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

MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG had its price target reduced by stock analysts at Stifel Nicolaus from C$20.50 to C$20.25 in a report issued on Thursday, BayStreet.CA reports. Stifel Nicolaus' price target would suggest a potential upside of 14.41% from the stock's previous close.

MAG has been the topic of several other reports. Canaccord Genuity Group boosted their price objective on shares of MAG Silver from C$20.00 to C$22.00 and gave the company a "buy" rating in a report on Tuesday. BMO Capital Markets decreased their price objective on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. TD Securities dropped their target price on shares of MAG Silver from C$20.00 to C$18.00 and set a "buy" rating for the company in a report on Wednesday, March 20th. Raymond James upped their price target on MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday. Finally, National Bankshares lowered their price target on MAG Silver from C$21.75 to C$21.50 in a research report on Friday, April 19th. One research 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$19.81.

MAG Silver Trading Up 6.9 %

Shares of MAG Silver stock traded up C$1.15 during mid-day trading on Thursday, hitting C$17.70. The stock had a trading volume of 337,339 shares, compared to its average volume of 274,542. The firm has a market cap of C$1.82 billion, a P/E ratio of 27.55, a price-to-earnings-growth 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. The firm has a 50-day moving average of C$13.75 and a two-hundred day moving average of C$13.84. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$18.51.

MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last posted its 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. Sell-side analysts forecast that MAG Silver will post 0.5547739 earnings per share for the current year.

Insider Activity at MAG Silver

In other MAG Silver news, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction dated 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 other news, Senior Officer Michael John Curlook sold 18,779 shares of the firm's stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. Also, Senior Officer Peter Megaw sold 76,291 shares of MAG Silver stock in a transaction on 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. Over the last three months, insiders sold 106,704 shares of company stock worth $1,752,125. Company 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.