Banque Cantonale Vaudoise Acquires 876 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

Banque Cantonale Vaudoise increased its position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 8.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,012 shares of the company’s stock after buying an additional 876 shares during the quarter. Banque Cantonale Vaudoise’s holdings in MAG Silver were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its position in MAG Silver by 2.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 368,710 shares of the company’s stock worth $3,838,000 after buying an additional 7,594 shares in the last quarter. CIBC Asset Management Inc grew its position in MAG Silver by 3.0% during the fourth quarter. CIBC Asset Management Inc now owns 90,881 shares of the company’s stock worth $949,000 after buying an additional 2,652 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in MAG Silver during the fourth quarter worth about $513,000. First Eagle Investment Management LLC grew its position in MAG Silver by 11.2% during the fourth quarter. First Eagle Investment Management LLC now owns 6,380,120 shares of the company’s stock worth $66,402,000 after buying an additional 642,494 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in MAG Silver during the fourth quarter valued at approximately $460,000. 52.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com raised MAG Silver to a “sell” rating in a report on Wednesday, March 27th. Stifel Nicolaus lifted their price objective on MAG Silver from $20.25 to $20.50 and gave the company a “buy” rating in a report on Wednesday, May 15th. HC Wainwright reaffirmed a “buy” rating and set a $17.00 price objective on shares of MAG Silver in a report on Thursday, May 16th. Ventum Cap Mkts downgraded MAG Silver from a “buy” rating to a “neutral” rating in a report on Friday, May 3rd. Finally, Scotiabank lifted their price objective on MAG Silver from $13.50 to $14.50 and gave the company a “sector outperform” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and a consensus price target of $18.88.

MAG Silver Price Performance

NYSEAMERICAN:MAG opened at $11.92 on Tuesday. MAG Silver Corp. has a 1 year low of $8.19 and a 1 year high of $14.30. The company has a market capitalization of $1.23 billion, a PE ratio of 21.38 and a beta of 1.14.

MAG Silver (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. As a group, sell-side analysts anticipate that MAG Silver Corp. will post 0.57 EPS for the current year.

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.