Barclays PLC Has $432,000 Stock Position in MAG Silver Corp. (NYSEAMERICAN:MAG)

Barclays PLC boosted its holdings in MAG Silver Corp. (NYSEAMERICAN:MAG) by 211.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,780 shares of the company’s stock after buying an additional 20,899 shares during the quarter. Barclays PLC’s holdings in MAG Silver were worth $432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in shares of MAG Silver during the third quarter worth $28,000. Veracity Capital LLC increased its holdings in MAG Silver by 16.8% in the 3rd quarter. Veracity Capital LLC now owns 16,653 shares of the company’s stock worth $234,000 after purchasing an additional 2,396 shares in the last quarter. Quantbot Technologies LP bought a new position in MAG Silver in the third quarter valued at about $52,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of MAG Silver during the third quarter valued at about $140,000. Finally, DF Dent & Co. Inc. bought a new stake in shares of MAG Silver during the third quarter worth about $140,000. Institutional investors own 52.50% of the company’s stock.

MAG Silver Stock Up 0.6 %

NYSEAMERICAN MAG opened at $15.17 on Friday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 21.37 and a beta of 1.08. MAG Silver Corp. has a 12 month low of $8.19 and a 12 month high of $18.27.

MAG Silver (NYSEAMERICAN:MAG) last posted its earnings results on Tuesday, November 12th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. Equities analysts expect that MAG Silver Corp. will post 0.75 EPS for the current year.

Analyst Ratings Changes

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

MAG Silver Company 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.