Campbell & CO Investment Adviser LLC Takes Position in MAG Silver Corp. (NYSEAMERICAN:MAG)

Campbell & CO Investment Adviser LLC bought a new position in shares of MAG Silver Corp. (NYSEAMERICAN:MAGFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 49,236 shares of the company’s stock, valued at approximately $513,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Crown Wealth Group LLC bought a new position in MAG Silver in the 4th quarter valued at $118,000. Quadrature Capital Ltd bought a new position in shares of MAG Silver in the third quarter valued at about $127,000. Veracity Capital LLC raised its holdings in shares of MAG Silver by 50.0% in the fourth quarter. Veracity Capital LLC now owns 16,654 shares of the company’s stock valued at $173,000 after buying an additional 5,551 shares during the last quarter. Rathbones Group PLC acquired a new position in MAG Silver during the 3rd quarter worth about $218,000. Finally, Duality Advisers LP bought a new stake in MAG Silver during the 4th quarter worth about $255,000. 52.50% of the stock is owned by institutional investors.

MAG Silver Stock Performance

Shares of MAG Silver stock opened at $12.63 on Monday. The firm has a market cap of $1.30 billion, a P/E ratio of 22.55 and a beta of 1.14. MAG Silver Corp. has a 12 month low of $8.19 and a 12 month high of $14.30.

MAG Silver (NYSEAMERICAN:MAGGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. On average, analysts expect that MAG Silver Corp. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on MAG

About MAG Silver

(Free Report)

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.

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Institutional Ownership by Quarter for MAG Silver (NYSEAMERICAN:MAG)

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