MAG Silver Corp. (NYSEAMERICAN:MAG) Stake Boosted by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 11.2% in the 3rd quarter, Holdings Channel reports. The firm owned 27,531 shares of the company’s stock after acquiring an additional 2,770 shares during the quarter. Toronto Dominion Bank’s holdings in MAG Silver were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise grew its holdings in MAG Silver by 1.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 36,930 shares of the company’s stock worth $598,000 after buying an additional 625 shares in the last quarter. Raymond James & Associates grew its holdings in MAG Silver by 0.6% in the 3rd quarter. Raymond James & Associates now owns 126,548 shares of the company’s stock worth $2,046,000 after buying an additional 726 shares in the last quarter. Alberta Investment Management Corp grew its holdings in MAG Silver by 3.1% in the 2nd quarter. Alberta Investment Management Corp now owns 39,600 shares of the company’s stock worth $829,000 after buying an additional 1,200 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in MAG Silver by 4.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 37,520 shares of the company’s stock worth $785,000 after buying an additional 1,440 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its holdings in MAG Silver by 3.8% in the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 40,541 shares of the company’s stock worth $848,000 after buying an additional 1,501 shares in the last quarter. 41.06% of the stock is owned by institutional investors.

Shares of NYSEAMERICAN:MAG opened at $15.01 on Friday. MAG Silver Corp. has a 12-month low of $14.15 and a 12-month high of $24.43. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 187.65 and a beta of 1.17.

MAG Silver (NYSEAMERICAN:MAG) last announced its earnings results on Monday, November 15th. The company reported ($0.02) earnings per share (EPS) for the quarter. Equities research analysts anticipate that MAG Silver Corp. will post -0.01 earnings per share for the current year.

A number of brokerages recently issued reports on MAG. BMO Capital Markets decreased their price objective on MAG Silver from C$24.00 to C$23.50 and set a “market perform” rating for the company in a report on Wednesday, January 5th. Raymond James decreased their price objective on MAG Silver from C$28.50 to C$28.00 and set an “outperform” rating for the company in a report on Tuesday, November 30th. Zacks Investment Research raised MAG Silver from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Friday, October 15th. Finally, TD Securities assumed coverage on MAG Silver in a research report on Monday, December 6th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $26.17.

MAG Silver Profile

MAG Silver Corp. operates as a Canadian development and exploration company, which focuses on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the Operator.

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Institutional Ownership by Quarter for MAG Silver (NYSEAMERICAN:MAG)

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