Analysts’ Recent Ratings Changes for MAG Silver (MAG)

Several analysts have recently updated their ratings and price targets for MAG Silver (TSE: MAG):

  • 11/17/2022 – MAG Silver had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a C$24.00 price target on the stock.
  • 11/15/2022 – MAG Silver had its price target raised by analysts at TD Securities from C$24.00 to C$28.00. They now have a “speculative buy” rating on the stock.
  • 11/15/2022 – MAG Silver had its price target lowered by analysts at Cormark from C$24.00 to C$23.00.
  • 11/15/2022 – MAG Silver had its price target lowered by analysts at Stifel Nicolaus from C$28.75 to C$28.25.
  • 10/21/2022 – MAG Silver had its price target lowered by analysts at Raymond James from C$26.00 to C$24.50.
  • 10/20/2022 – MAG Silver had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$24.00 to C$23.50.
  • 10/13/2022 – MAG Silver had its price target raised by analysts at National Bankshares, Inc. from C$23.50 to C$24.50.

MAG Silver Stock Performance

Shares of MAG opened at C$21.26 on Friday. The company has a current ratio of 26.20, a quick ratio of 25.31 and a debt-to-equity ratio of 0.07. The stock has a market cap of C$2.10 billion and a P/E ratio of 57.46. The company has a 50-day moving average of C$18.24 and a two-hundred day moving average of C$17.26. MAG Silver Corp. has a 12-month low of C$13.60 and a 12-month high of C$25.16.

Insiders Place Their Bets

In other MAG Silver news, Director George Nickolas Paspalas sold 15,250 shares of MAG Silver stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of C$16.43, for a total transaction of C$250,552.93. Following the completion of the transaction, the director now owns 180,000 shares in the company, valued at C$2,957,346.

MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

Further Reading

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