Roth Capital reaffirmed their buy rating on shares of MAG Silver Corp (NYSE:MVG) in a research note issued to investors on Thursday morning.

MVG has been the topic of a number of other reports. Canaccord Genuity raised shares of MAG Silver Corp from a hold rating to a buy rating in a research report on Monday. Desjardins reissued a hold rating on shares of MAG Silver Corp in a research report on Wednesday, June 22nd. Finally, TD Securities reaffirmed a hold rating and issued a $21.00 price objective on shares of MAG Silver Corp in a research report on Friday, September 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $18.83.

Shares of MAG Silver Corp (NYSE:MVG) remained flat at $12.52 on Thursday. MAG Silver Corp has a 12 month low of $6.12 and a 12 month high of $14.40. The firm’s 50-day moving average is $13.00 and its 200-day moving average is $9.54.

Several institutional investors have recently modified their holdings of MVG. Global X Management Co. LLC boosted its position in shares of MAG Silver Corp by 17.4% in the second quarter. Global X Management Co. LLC now owns 999,858 shares of the company’s stock valued at $12,608,000 after buying an additional 148,388 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of MAG Silver Corp during the second quarter valued at $2,351,000. U S Global Investors Inc. acquired a new position in shares of MAG Silver Corp during the second quarter valued at $1,261,000. TD Asset Management Inc. boosted its position in shares of MAG Silver Corp by 128.2% in the second quarter. TD Asset Management Inc. now owns 510,667 shares of the company’s stock valued at $6,405,000 after buying an additional 286,867 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of MAG Silver Corp by 2.5% in the second quarter. Franklin Resources Inc. now owns 1,075,000 shares of the company’s stock valued at $13,553,000 after buying an additional 26,000 shares during the period.

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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