Global X Management Co. LLC cut its position in MAG Silver Corp (NYSE:MAG) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 829,987 shares of the industrial goods maker’s stock after selling 18,907 shares during the period. Global X Management Co. LLC’s holdings in MAG Silver Corp were worth $10,823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. bought a new position in MAG Silver Corp during the fourth quarter worth about $164,000. Goldman Sachs Group Inc. bought a new position in MAG Silver Corp during the first quarter worth about $242,000. Highbridge Capital Management LLC bought a new position in MAG Silver Corp during the first quarter worth about $309,000. Quadrature Capital Ltd bought a new position in MAG Silver Corp during the fourth quarter worth about $293,000. Finally, Renaissance Technologies LLC bought a new position in MAG Silver Corp during the fourth quarter worth about $332,000.

MAG Silver Corp (MAG) opened at 12.81 on Thursday. MAG Silver Corp has a 12-month low of $9.50 and a 12-month high of $18.12. The firm has a 50 day moving average of $12.98 and a 200-day moving average of $13.31. The stock’s market cap is $1.03 billion.

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A number of research firms have issued reports on MAG. Zacks Investment Research cut shares of MAG Silver Corp from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. 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 stock from $18.00 to $9.50 in a report on Friday, May 26th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. MAG Silver Corp has a consensus rating of “Buy” and an average price target of $15.25.

About MAG Silver Corp

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.

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

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