MAG Silver Corp (NYSEAMERICAN:MAG) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 3,483,208 shares, a growth of 0.2% from the April 15th total of 3,475,872 shares. Based on an average trading volume of 242,295 shares, the days-to-cover ratio is presently 14.4 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC raised its stake in shares of MAG Silver by 98.6% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 1,608,390 shares of the company’s stock worth $17,145,000 after purchasing an additional 798,570 shares during the period. FMR LLC raised its stake in shares of MAG Silver by 19.7% during the 1st quarter. FMR LLC now owns 728,901 shares of the company’s stock worth $7,783,000 after purchasing an additional 120,000 shares during the period. Morgan Stanley raised its stake in shares of MAG Silver by 50.6% during the 1st quarter. Morgan Stanley now owns 1,390,462 shares of the company’s stock worth $14,823,000 after purchasing an additional 467,386 shares during the period. Sprott Inc. raised its stake in shares of MAG Silver by 3.8% during the 1st quarter. Sprott Inc. now owns 1,298,944 shares of the company’s stock worth $16,018,000 after purchasing an additional 48,002 shares during the period. Finally, FIL Ltd bought a new stake in shares of MAG Silver during the 1st quarter worth $32,000.

A number of equities analysts have issued reports on MAG shares. Zacks Investment Research downgraded shares of MAG Silver from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Raymond James reaffirmed an “average” rating and set a $19.00 price objective on shares of MAG Silver in a report on Wednesday, March 6th. HC Wainwright reaffirmed a “buy” rating and set a $16.50 price objective on shares of MAG Silver in a report on Thursday, March 7th. Roth Capital reiterated a “buy” rating on shares of MAG Silver in a research note on Wednesday, March 6th. Finally, Macquarie reiterated a “buy” rating on shares of MAG Silver in a research note on Friday, April 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $15.67.

NYSEAMERICAN MAG opened at $9.17 on Thursday. MAG Silver has a one year low of $6.12 and a one year high of $12.00.

MAG Silver (NYSEAMERICAN:MAG) last released its earnings results on Monday, April 1st. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03).

COPYRIGHT VIOLATION WARNING: “Short Interest in MAG Silver Corp (MAG) Expands By 0.2%” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://theolympiareport.com/2019/05/23/short-interest-in-mag-silver-corp-mag-expands-by-0-2.html.

MAG Silver Company Profile

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Mexico. It explores for silver, gold, lead, and zinc deposits. The company primarily holds interest in the Juanicipio property covering an area of approximately 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

Featured Article: What is Depreciation?

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.