MAG Silver (NYSEAMERICAN:MAG) Lowered to “Neutral” at Ventum Cap Mkts

Ventum Cap Mkts cut shares of MAG Silver (NYSEAMERICAN:MAG) from a buy rating to a neutral rating in a research note issued to investors on Friday morning, Zacks.com reports.

A number of other brokerages have also recently weighed in on MAG. Stifel Nicolaus dropped their price target on MAG Silver from $20.00 to $19.00 and set a buy rating on the stock in a research report on Wednesday, March 20th. Scotiabank upgraded MAG Silver from a sector perform rating to a sector outperform rating and cut their target price for the company from $15.00 to $13.50 in a research note on Thursday, March 28th. StockNews.com raised shares of MAG Silver to a sell rating in a report on Wednesday, March 27th. Finally, HC Wainwright raised their price target on shares of MAG Silver from $16.00 to $17.00 and gave the company a buy rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $18.25.

MAG Silver Stock Performance

Shares of MAG opened at $12.64 on Friday. MAG Silver has a twelve month low of $8.19 and a twelve month high of $13.40. The firm has a market capitalization of $1.30 billion, a P/E ratio of 26.89 and a beta of 1.10.

MAG Silver (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Tuesday, March 19th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Equities research analysts expect that MAG Silver will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Banque Cantonale Vaudoise grew its stake in shares of MAG Silver by 8.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 11,012 shares of the company’s stock worth $116,000 after purchasing an additional 876 shares during the last quarter. Crown Wealth Group LLC bought a new position in shares of MAG Silver in the fourth quarter valued at $118,000. Quadrature Capital Ltd acquired a new stake in shares of MAG Silver during the 3rd quarter valued at $127,000. Privium Fund Management B.V. boosted its stake in shares of MAG Silver by 44.9% during the 3rd quarter. Privium Fund Management B.V. now owns 15,500 shares of the company’s stock worth $161,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Veracity Capital LLC grew its holdings in shares of MAG Silver by 50.0% in the 4th quarter. Veracity Capital LLC now owns 16,654 shares of the company’s stock worth $173,000 after acquiring an additional 5,551 shares during the last quarter. 52.50% of the stock is owned by institutional investors and hedge funds.

MAG Silver Company Profile

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.