MAG Silver Corp. (NYSEAMERICAN:MAG) Shares Sold by Cwm LLC

Cwm LLC lowered its stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 14.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,524 shares of the company’s stock after selling 1,440 shares during the quarter. Cwm LLC’s holdings in MAG Silver were worth $120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Azarias Capital Management L.P. boosted its stake in shares of MAG Silver by 73.7% during the 1st quarter. Azarias Capital Management L.P. now owns 1,405,136 shares of the company’s stock valued at $14,866,000 after buying an additional 596,283 shares during the last quarter. Privium Fund Management B.V. boosted its stake in shares of MAG Silver by 71.9% during the 1st quarter. Privium Fund Management B.V. now owns 26,300 shares of the company’s stock valued at $278,000 after buying an additional 11,000 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of MAG Silver by 7.5% during the 1st quarter. Van ECK Associates Corp now owns 9,981,600 shares of the company’s stock valued at $105,603,000 after buying an additional 696,140 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of MAG Silver by 29.0% during the 1st quarter. Private Advisor Group LLC now owns 32,230 shares of the company’s stock valued at $341,000 after buying an additional 7,244 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of MAG Silver by 38.9% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 40,825 shares of the company’s stock valued at $431,000 after buying an additional 11,425 shares during the last quarter. Institutional investors and hedge funds own 52.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Roth Mkm cut MAG Silver from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $17.00 to $17.50 in a research note on Thursday. StockNews.com upgraded MAG Silver from a “sell” rating to a “hold” rating in a research report on Thursday. Scotiabank boosted their price objective on MAG Silver from $14.50 to $15.50 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, HC Wainwright boosted their target price on shares of MAG Silver from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.88.

MAG Silver Stock Down 2.3 %

Shares of MAG stock opened at $17.45 on Friday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 30.08 and a beta of 1.15. MAG Silver Corp. has a 52-week low of $8.19 and a 52-week high of $18.01.

MAG Silver (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. On average, equities analysts expect that MAG Silver Corp. will post 0.69 EPS for the current year.

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.