Oppenheimer & Co. Inc. Lowers Position in MAG Silver Corp (MAG)

Oppenheimer & Co. Inc. cut its position in shares of MAG Silver Corp (NYSE:MAG) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,643 shares of the industrial goods maker’s stock after selling 1,075 shares during the period. Oppenheimer & Co. Inc.’s holdings in MAG Silver Corp were worth $2,437,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Great West Life Assurance Co. Can increased its position in shares of MAG Silver Corp by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 399,703 shares of the industrial goods maker’s stock worth $5,231,000 after buying an additional 1,019 shares during the last quarter. Vanguard Group Inc. increased its position in shares of MAG Silver Corp by 6.8% in the first quarter. Vanguard Group Inc. now owns 20,354 shares of the industrial goods maker’s stock worth $267,000 after buying an additional 1,288 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of MAG Silver Corp by 50.5% in the first quarter. UBS Asset Management Americas Inc. now owns 22,359 shares of the industrial goods maker’s stock worth $292,000 after buying an additional 7,500 shares during the last quarter. A.R.T. Advisors LLC bought a new position in shares of MAG Silver Corp during the fourth quarter worth approximately $114,000. Finally, Quadrature Capital Ltd bought a new position in shares of MAG Silver Corp during the fourth quarter worth approximately $293,000.

Institutional Ownership by Quarter for MAG Silver Corp (NYSE:MAG)

Shares of MAG Silver Corp (NYSE MAG) traded up 0.42% during trading on Friday, reaching $12.07. The company’s stock had a trading volume of 4,066,753 shares. The company’s 50-day moving average price is $11.95 and its 200 day moving average price is $13.04. MAG Silver Corp has a 1-year low of $9.50 and a 1-year high of $18.12. The stock’s market capitalization is $974.71 million.

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A number of equities analysts have commented on the company. BMO Capital Markets upgraded MAG Silver Corp from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $18.00 to $9.50 in a research note on Friday, May 26th. Raymond James Financial, Inc. upgraded MAG Silver Corp from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, April 5th. Rodman & Renshaw restated a “buy” rating and issued a $20.50 target price (up from $20.00) on shares of MAG Silver Corp in a research note on Thursday, March 9th. Zacks Investment Research downgraded MAG Silver Corp from a “hold” rating to a “sell” rating in a research note on Friday, February 17th. Finally, TD Securities upgraded MAG Silver Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. MAG Silver Corp presently has an average rating of “Buy” and a consensus target price of $15.00.

About MAG Silver Corp

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

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