Trading Report: The MAG Silver Corp (MVG) Given “Buy” Rating at Roth Capital

The MAG Silver Corp (MVG) Given “Buy” Rating at Roth Capital

Roth Capital restated their buy rating on shares of MAG Silver Corp (NYSE:MVG) in a research note published on Thursday morning.

A number of other equities analysts also recently commented on MVG. TD Securities reiterated a hold rating and issued a $21.00 target price on shares of MAG Silver Corp in a report on Friday, September 23rd. Canaccord Genuity upgraded shares of MAG Silver Corp from a hold rating to a buy rating in a report on Monday. Finally, Desjardins reiterated a hold rating on shares of MAG Silver Corp in a report on Wednesday, June 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. MAG Silver Corp has a consensus rating of Buy and an average target price of $18.83.

Shares of MAG Silver Corp (NYSE:MVG) remained flat at $12.52 during trading on Thursday. The firm’s 50 day moving average price is $13.00 and its 200-day moving average price is $9.54. MAG Silver Corp has a one year low of $6.12 and a one year high of $14.40.

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in MAG Silver Corp by 22.7% in the second quarter. Van ECK Associates Corp now owns 5,543,076 shares of the company’s stock worth $69,874,000 after buying an additional 1,024,031 shares in the last quarter. Public Sector Pension Investment Board acquired a new position in MAG Silver Corp during the second quarter worth $5,939,000. Mackenzie Financial Corp acquired a new position in MAG Silver Corp during the second quarter worth $5,325,000. TD Asset Management Inc. boosted its position in MAG Silver Corp by 128.2% in the second quarter. TD Asset Management Inc. now owns 510,667 shares of the company’s stock worth $6,405,000 after buying an additional 286,867 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in MAG Silver Corp during the second quarter worth $2,351,000.

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