Gilder Gagnon Howe & Co. LLC lowered its stake in shares of MAG Silver Corp. (NYSEAMERICAN:MAG – Get Rating) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,470,746 shares of the company's stock after selling 23,916 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in MAG Silver were worth $23,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sprott Inc. boosted its stake in MAG Silver by 4.5% during the fourth quarter. Sprott Inc. now owns 4,982,345 shares of the company's stock worth $78,111,000 after buying an additional 213,242 shares during the last quarter. Van ECK Associates Corp boosted its stake in MAG Silver by 13.5% during the first quarter. Van ECK Associates Corp now owns 4,751,144 shares of the company's stock worth $76,826,000 after buying an additional 566,717 shares during the last quarter. ETF Managers Group LLC lifted its stake in shares of MAG Silver by 52.7% in the 4th quarter. ETF Managers Group LLC now owns 4,358,743 shares of the company's stock valued at $67,502,000 after purchasing an additional 1,505,098 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of MAG Silver by 17.3% in the 1st quarter. First Eagle Investment Management LLC now owns 4,065,021 shares of the company's stock valued at $65,813,000 after purchasing an additional 600,000 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of MAG Silver by 5.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,903,880 shares of the company's stock valued at $30,851,000 after purchasing an additional 97,460 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.

MAG Silver Trading Up 2.8 %

MAG stock opened at $13.46 on Tuesday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 168.27 and a beta of 1.10. MAG Silver Corp. has a 12-month low of $10.32 and a 12-month high of $21.73.

Analyst Upgrades and Downgrades

MAG has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price target on MAG Silver from C$29.75 to C$28.75 in a research note on Friday, August 19th. TD Securities decreased their price target on MAG Silver from C$31.00 to C$28.00 in a research note on Wednesday, May 18th. Finally, National Bank Financial decreased their price target on MAG Silver from C$28.25 to C$23.50 in a research note on Thursday, July 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.21.

About MAG Silver

(Get Rating)

MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

Featured Stories

• Get a free copy of the StockNews.com research report on MAG Silver (MAG)
• Do These Dividend Achievers Deserve A Place In Your Portfolio?
• Darden Restaurants Takes the Low Road Against Inflation
• Why These 3 Stocks Are Off to Hot September Starts
• Inflation Doesn't Differentiate, But it's Impact Does
• 3 Downgraded Must-Have Stocks To Put On Your Watchlist

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 – Get Rating).

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.