Janus Henderson Group PLC Has $7.76 Million Holdings in MAG Silver Corp. (NYSEAMERICAN:MAG)

Janus Henderson Group PLC decreased its position in MAG Silver Corp. (NYSEAMERICAN:MAG) by 12.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 553,815 shares of the company’s stock after selling 79,828 shares during the period. Janus Henderson Group PLC’s holdings in MAG Silver were worth $7,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of MAG Silver in the third quarter valued at approximately $28,000. Quantbot Technologies LP bought a new stake in shares of MAG Silver during the 3rd quarter valued at $52,000. Addenda Capital Inc. acquired a new stake in shares of MAG Silver during the 2nd quarter worth $123,000. Pekin Hardy Strauss Inc. bought a new position in shares of MAG Silver in the third quarter worth $140,000. Finally, International Assets Investment Management LLC acquired a new position in MAG Silver in the third quarter valued at about $148,000. Institutional investors own 52.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on MAG shares. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Roth Mkm downgraded shares of MAG Silver from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $17.00 to $17.50 in a research report on Thursday, October 24th. StockNews.com raised MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Scotiabank boosted their price target on MAG Silver from $14.50 to $15.50 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, HC Wainwright raised their price objective on MAG Silver from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.38.

MAG Silver Stock Down 1.5 %

Shares of MAG opened at $15.11 on Monday. MAG Silver Corp. has a 1 year low of $8.19 and a 1 year high of $18.27. The stock has a market cap of $1.56 billion, a PE ratio of 21.28 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 for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. On average, research analysts anticipate that MAG Silver Corp. will post 0.75 EPS for the current fiscal year.

About MAG Silver

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.