MAG Silver Corp. (NYSEAMERICAN:MAG) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lowered its stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,959 shares of the company’s stock after selling 2,248 shares during the quarter. Toronto Dominion Bank’s holdings in MAG Silver were worth $435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC raised its stake in MAG Silver by 211.5% in the 3rd quarter. Barclays PLC now owns 30,780 shares of the company’s stock worth $432,000 after acquiring an additional 20,899 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of MAG Silver in the third quarter valued at about $390,000. DF Dent & Co. Inc. purchased a new position in shares of MAG Silver in the third quarter worth about $140,000. National Bank of Canada FI lifted its holdings in shares of MAG Silver by 12.0% during the third quarter. National Bank of Canada FI now owns 225,802 shares of the company’s stock worth $3,171,000 after purchasing an additional 24,185 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in MAG Silver in the third quarter valued at approximately $168,000. 52.50% of the stock is owned by hedge funds and other institutional investors.

MAG Silver Trading Down 0.7 %

Shares of NYSEAMERICAN:MAG opened at $14.83 on Tuesday. MAG Silver Corp. has a 1 year low of $8.19 and a 1 year high of $18.27. The company has a market capitalization of $1.53 billion, a PE ratio of 20.89 and a beta of 1.07.

MAG Silver (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, November 12th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Research analysts anticipate that MAG Silver Corp. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on MAG. Scotiabank raised their price target on shares of MAG Silver from $14.50 to $15.50 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Roth Mkm cut shares of MAG Silver from a “buy” rating to a “neutral” rating and raised their target price for the stock from $17.00 to $17.50 in a report on Thursday, October 24th. StockNews.com raised shares of MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, HC Wainwright boosted their price objective on MAG Silver from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.38.

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.