MAG Silver Corp. (NYSEAMERICAN:MAG) Shares Acquired by Barclays PLC

Barclays PLC raised its position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 211.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,780 shares of the company’s stock after purchasing an additional 20,899 shares during the period. Barclays PLC’s holdings in MAG Silver were worth $432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAG. Public Employees Retirement System of Ohio acquired a new position in MAG Silver during the 3rd quarter worth $390,000. DF Dent & Co. Inc. bought a new stake in shares of MAG Silver during the third quarter valued at about $140,000. National Bank of Canada FI lifted its holdings in MAG Silver by 12.0% in the third quarter. National Bank of Canada FI now owns 225,802 shares of the company’s stock worth $3,171,000 after purchasing an additional 24,185 shares during the period. Verition Fund Management LLC bought a new position in MAG Silver in the 3rd quarter valued at about $168,000. Finally, Quantbot Technologies LP acquired a new position in MAG Silver during the 3rd quarter valued at about $52,000. Institutional investors own 52.50% of the company’s stock.

MAG Silver Stock Down 2.6 %

MAG opened at $14.03 on Friday. The stock has a market cap of $1.45 billion, a PE ratio of 19.76 and a beta of 1.07. MAG Silver Corp. has a 52-week low of $8.19 and a 52-week high of $18.27.

MAG Silver (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. On average, equities research analysts forecast that MAG Silver Corp. will post 0.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. HC Wainwright upped their price objective on MAG Silver from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. StockNews.com raised shares of MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Roth Mkm cut shares of MAG Silver from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $17.00 to $17.50 in a research note on Thursday, October 24th. Finally, Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, MAG Silver has a consensus rating of “Hold” and an average target price of $18.38.

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.