Susquehanna Fundamental Investments LLC Purchases Shares of 13,800 MAG Silver Corp. (NYSEAMERICAN:MAG)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,800 shares of the company’s stock, valued at approximately $161,000.

A number of other institutional investors have also made changes to their positions in MAG. Van ECK Associates Corp grew its holdings in shares of MAG Silver by 7.5% in the first quarter. Van ECK Associates Corp now owns 9,981,600 shares of the company’s stock valued at $105,603,000 after purchasing an additional 696,140 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of MAG Silver by 6.5% in the first quarter. Jupiter Asset Management Ltd. now owns 2,517,445 shares of the company’s stock valued at $26,584,000 after purchasing an additional 153,274 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of MAG Silver in the first quarter valued at approximately $22,518,000. Azarias Capital Management L.P. grew its holdings in shares of MAG Silver by 73.7% in the first quarter. Azarias Capital Management L.P. now owns 1,405,136 shares of the company’s stock valued at $14,866,000 after purchasing an additional 596,283 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of MAG Silver by 118.3% in the second quarter. TD Asset Management Inc now owns 1,063,055 shares of the company’s stock valued at $12,415,000 after purchasing an additional 576,156 shares in the last quarter. 52.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MAG shares. HC Wainwright lifted their price objective on shares of MAG Silver from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 5th. Scotiabank lifted their price objective on shares of MAG Silver from $14.50 to $15.50 and gave the company a “sector outperform” rating in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.00.

MAG Silver Stock Up 2.7 %

Shares of MAG Silver stock opened at $14.99 on Friday. MAG Silver Corp. has a 52-week low of $8.19 and a 52-week high of $15.54. The company has a market capitalization of $1.55 billion, a P/E ratio of 26.77 and a beta of 1.14.

MAG Silver (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. On average, equities research analysts anticipate that MAG Silver Corp. will post 0.68 EPS for the current fiscal year.

About MAG Silver

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.