Toronto Dominion Bank Has $424000 Position in MAG Silver Corp. (NYSEAMERICAN:MAG) - Defense World

Toronto Dominion Bank increased its position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG – Get Rating) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,200 shares of the company's stock after purchasing an additional 2,800 shares during the period. Toronto Dominion Bank's holdings in MAG Silver were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Shell Asset Management Co. raised its holdings in MAG Silver by 22.0% in the 4th quarter. Shell Asset Management Co. now owns 9,971 shares of the company's stock valued at $157,000 after acquiring an additional 1,800 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in MAG Silver by 4.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 42,192 shares of the company's stock valued at $683,000 after acquiring an additional 1,841 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of MAG Silver by 9.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 40,930 shares of the company's stock valued at $641,000 after purchasing an additional 3,410 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of MAG Silver by 4.6% in the 1st quarter. CIBC Asset Management Inc now owns 77,181 shares of the company's stock valued at $1,251,000 after purchasing an additional 3,416 shares during the last quarter. Finally, Dubuque Bank & Trust Co. increased its stake in shares of MAG Silver by 25.0% in the 1st quarter. Dubuque Bank & Trust Co. now owns 20,000 shares of the company's stock valued at $323,000 after purchasing an additional 4,000 shares during the last quarter. 48.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. 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. Stifel Nicolaus decreased their price target on MAG Silver from C$29.75 to C$28.75 in a research note on Friday. Finally, 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.21.

MAG Silver Stock Performance

Shares of NYSEAMERICAN:MAG opened at $12.74 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of 159.27 and a beta of 1.10. MAG Silver Corp. has a 1 year low of $10.32 and a 1 year high of $21.73.

About MAG Silver

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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.

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