MAG Silver (TSE:MAG) Price Target Cut to C$21.50

MAG Silver (TSE:MAG - Free Report) NYSEAMERICAN: MAG had its target price reduced by National Bankshares from C$21.75 to C$21.50 in a research report report published on Friday, BayStreet.CA reports.

MAG has been the topic of a number of other research reports. Stifel Nicolaus lifted their price target on MAG Silver from C$19.50 to C$20.50 in a research note on Friday. BMO Capital Markets lowered their target price on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. TD Securities lowered their target price on 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. Finally, Raymond James lowered their target price on 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$19.44.

MAG Silver Price Performance

TSE:MAG traded up C$0.32 during mid-day trading on Friday, reaching C$17.07. 179,877 shares of the stock were exchanged, compared to its average volume of 273,251. The business has a fifty day moving average price of C$13.35 and a 200 day moving average price of C$13.76. The firm has a market capitalization of C$1.76 billion, a PE ratio of 26.83, a PEG ratio of 0.84 and a beta of 1.00. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$18.51. 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 (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last issued its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, topping analysts' consensus estimates of C$0.18 by C$0.01. Research analysts expect that MAG Silver will post 0.5547739 earnings per share for the current fiscal year.

Insider Activity

In other news, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total transaction of C$184,398.90. In other news, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total transaction of C$184,398.90. Also, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver 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 a total of 106,704 shares of company stock worth $1,752,125 in the last three months. 0.47% of the stock is owned by insiders.

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.