MAG Silver (NYSEAMERICAN:MAG) Receives “Buy” Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of MAG Silver (NYSEAMERICAN:MAG) in a report published on Tuesday morning,Benzinga reports. They currently have a $21.00 price target on the stock.

MAG Silver Stock Performance

MAG stock opened at $15.41 on Tuesday. The firm has a market cap of $1.59 billion, a PE ratio of 21.70 and a beta of 1.09. MAG Silver has a 52-week low of $8.19 and a 52-week high of $18.27.

Institutional Investors Weigh In On MAG Silver

Institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of MAG Silver in the third quarter worth $28,000. Quantbot Technologies LP purchased a new stake in MAG Silver during the 3rd quarter worth $52,000. DF Dent & Co. Inc. purchased a new stake in MAG Silver during the 3rd quarter worth $140,000. Pekin Hardy Strauss Inc. acquired a new stake in MAG Silver in the 3rd quarter valued at $140,000. Finally, International Assets Investment Management LLC purchased a new position in MAG Silver in the third quarter valued at about $148,000. Hedge funds and other institutional investors own 52.50% of the company’s stock.

About MAG Silver

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.