Creative Planning Sells 665 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

Creative Planning decreased its holdings in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,253 shares of the company’s stock after selling 665 shares during the period. Creative Planning’s holdings in MAG Silver were worth $172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MAG. Private Advisor Group LLC grew its holdings in shares of MAG Silver by 29.0% in 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 period. BNP Paribas Financial Markets grew its holdings in shares of MAG Silver by 450.1% in the 1st quarter. BNP Paribas Financial Markets now owns 32,104 shares of the company’s stock valued at $340,000 after buying an additional 26,268 shares during the period. Jupiter Asset Management Ltd. grew its holdings in shares of MAG Silver by 6.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 2,517,445 shares of the company’s stock valued at $26,584,000 after buying an additional 153,274 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in MAG Silver by 377.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 47,459 shares of the company’s stock worth $499,000 after purchasing an additional 37,509 shares during the period. Finally, Nokomis Capital L.L.C. acquired a new position in MAG Silver in the 1st quarter worth $306,000. Institutional investors own 52.50% of the company’s stock.

Analyst Upgrades and Downgrades

MAG has been the subject of a number of research analyst reports. StockNews.com raised shares of MAG Silver from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Mkm downgraded shares of MAG Silver from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $17.00 to $17.50 in a research note on Thursday, October 24th. Scotiabank increased their price objective on shares of MAG Silver from $14.50 to $15.50 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. HC Wainwright increased their price objective on shares of MAG Silver from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, MAG Silver presently has a consensus rating of “Hold” and an average target price of $17.88.

MAG Silver Trading Down 5.4 %

Shares of NYSEAMERICAN:MAG opened at $15.19 on Tuesday. MAG Silver Corp. has a 12-month low of $8.19 and a 12-month high of $18.27. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 26.19 and a beta of 1.12.

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.