MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) had its price target lifted by equities research analysts at Canaccord Genuity Group from C$20.00 to C$22.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 32.93% from the stock’s current price.
MAG has been the topic of several other research reports. Stifel Nicolaus boosted their price objective on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Friday, April 19th. TD Securities dropped their price target on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research report on Wednesday, March 20th. BMO Capital Markets reduced their price objective on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. National Bankshares dropped their target price on MAG Silver from C$21.75 to C$21.50 in a report on Friday, April 19th. Finally, Raymond James raised their price target on MAG Silver from C$19.50 to C$20.50 in a report on Tuesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.83.
MAG Silver Stock Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. On average, analysts anticipate that MAG Silver will post 0.5547739 EPS for the current fiscal year.
Insider Transactions at MAG Silver
In related news, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89. In related news, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. Also, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total transaction of C$184,398.90. Insiders sold 106,704 shares of company stock worth $1,752,125 over the last quarter. 0.47% of the stock is currently owned by insiders.
MAG Silver Company Profile
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.
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