Zurcher Kantonalbank Zurich Cantonalbank boosted its position in MAG Silver Corp. (NYSEAMERICAN:MAG – Get Rating) by 36.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,777 shares of the company's stock after acquiring an additional 6,032 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in MAG Silver were worth $356,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in MAG. Geneos Wealth Management Inc. boosted its stake in shares of MAG Silver by 89.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,385 shares of the company's stock valued at $54,000 after purchasing an additional 1,600 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of MAG Silver by 13.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 14,973 shares of the company's stock valued at $187,000 after purchasing an additional 1,758 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in shares of MAG Silver by 8.3% during the 3rd quarter. Dubuque Bank & Trust Co. now owns 26,000 shares of the company's stock valued at $324,000 after purchasing an additional 2,000 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of MAG Silver during the 3rd quarter valued at about $46,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of MAG Silver during the 4th quarter valued at about $63,000. Institutional investors own 40.06% of the company's stock.
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A number of research analysts recently issued reports on MAG shares. Raymond James lifted their price target on shares of MAG Silver from C$24.50 to C$25.50 in a research report on Wednesday, February 8th. CIBC dropped their price target on MAG Silver from C$27.00 to C$24.00 in a research report on Tuesday, February 7th. HC Wainwright dropped their price target on MAG Silver from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, March 28th. StockNews.com raised MAG Silver to a "sell" rating in a research report on Tuesday, March 28th. Finally, National Bank Financial dropped their price target on MAG Silver from C$26.50 to C$26.00 in a research report on Friday, February 17th.
MAG Silver Trading Up 0.2 %
MAG Silver stock opened at $13.01 on Tuesday. MAG Silver Corp. has a 12 month low of $10.32 and a 12 month high of $17.02. The business has a fifty day simple moving average of $14.35. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 72.28 and a beta of 1.09.
MAG Silver (NYSEAMERICAN:MAG – Get Rating) last issued its earnings results on Monday, March 27th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.06). On average, research analysts expect that MAG Silver Corp. will post 0.76 earnings per share for the current fiscal year.
About MAG Silver
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MAG Silver Corp. operates as a Canadian development and exploration company, which focuses on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the Operator.
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