Azarias Capital Management L.P. Has $14.87 Million Position in MAG Silver Corp. (NYSEAMERICAN:MAG)

Azarias Capital Management L.P. raised its stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAGFree Report) by 73.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,405,136 shares of the company’s stock after buying an additional 596,283 shares during the quarter. MAG Silver comprises 6.2% of Azarias Capital Management L.P.’s portfolio, making the stock its 4th biggest position. Azarias Capital Management L.P. owned 1.36% of MAG Silver worth $14,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MAG. Raymond James Financial Services Advisors Inc. increased its position in shares of MAG Silver by 6.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 63,884 shares of the company’s stock valued at $665,000 after buying an additional 3,950 shares in the last quarter. CIBC Asset Management Inc increased its holdings in MAG Silver by 3.0% during the 4th quarter. CIBC Asset Management Inc now owns 90,881 shares of the company’s stock worth $949,000 after purchasing an additional 2,652 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of MAG Silver in the 3rd quarter valued at about $127,000. National Bank of Canada FI lifted its holdings in shares of MAG Silver by 5.9% in the fourth quarter. National Bank of Canada FI now owns 240,600 shares of the company’s stock valued at $2,477,000 after purchasing an additional 13,348 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of MAG Silver during the fourth quarter worth about $513,000. 52.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MAG has been the topic of a number of recent research reports. StockNews.com raised MAG Silver to a “sell” rating in a research report on Wednesday, March 27th. HC Wainwright restated a “buy” rating and set a $17.00 target price on shares of MAG Silver in a report on Thursday, May 16th. Stifel Nicolaus raised their price objective on MAG Silver from $20.25 to $20.50 and gave the company a “buy” rating in a report on Wednesday, May 15th. Scotiabank upped their price objective on MAG Silver from $13.50 to $14.50 and gave the stock a “sector outperform” rating in a research note on Thursday, May 23rd. Finally, Ventum Cap Mkts lowered shares of MAG Silver from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.88.

Get Our Latest Analysis on MAG Silver

MAG Silver Price Performance

MAG stock traded up $0.40 during trading hours on Thursday, hitting $12.25. 415,855 shares of the stock were exchanged, compared to its average volume of 558,560. MAG Silver Corp. has a 12 month low of $8.19 and a 12 month high of $14.30. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 21.88 and a beta of 1.12.

MAG Silver (NYSEAMERICAN:MAGGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. Research analysts expect that MAG Silver Corp. will post 0.55 EPS for the current year.

MAG Silver Company Profile

(Free Report)

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.

See Also

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

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