG Silver Corp (NYSE:MAG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,050 shares of the industrial goods maker’s stock at the close of the 2nd quarter. Royce & Associates LP owned 0.09% of MAG Silver Corp worth $966,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. TD Asset Management Inc. grew its position in shares of MAG Silver Corp by 1.5% in the second quarter. TD Asset Management Inc. now owns 419,491 shares of the industrial goods maker’s stock valued at $5,469,000 after purchasing an additional 6,400 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of MAG Silver Corp by 50.5% in the first quarter. UBS Asset Management Americas Inc. now owns 22,359 shares of the industrial goods maker’s stock valued at $292,000 after purchasing an additional 7,500 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of MAG Silver Corp in the second quarter valued at about $203,000. Great West Life Assurance Co. Can grew its position in shares of MAG Silver Corp by 4.4% in the second quarter. Great West Life Assurance Co. Can now owns 417,363 shares of the industrial goods maker’s stock valued at $5,435,000 after purchasing an additional 17,660 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of MAG Silver Corp in the first quarter valued at about $242,000.

MAG Silver Corp (NYSE:MAG) opened at 12.17 on Friday. The company’s market cap is $983.29 million. MAG Silver Corp has a 52 week low of $9.50 and a 52 week high of $17.35. The firm’s 50-day moving average is $12.68 and its 200-day moving average is $12.84.

A number of equities research analysts recently weighed in on MAG shares. Zacks Investment Research raised MAG Silver Corp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, July 19th. Roth Capital set a $22.00 target price on MAG Silver Corp and gave the stock a “buy” rating in a research report on Monday, August 21st. Finally, BMO Capital Markets raised MAG Silver Corp from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $18.00 to $9.50 in a research report on Friday, May 26th. Five equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.50.

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MAG Silver Corp Company Profile

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

Institutional Ownership by Quarter for MAG Silver Corp (NYSE:MAG)

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