Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have earned an average recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$28.44.
Several equities research analysts recently commented on MAG shares. National Bank Financial boosted their target price on MAG Silver from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Friday, September 10th. HC Wainwright reaffirmed a “buy” rating and issued a C$22.50 price target on shares of MAG Silver in a report on Wednesday, September 8th. National Bankshares upped their price target on MAG Silver from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Friday, September 10th. Raymond James reaffirmed an “outperform” rating and issued a C$28.00 price target on shares of MAG Silver in a report on Friday, August 6th. Finally, CIBC reaffirmed a “neutral” rating and issued a C$33.00 price target on shares of MAG Silver in a report on Monday, August 16th.
In related news, Senior Officer Larry Taddei sold 10,784 shares of MAG Silver stock in a transaction on Wednesday, September 15th. The shares were sold at an average price of C$24.18, for a total value of C$260,757.12. Following the completion of the sale, the insider now owns 50,854 shares of the company’s stock, valued at approximately C$1,229,649.72.
About MAG Silver
MAG Silver Corp. engages in the exploration and development of silver mining properties. It also explores for gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company was incorporated in 2003 and is headquartered in Vancouver, Canada.
Featured Story: Why is momentum important to successful trading?
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.