Barclays PLC Purchases 20,899 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

Barclays PLC boosted its stake in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 211.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,780 shares of the company's stock after purchasing an additional 20,899 shares during the period. Barclays PLC's holdings in MAG Silver were worth $432,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of MAG Silver during the 3rd quarter valued at about $390,000. DF Dent & Co. Inc. purchased a new stake in MAG Silver during the third quarter valued at approximately $140,000. National Bank of Canada FI raised its position in MAG Silver by 12.0% in the third quarter. National Bank of Canada FI now owns 225,802 shares of the company's stock worth $3,171,000 after acquiring an additional 24,185 shares during the period. Verition Fund Management LLC bought a new position in MAG Silver in the third quarter worth approximately $168,000. Finally, Quantbot Technologies LP purchased a new position in shares of MAG Silver during the 3rd quarter worth $52,000. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

MAG Silver Trading Up 0.6 %

Shares of MAG stock traded up $0.09 during trading hours on Friday, reaching $15.17. 636,747 shares of the stock were exchanged, compared to its average volume of 387,497. MAG Silver Corp. has a 12-month low of $8.19 and a 12-month high of $18.27. The stock has a market cap of $1.57 billion, a PE ratio of 21.37 and a beta of 1.08.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. Sell-side analysts forecast that MAG Silver Corp. will post 0.75 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MAG shares. HC Wainwright lifted their price objective on MAG Silver from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Roth Mkm cut MAG Silver from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $17.00 to $17.50 in a report on Thursday, October 24th. Finally, Roth Capital lowered shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.