251,200 Shares in MAG Silver Corp. (NYSEAMERICAN:MAG) Bought by Monaco Asset Management SAM

Monaco Asset Management SAM purchased a new position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 251,200 shares of the company's stock, valued at approximately $2,615,000. Monaco Asset Management SAM owned 0.24% of MAG Silver at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Azarias Capital Management L.P. purchased a new stake in MAG Silver during the 4th quarter worth about $8,420,000. Van ECK Associates Corp boosted its holdings in shares of MAG Silver by 4.4% in the 3rd quarter. Van ECK Associates Corp now owns 9,746,401 shares of the company's stock valued at $101,069,000 after buying an additional 406,335 shares in the last quarter. Invesco Ltd. raised its stake in MAG Silver by 8.8% during the 3rd quarter. Invesco Ltd. now owns 1,465,920 shares of the company's stock worth $15,202,000 after acquiring an additional 118,211 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of MAG Silver by 2.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,542,545 shares of the company's stock valued at $26,403,000 after purchasing an additional 58,849 shares during the period. Finally, Lynwood Capital Management Inc. purchased a new position in MAG Silver during the 3rd quarter worth approximately $517,000. Institutional investors and hedge funds own 52.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MAG shares. Ventum Cap Mkts lowered shares of MAG Silver from a "buy" rating to a "neutral" rating in a research report on Friday, May 3rd. Scotiabank raised shares of MAG Silver from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the company from $15.00 to $13.50 in a report on Thursday, March 28th. Stifel Nicolaus dropped their price target on MAG Silver from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, March 20th. HC Wainwright boosted their target price on MAG Silver from $16.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, April 25th. Finally, StockNews.com upgraded shares of MAG Silver to a "sell" rating in a research report on Wednesday, March 27th. One equities 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.25.

MAG Silver Stock Down 3.2 %

Shares of NYSEAMERICAN:MAG traded down $0.42 on Friday, reaching $12.70. 858,172 shares of the company were exchanged, compared to its average volume of 858,978. The stock has a market cap of $1.31 billion, a PE ratio of 27.02 and a beta of 1.10. MAG Silver Corp. has a 1-year low of $8.19 and a 1-year high of $13.39.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last posted its quarterly earnings results on Tuesday, March 19th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Equities analysts anticipate that MAG Silver Corp. will post 0.55 earnings per share for the current year.

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.