Connor Clark & Lunn Investment Management Ltd. Purchases 73,205 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in MAG Silver Corp. (NYSEAMERICAN:MAGFree Report) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,161,605 shares of the company’s stock after acquiring an additional 73,205 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 1.12% of MAG Silver worth $15,762,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of MAG Silver in the third quarter valued at about $52,000. Pekin Hardy Strauss Inc. acquired a new stake in MAG Silver in the 3rd quarter valued at approximately $140,000. DF Dent & Co. Inc. acquired a new stake in MAG Silver in the 3rd quarter valued at approximately $140,000. Aigen Investment Management LP acquired a new position in shares of MAG Silver during the fourth quarter worth approximately $156,000. Finally, Verition Fund Management LLC bought a new stake in shares of MAG Silver in the third quarter valued at approximately $168,000. 52.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MAG. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research note on Monday. HC Wainwright reissued a “buy” rating and set a $21.00 price objective on shares of MAG Silver in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MAG Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.63.

Check Out Our Latest Stock Report on MAG

MAG Silver Stock Performance

Shares of NYSEAMERICAN MAG opened at $16.07 on Friday. MAG Silver Corp. has a 1-year low of $8.94 and a 1-year high of $18.27. The business has a 50-day moving average of $15.20. The company has a market capitalization of $1.66 billion, a P/E ratio of 22.63 and a beta of 1.09.

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

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

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