MAG Silver (TSE:MAG) PT Raised to C$20.50 at Raymond James

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price increased by Raymond James from C$19.50 to C$20.50 in a report released on Tuesday, BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 23.87% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. National Bankshares reduced their price target on shares of MAG Silver from C$21.75 to C$21.50 in a research report on Friday, April 19th. BMO Capital Markets reduced their target price on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. TD Securities lowered their price target on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th. Finally, Stifel Nicolaus upped their price objective on MAG Silver from C$19.50 to C$20.50 in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$19.83.

MAG Silver Stock Down 0.4 %

MAG stock opened at C$16.55 on Tuesday. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$18.51. The company’s 50 day moving average price is C$13.75 and its 200 day moving average price is C$13.84. The firm has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 0.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. On average, equities research analysts anticipate that MAG Silver will post 0.5547739 EPS for the current fiscal year.

Insider Activity at MAG Silver

In related news, Senior Officer Peter Megaw sold 76,291 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In related news, Senior Officer Peter Megaw sold 76,291 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total value of C$1,250,172.99. Also, Senior Officer Michael John Curlook sold 18,779 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. Insiders have sold a total of 106,704 shares of company stock worth $1,752,125 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

About MAG Silver

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.