MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$19.69.
A number of research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of MAG Silver from C$19.00 to C$19.50 and gave the company a “buy” rating in a research note on Thursday. Raymond James lowered their target price on shares of MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities lowered their target price on shares of 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, BMO Capital Markets lowered their target price on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th.
Check Out Our Latest Stock Report on MAG Silver
MAG Silver Stock Performance
About MAG Silver
MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, copper, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp.
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