Integrated Advisors Network LLC Has $620,000 Holdings in MAG Silver Corp. (NYSEAMERICAN:MAG)

Integrated Advisors Network LLC lowered its stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 63.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,150 shares of the company's stock after selling 77,900 shares during the quarter. Integrated Advisors Network LLC's holdings in MAG Silver were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Veracity Capital LLC raised its stake in MAG Silver by 16.8% in the third quarter. Veracity Capital LLC now owns 16,653 shares of the company's stock valued at $234,000 after buying an additional 2,396 shares in the last quarter. Perritt Capital Management Inc. acquired a new stake in shares of MAG Silver in the 1st quarter valued at about $26,000. Gamco Investors INC. ET AL increased its holdings in shares of MAG Silver by 15.0% in the first quarter. Gamco Investors INC. ET AL now owns 44,970 shares of the company's stock valued at $476,000 after purchasing an additional 5,850 shares during the period. Private Advisor Group LLC boosted its holdings in MAG Silver by 29.0% in the 1st quarter. Private Advisor Group LLC now owns 32,230 shares of the company's stock valued at $341,000 after purchasing an additional 7,244 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in MAG Silver by 8.7% during the 2nd quarter. CIBC Asset Management Inc now owns 115,179 shares of the company's stock worth $1,345,000 after purchasing an additional 9,173 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 recently issued reports on MAG shares. Roth Mkm lowered MAG Silver from a "buy" rating to a "neutral" rating and upped their target price for the company from $17.00 to $17.50 in a research note on Thursday, October 24th. StockNews.com upgraded MAG Silver from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Scotiabank raised their price objective on MAG Silver from $14.50 to $15.50 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Roth Capital lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, HC Wainwright increased their target price on MAG Silver from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $17.88.

MAG Silver Price Performance

Shares of MAG Silver stock traded down $0.33 during trading on Friday, hitting $16.76. 556,402 shares of the stock traded hands, compared to its average volume of 726,833. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 28.90 and a beta of 1.15. MAG Silver Corp. has a twelve month low of $8.19 and a twelve month high of $18.27.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. As a group, equities research analysts predict that MAG Silver Corp. will post 0.71 earnings per share for the current year.

MAG Silver 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.