MAG Silver (TSE:MAG) PT Raised to C$20.50 at Stifel Nicolaus

MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG had its price target boosted by investment analysts at Stifel Nicolaus from C$19.50 to C$20.50 in a report issued on Friday, BayStreet.CA reports. Stifel Nicolaus' target price indicates a potential upside of 20.09% from the stock's current price.

MAG has been the topic of a number of other reports. TD Securities lowered their price objective on shares of MAG Silver from C$20.00 to C$18.00 and set a "buy" rating on the stock in a research note on Wednesday, March 20th. Raymond James lowered their price objective on shares of MAG Silver from C$21.00 to C$19.50 and set an "outperform" rating on the stock in a research note on Thursday, March 28th. Finally, BMO Capital Markets lowered their price objective on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, MAG Silver currently has a consensus rating of "Moderate Buy" and a consensus target price of C$19.44.

MAG Silver Price Performance

Shares of TSE:MAG traded up C$0.32 on Friday, reaching C$17.07. 179,877 shares of the company were exchanged, compared to its average volume of 273,251. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$18.51. The firm has a market cap of C$1.76 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The company has a 50-day moving average of C$13.35 and a 200-day moving average of C$13.76.

MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last issued its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, beating analysts' consensus estimates of C$0.18 by C$0.01. Equities analysts forecast that MAG Silver will post 0.5547739 earnings per share for the current fiscal year.

Insider Buying and Selling at MAG Silver

In other news, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. In other news, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. Also, Senior Officer Peter Megaw sold 76,291 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In the last ninety days, insiders have sold 106,704 shares of company stock worth $1,752,125. Corporate insiders own 0.47% of the company's stock.

About MAG Silver

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.