Barclays PLC Has $432,000 Stock Position in MAG Silver Corp. (NYSEAMERICAN:MAG)

Barclays PLC lifted its position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 211.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 30,780 shares of the company’s stock after purchasing an additional 20,899 shares during the quarter. Barclays PLC’s holdings in MAG Silver were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in MAG Silver in the third quarter valued at about $28,000. Quantbot Technologies LP acquired a new stake in MAG Silver during the third quarter valued at approximately $52,000. Pekin Hardy Strauss Inc. bought a new stake in shares of MAG Silver in the 3rd quarter valued at approximately $140,000. DF Dent & Co. Inc. acquired a new position in shares of MAG Silver in the 3rd quarter worth approximately $140,000. Finally, International Assets Investment Management LLC bought a new position in shares of MAG Silver during the 3rd quarter worth approximately $148,000. 52.50% of the stock is currently owned by institutional investors.

MAG Silver Trading Down 2.6 %

Shares of MAG stock opened at $14.03 on Friday. MAG Silver Corp. has a 52 week low of $8.19 and a 52 week high of $18.27. The firm has a market cap of $1.45 billion, a PE ratio of 19.76 and a beta of 1.07.

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

Wall Street Analysts Forecast Growth

MAG has been the topic of a number of analyst reports. HC Wainwright upped their price target on MAG Silver from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. StockNews.com raised shares of MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Roth Mkm lowered shares of MAG Silver from a “buy” rating to a “neutral” rating and boosted their price target for the company from $17.00 to $17.50 in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.38.

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.