Other analysts also recently issued research reports about the company. Canaccord Genuity reissued a buy rating and issued a $20.50 price target on shares of MAG Silver Corp in a report on Monday, June 20th. Zacks Investment Research raised MAG Silver Corp from a hold rating to a buy rating and set a $15.00 price target on the stock in a report on Tuesday, June 7th. Finally, Desjardins reissued a hold rating on shares of MAG Silver Corp in a report on Wednesday, June 22nd.
Shares of MAG Silver Corp (NYSE:MVG) opened at 12.52 on Friday. The company’s 50 day moving average price is $13.00 and its 200-day moving average price is $9.54. MAG Silver Corp has a 1-year low of $6.12 and a 1-year high of $14.40.
A number of hedge funds have recently made changes to their positions in the stock. CIBC World Markets Inc. acquired a new stake in shares of MAG Silver Corp during the second quarter valued at $189,000. Shell Asset Management Co. increased its stake in shares of MAG Silver Corp by 36.5% in the second quarter. Shell Asset Management Co. now owns 7,856 shares of the company’s stock valued at $128,000 after buying an additional 2,100 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of MAG Silver Corp during the second quarter valued at $2,351,000. CIBC Asset Management Inc acquired a new stake in shares of MAG Silver Corp during the second quarter valued at $382,000. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of MAG Silver Corp during the second quarter valued at $234,000.
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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