MAG Silver Corp. (NYSEAMERICAN:MAG – Get Rating)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.04, but opened at $11.57. MAG Silver shares last traded at $11.77, with a volume of 253,340 shares traded.
Analyst Upgrades and Downgrades
MAG has been the topic of a number of research analyst reports. CIBC decreased their target price on MAG Silver from C$27.00 to C$24.00 in a research report on Tuesday, February 7th. TD Securities upped their price objective on MAG Silver from C$24.00 to C$28.00 in a research report on Tuesday, November 15th. National Bank Financial decreased their price objective on MAG Silver from C$26.50 to C$26.00 in a research report on Friday, February 17th. Stifel Nicolaus decreased their price objective on MAG Silver from C$28.75 to C$28.25 in a research report on Tuesday, November 15th. Finally, HC Wainwright restated a “buy” rating and set a $17.00 price objective (up from $16.00) on shares of MAG Silver in a research report on Tuesday, February 7th.
MAG Silver Stock Up 2.1 %
The stock has a market cap of $1.22 billion, a PE ratio of 42.46 and a beta of 1.10.
Institutional Investors Weigh In On MAG Silver
MAG Silver Company Profile
MAG Silver Corp. operates as a Canadian development and exploration company, which focuses on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the Operator.
- Get a free copy of the StockNews.com research report on MAG Silver (MAG)
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