Gamco Investors INC. ET AL continued to hold its stake in shares of MAG Silver Corp (NYSE:MAG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,650 shares of the industrial goods maker’s stock at the end of the second quarter. Gamco Investors INC. ET AL’s holdings in MAG Silver Corp were worth $504,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in shares of MAG Silver Corp by 22.5% in the first quarter. Van ECK Associates Corp now owns 9,064,891 shares of the industrial goods maker’s stock valued at $119,022,000 after buying an additional 1,662,008 shares during the period. Sprott Inc. raised its stake in shares of MAG Silver Corp by 24.6% in the second quarter. Sprott Inc. now owns 1,233,819 shares of the industrial goods maker’s stock valued at $16,089,000 after buying an additional 243,238 shares during the period. Mackenzie Financial Corp raised its stake in shares of MAG Silver Corp by 69.9% in the first quarter. Mackenzie Financial Corp now owns 579,200 shares of the industrial goods maker’s stock valued at $7,605,000 after buying an additional 238,300 shares during the period. Investec Asset Management LTD raised its stake in shares of MAG Silver Corp by 96.1% in the first quarter. Investec Asset Management LTD now owns 339,405 shares of the industrial goods maker’s stock valued at $4,431,000 after buying an additional 166,303 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of MAG Silver Corp by 18.1% in the first quarter. JPMorgan Chase & Co. now owns 785,966 shares of the industrial goods maker’s stock valued at $10,319,000 after buying an additional 120,700 shares during the period.

Shares of MAG Silver Corp (MAG) opened at 12.37 on Thursday. MAG Silver Corp has a 52-week low of $9.50 and a 52-week high of $18.12. The firm’s market capitalization is $999.45 million. The company’s 50-day moving average is $12.90 and its 200 day moving average is $13.18.

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MAG has been the topic of several research reports. Zacks Investment Research raised shares of MAG Silver Corp from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, July 19th. BMO Capital Markets raised shares of MAG Silver Corp from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $18.00 to $9.50 in a report on Friday, May 26th. Finally, Roth Capital set a $22.00 price target on shares of MAG Silver Corp and gave the company a “buy” rating in a report on Monday, August 21st. Five equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.50.

MAG Silver Corp Company Profile

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

Institutional Ownership by Quarter for MAG Silver Corp (NYSE:MAG)

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