Stifel Nicolaus Lowers MAG Silver (TSE:MAG) Price Target to C$27.75

MAG Silver (TSE:MAGGet Rating) (NYSEAMERICAN:MAG) had its price objective lowered by Stifel Nicolaus from C$28.25 to C$27.75 in a report issued on Monday morning, BayStreet.CA reports.

Several other brokerages have also commented on MAG. Cormark dropped their price target on shares of MAG Silver from C$24.00 to C$23.00 in a research note on Tuesday, November 15th. National Bankshares raised their target price on MAG Silver from C$24.50 to C$26.50 and gave the company an outperform rating in a research report on Friday, January 13th. Pi Financial lowered MAG Silver from a buy rating to a neutral rating in a research report on Thursday, December 8th. TD Securities raised their price target on MAG Silver from C$24.00 to C$28.00 and gave the company a speculative buy rating in a report on Tuesday, November 15th. Finally, Raymond James reduced their price objective on shares of MAG Silver from C$26.00 to C$24.50 in a report on Friday, October 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of C$23.81.

MAG Silver Price Performance

Shares of MAG opened at C$20.71 on Monday. MAG Silver has a 12 month low of C$13.60 and a 12 month high of C$25.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 26.20 and a quick ratio of 25.31. The stock has a fifty day moving average price of C$21.28 and a 200 day moving average price of C$18.47. The company has a market cap of C$2.05 billion and a P/E ratio of 54.50.

MAG Silver (TSE:MAGGet Rating) (NYSEAMERICAN:MAG) last released its quarterly earnings results on Monday, November 14th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.06). On average, research analysts forecast that MAG Silver will post 1.1794441 earnings per share for the current year.

Insider Transactions at MAG Silver

In related news, Director Daniel Thomas Macinnis sold 26,400 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of C$20.25, for a total transaction of C$534,600.00. Following the completion of the transaction, the director now owns 109,688 shares of the company’s stock, valued at C$2,221,182. In related news, Director Daniel Thomas Macinnis sold 26,400 shares of the stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of C$20.25, for a total transaction of C$534,600.00. Following the completion of the sale, the director now directly owns 109,688 shares of the company’s stock, valued at C$2,221,182. Also, Senior Officer Michael John Curlook sold 16,842 shares of MAG Silver stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of C$21.07, for a total transaction of C$354,827.26. Following the completion of the transaction, the insider now owns 107,105 shares in the company, valued at approximately C$2,256,488.14. In the last 90 days, insiders have sold 72,527 shares of company stock valued at $1,507,310.

MAG Silver Company Profile

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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.

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