Quantbot Technologies LP Invests $52,000 in MAG Silver Corp. (NYSEAMERICAN:MAG)

Quantbot Technologies LP purchased a new stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,693 shares of the company’s stock, valued at approximately $52,000.

A number of other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in MAG Silver in the third quarter worth about $28,000. Addenda Capital Inc. purchased a new position in shares of MAG Silver in the 2nd quarter worth approximately $123,000. Pekin Hardy Strauss Inc. bought a new position in shares of MAG Silver during the 3rd quarter valued at approximately $140,000. International Assets Investment Management LLC purchased a new stake in MAG Silver during the 3rd quarter valued at $148,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in MAG Silver in the second quarter worth $161,000. Institutional investors own 52.50% of the company’s stock.

MAG Silver Stock Down 1.5 %

Shares of NYSEAMERICAN MAG opened at $15.11 on Friday. MAG Silver Corp. has a 52-week low of $8.19 and a 52-week high of $18.27. The company has a market capitalization of $1.56 billion, a P/E ratio of 21.31 and a beta of 1.07.

MAG Silver (NYSEAMERICAN:MAG) last issued its earnings results on Tuesday, November 12th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. Analysts anticipate that MAG Silver Corp. will post 0.75 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MAG. HC Wainwright increased their target price on shares of MAG Silver from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Scotiabank raised 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. Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Mkm lowered MAG Silver from a “buy” rating to a “neutral” rating and raised their price target for the stock from $17.00 to $17.50 in a research note on Thursday, October 24th. Finally, StockNews.com raised MAG Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, MAG Silver currently has a consensus rating of “Hold” and a consensus target price of $18.38.

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.