MAG Silver (TSE:MAG - Free Report) NYSEAMERICAN: MAG had its target price upped by Canaccord Genuity Group from C$20.00 to C$22.00 in a research note published on Tuesday morning, BayStreet.CA reports.
MAG has been the subject of several other reports. BMO Capital Markets lowered their price objective on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Raymond James increased their price target on MAG Silver from C$19.50 to C$20.50 in a report on Tuesday. Stifel Nicolaus increased their price target on MAG Silver from C$19.50 to C$20.50 in a report on Friday. National Bankshares reduced their price objective on MAG Silver from C$21.75 to C$21.50 in a report on Friday. Finally, TD Securities reduced their price objective 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, MAG Silver has an average rating of Moderate Buy and a consensus target price of C$19.83.
Check Out Our Latest Stock Report on MAG
MAG Silver Price Performance
Shares of TSE MAG traded up C$0.36 during mid-day trading on Tuesday, reaching C$16.62. The company's stock had a trading volume of 286,455 shares, compared to its average volume of 274,690. The firm has a market capitalization of C$1.71 billion, a PE ratio of 25.98, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31. The stock has a fifty day moving average of C$13.54 and a two-hundred day moving average of C$13.80. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$18.51.
MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last announced its quarterly earnings results 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. As a group, sell-side analysts anticipate that MAG Silver will post 0.5547739 EPS for the current fiscal year.
Insider Buying and Selling at MAG Silver
In related 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. In related 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 that occurred on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total value of C$317,552.89. In the last quarter, insiders sold 106,704 shares of company stock worth $1,752,125. Insiders own 0.47% of the company's stock.
About MAG Silver
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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.
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