Dimensional Fund Advisors LP Sells 51,082 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

Dimensional Fund Advisors LP decreased its position in MAG Silver Corp. (NYSEAMERICAN:MAG) by 18.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,283 shares of the company’s stock after selling 51,082 shares during the quarter. Dimensional Fund Advisors LP owned 0.22% of MAG Silver worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MAG. Banque Cantonale Vaudoise raised its position in MAG Silver by 8.6% during the first quarter. Banque Cantonale Vaudoise now owns 11,012 shares of the company’s stock valued at $116,000 after purchasing an additional 876 shares during the period. 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 worth $14,866,000 after purchasing an additional 596,283 shares during the period. Privium Fund Management B.V. grew its holdings in 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 purchasing an additional 11,000 shares during the last quarter. Van ECK Associates Corp raised its position in MAG Silver by 7.5% in the 1st quarter. Van ECK Associates Corp now owns 9,981,600 shares of the company’s stock worth $105,603,000 after purchasing an additional 696,140 shares during the period. Finally, Private Advisor Group LLC lifted its stake in MAG Silver by 29.0% in the first quarter. Private Advisor Group LLC now owns 32,230 shares of the company’s stock worth $341,000 after purchasing an additional 7,244 shares during the last quarter. 52.50% of the stock is owned by hedge funds and other institutional investors.

MAG Silver Price Performance

MAG Silver stock opened at $15.70 on Friday. MAG Silver Corp. has a 12 month low of $8.19 and a 12 month high of $15.76. The company has a market capitalization of $1.62 billion, a PE ratio of 28.04 and a beta of 1.14.

MAG Silver (NYSEAMERICAN:MAG) last announced its earnings results on Friday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. As a group, equities analysts predict that MAG Silver Corp. will post 0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. HC Wainwright boosted their price objective on shares of MAG Silver from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Scotiabank increased 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.00.

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.