MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) was downgraded by investment analysts at Ventum Cap Mkts from a “buy” rating to a “neutral” rating in a research note issued on Friday, Zacks.com reports.
MAG has been the subject of several other reports. Raymond James increased their target price on shares of MAG Silver from C$19.50 to C$20.50 in a report on Tuesday, April 23rd. 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. Stifel Nicolaus reduced their target price on shares of MAG Silver from C$20.50 to C$20.25 in a report on Thursday, April 25th. Canaccord Genuity Group increased their target price on shares of MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, TD Securities reduced their target price on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, MAG Silver currently has a consensus rating of “Moderate Buy” and an average price target of C$19.81.
View Our Latest Stock Report on MAG Silver
MAG Silver Price Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. Equities research analysts expect that MAG Silver will post 0.7517762 EPS for the current year.
Insider Buying and Selling at MAG Silver
In related news, Director George Nickolas Paspalas sold 11,634 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90. In related news, Senior Officer Michael John Curlook sold 18,779 shares of the firm’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 firm’s stock in a transaction on Wednesday, April 3rd. The shares were 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. 0.96% 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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