Public Sector Pension investment Board lowered its holdings in MAG Silver Corp (NYSE:MAG) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 395,000 shares of the industrial goods maker’s stock after selling 42,800 shares during the quarter. Public Sector Pension investment Board owned 0.49% of MAG Silver Corp worth $5,149,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MAG. UBS Asset Management Americas Inc. grew its position in MAG Silver Corp by 12.5% during the second quarter. UBS Asset Management Americas Inc. now owns 25,159 shares of the industrial goods maker’s stock valued at $328,000 after buying an additional 2,800 shares during the period. Edmond DE Rothschild Holding S.A. grew its position in MAG Silver Corp by 10.8% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 41,000 shares of the industrial goods maker’s stock valued at $536,000 after buying an additional 4,000 shares during the period. GRT Capital Partners L.L.C. grew its position in MAG Silver Corp by 32.1% during the second quarter. GRT Capital Partners L.L.C. now owns 23,842 shares of the industrial goods maker’s stock valued at $311,000 after buying an additional 5,800 shares during the period. TD Asset Management Inc. grew its position in MAG Silver Corp by 1.5% during the second quarter. TD Asset Management Inc. now owns 419,491 shares of the industrial goods maker’s stock valued at $5,469,000 after buying an additional 6,400 shares during the period. Finally, Sigma Planning Corp acquired a new stake in MAG Silver Corp during the second quarter valued at $203,000.

MAG has been the topic of several analyst reports. BMO Capital Markets upgraded shares of MAG Silver Corp from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $18.00 to $9.50 in a research report on Friday, May 26th. Zacks Investment Research upgraded shares of MAG Silver Corp from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, July 19th. Finally, Roth Capital set a $22.00 price target on shares of MAG Silver Corp and gave the company a “buy” rating in a research report on Monday, August 21st. Five analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $16.50.

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MAG Silver Corp (NYSE MAG) opened at 11.96 on Friday. The stock’s market capitalization is $966.32 million. MAG Silver Corp has a 12-month low of $9.50 and a 12-month high of $17.35. The firm’s 50-day moving average is $12.58 and its 200 day moving average is $12.78.

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

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