MAG Silver (TSE:MAG) PT Lowered to C$20.25

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective lowered by investment analysts at Stifel Nicolaus from C$20.50 to C$20.25 in a report released on Thursday, BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 14.93% from the company’s current price.

A number of other research analysts have also weighed in on the company. Canaccord Genuity Group raised their target price on MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James raised their target price on MAG Silver from C$19.50 to C$20.50 in a report on Tuesday. TD Securities dropped their target price on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th. National Bankshares decreased their price target on MAG Silver from C$21.75 to C$21.50 in a research report on Friday, April 19th. Finally, BMO Capital Markets decreased their price target on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and an average price target of C$19.81.

MAG Silver Stock Up 6.5 %

TSE:MAG traded up C$1.07 on Thursday, hitting C$17.62. The stock had a trading volume of 265,376 shares, compared to its average volume of 273,540. The business’s fifty day moving average is C$13.75 and its 200 day moving average is C$13.84. The company has a market cap of C$1.81 billion, a PE ratio of 27.55, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$18.51.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. On average, equities research analysts expect that MAG Silver will post 0.5547739 EPS for the current fiscal year.

Insider Transactions at MAG Silver

In related news, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89. In other news, Senior Officer Peter Megaw sold 76,291 shares of MAG Silver stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total value of C$1,250,172.99. Also, Senior Officer Michael John Curlook sold 18,779 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. Insiders sold 106,704 shares of company stock valued at $1,752,125 over the last three months. Company insiders own 0.47% of the company’s stock.

MAG Silver Company Profile

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.