Janus Henderson Group PLC Has $7.76 Million Position in MAG Silver Corp. (NYSEAMERICAN:MAG)

Janus Henderson Group PLC cut its holdings in shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 12.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 553,815 shares of the company's stock after selling 79,828 shares during the period. Janus Henderson Group PLC owned about 0.54% of MAG Silver worth $7,758,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp grew its stake in MAG Silver by 310.5% in the second quarter. Mackenzie Financial Corp now owns 190,385 shares of the company's stock worth $2,224,000 after purchasing an additional 144,007 shares in the last quarter. Van ECK Associates Corp grew its stake in MAG Silver by 4.8% in the third quarter. Van ECK Associates Corp now owns 10,231,410 shares of the company's stock worth $143,649,000 after purchasing an additional 467,817 shares in the last quarter. PCJ Investment Counsel Ltd. grew its stake in MAG Silver by 38.1% in the third quarter. PCJ Investment Counsel Ltd. now owns 369,290 shares of the company's stock worth $5,196,000 after purchasing an additional 101,870 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in MAG Silver by 304.8% in the second quarter. Cubist Systematic Strategies LLC now owns 25,569 shares of the company's stock worth $299,000 after purchasing an additional 19,253 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in MAG Silver by 12.2% in the second quarter. Gabelli Funds LLC now owns 459,000 shares of the company's stock valued at $5,357,000 after acquiring an additional 50,000 shares during the period. 52.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Roth Capital cut MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. HC Wainwright lifted their price target on MAG Silver from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Scotiabank lifted their price target on MAG Silver from $14.50 to $15.50 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Roth Mkm cut MAG Silver from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $17.00 to $17.50 in a report on Thursday, October 24th. Finally, StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, MAG Silver presently has an average rating of "Hold" and a consensus price target of $18.38.

MAG Silver Trading Up 4.2 %

Shares of MAG stock traded up $0.64 on Monday, hitting $15.75. The company's stock had a trading volume of 779,600 shares, compared to its average volume of 718,434. MAG Silver Corp. has a fifty-two week low of $8.19 and a fifty-two week high of $18.27. The firm has a market cap of $1.63 billion, a PE ratio of 22.18 and a beta of 1.07.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. As a group, analysts forecast that MAG Silver Corp. will post 0.75 EPS for the current fiscal year.

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.