Signition LP Purchases New Position in MAG Silver Corp (MAG)

Signition LP purchased a new position in MAG Silver Corp (NYSEAMERICAN:MAG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,400 shares of the company’s stock, valued at approximately $109,000.

A number of other hedge funds also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in MAG Silver by 711.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 773,088 shares of the company’s stock worth $8,345,000 after acquiring an additional 677,843 shares in the last quarter. Millennium Management LLC bought a new position in MAG Silver during the 2nd quarter worth about $1,425,000. Global X Management Co LLC grew its holdings in MAG Silver by 12.0% during the 2nd quarter. Global X Management Co LLC now owns 1,139,617 shares of the company’s stock worth $12,302,000 after acquiring an additional 122,338 shares in the last quarter. TD Asset Management Inc. grew its holdings in MAG Silver by 32.9% during the 2nd quarter. TD Asset Management Inc. now owns 426,591 shares of the company’s stock worth $4,605,000 after acquiring an additional 105,700 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its holdings in MAG Silver by 1.2% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 7,196,925 shares of the company’s stock worth $77,787,000 after acquiring an additional 87,000 shares in the last quarter.

MAG has been the topic of a number of recent analyst reports. HC Wainwright set a $19.00 price target on shares of MAG Silver and gave the company a “buy” rating in a report on Monday, October 22nd. Zacks Investment Research cut shares of MAG Silver from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Finally, National Bank Financial restated an “outperform spec market weight” rating on shares of MAG Silver in a report on Sunday, August 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.00.

NYSEAMERICAN:MAG opened at $7.08 on Wednesday. MAG Silver Corp has a fifty-two week low of $6.98 and a fifty-two week high of $12.78.

MAG Silver (NYSEAMERICAN:MAG) last released its quarterly earnings results on Tuesday, August 14th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01).

TRADEMARK VIOLATION WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/11/07/signition-lp-purchases-new-position-in-mag-silver-corp-mag.html.

MAG Silver Company Profile

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

Featured Story: Penny Stocks

Want to see what other hedge funds are holding MAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MAG Silver Corp (NYSEAMERICAN:MAG).

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

Receive News & Ratings for MAG Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAG Silver and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply