MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) had its target price cut by equities research analysts at Stifel Nicolaus from C$20.50 to C$20.25 in a research note issued to investors on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 14.15% from the company’s current price.
Several other equities research analysts have also issued reports on MAG. BMO Capital Markets lowered their target price on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. National Bankshares reduced their price target on shares of MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. Raymond James raised their target price on shares of MAG Silver from C$19.50 to C$20.50 in a research report on Tuesday. Canaccord Genuity Group raised their target price on shares of MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, TD Securities cut their price objective on shares of 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$19.81.
Check Out Our Latest Stock Report on MAG
MAG Silver Price Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last issued its earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. As a group, sell-side analysts expect that MAG Silver will post 0.5547739 earnings per share for the current fiscal year.
Insider Activity
In related news, Senior Officer Michael John Curlook sold 18,779 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. In related news, Senior Officer Michael John Curlook sold 18,779 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. Also, Director George Nickolas Paspalas sold 11,634 shares of the business’s stock in a transaction 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 a total of 106,704 shares of company stock valued at $1,752,125 in the last three months. 0.47% of the stock is currently owned by corporate 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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