MAG Silver Target of Unusually Large Options Trading (MAG)

MAG Silver Corp (NYSEAMERICAN:MAG) was the target of some unusual options trading on Friday. Investors acquired 2,008 call options on the stock. This represents an increase of approximately 1,949% compared to the average daily volume of 98 call options.

MAG Silver (NYSEAMERICAN MAG) opened at $11.15 on Monday. MAG Silver has a 52-week low of $9.50 and a 52-week high of $16.78.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of MAG Silver by 10.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,465 shares of the company’s stock valued at $301,000 after acquiring an additional 2,111 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of MAG Silver by 12.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 25,159 shares of the company’s stock valued at $328,000 after acquiring an additional 2,800 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of MAG Silver by 10.8% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 41,000 shares of the company’s stock valued at $536,000 after acquiring an additional 4,000 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of MAG Silver by 2.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 216,035 shares of the company’s stock valued at $2,426,000 after acquiring an additional 4,384 shares during the last quarter. Finally, GRT Capital Partners L.L.C. increased its holdings in shares of MAG Silver by 32.1% during the 2nd quarter. GRT Capital Partners L.L.C. now owns 23,842 shares of the company’s stock valued at $311,000 after acquiring an additional 5,800 shares during the last quarter.

Several equities research analysts have recently commented on the company. Roth Capital set a $22.00 target price on MAG Silver and gave the company a “buy” rating in a report on Monday, August 21st. Zacks Investment Research raised MAG Silver from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Wednesday, August 23rd. HC Wainwright reaffirmed a “buy” rating and set a $18.50 target price on shares of MAG Silver in a report on Wednesday, November 8th. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of MAG Silver in a report on Tuesday, November 21st. Finally, BMO Capital Markets assumed coverage on MAG Silver in a report on Friday, November 17th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, six have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.60.

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About MAG Silver

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.

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