GRT Capital Partners L.L.C. bought a new stake in shares of MAG Silver Corp (NYSE:MAG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 19,542 shares of the company’s stock, valued at approximately $216,000.
Separately, Investec Asset Management LTD bought a new stake in shares of MAG Silver Corp during the fourth quarter valued at $1,908,000.
MAG Silver Corp (NYSE:MAG) traded down 2.71% during midday trading on Wednesday, hitting $16.14. The stock had a trading volume of 191,122 shares. The stock’s market cap is $1.30 billion. The stock has a 50 day moving average of $13.59 and a 200 day moving average of $14.15. MAG Silver Corp has a 12 month low of $6.93 and a 12 month high of $18.12.
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Several equities research analysts have weighed in on MAG shares. Zacks Investment Research raised MAG Silver Corp from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, November 23rd. Desjardins raised MAG Silver Corp from a “hold” rating to a “buy” rating in a research report on Thursday, October 20th. Raymond James Financial, Inc. downgraded MAG Silver Corp from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday. Finally, Citigroup Inc. raised MAG Silver Corp from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, December 22nd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.00.
MAG Silver Corp Company Profile
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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