MAG Silver Corp. (NYSEAMERICAN:MAG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 18.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 230,283 shares of the company’s stock after selling 51,082 shares during the quarter. Dimensional Fund Advisors LP’s holdings in MAG Silver were worth $2,688,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Perritt Capital Management Inc. acquired a new position in MAG Silver during the 1st quarter valued at approximately $26,000. Banque Cantonale Vaudoise grew its holdings in MAG Silver by 8.6% during the first quarter. Banque Cantonale Vaudoise now owns 11,012 shares of the company’s stock worth $116,000 after acquiring an additional 876 shares during the period. Addenda Capital Inc. bought a new stake in MAG Silver during the second quarter worth approximately $123,000. Privium Fund Management B.V. boosted its stake in shares of MAG Silver by 71.9% during the 1st quarter. Privium Fund Management B.V. now owns 26,300 shares of the company’s stock worth $278,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Nokomis Capital L.L.C. purchased a new position in MAG Silver in the 1st quarter worth about $306,000. 52.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Scotiabank lifted their price objective on MAG Silver from $14.50 to $15.50 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. HC Wainwright raised their target price on MAG Silver from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 5th. One research 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’s stock. According to MarketBeat, MAG Silver presently has an average rating of “Hold” and an average target price of $18.00.

MAG Silver Price Performance

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

MAG Silver (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. As a group, sell-side analysts expect that MAG Silver Corp. will post 0.68 earnings per share for the current fiscal 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.