Brokerages Set MAG Silver Corp. (NYSEAMERICAN:MAG) PT at $18.25

Shares of MAG Silver Corp. (NYSEAMERICAN:MAG) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $18.25.

A number of brokerages recently weighed in on MAG. Ventum Cap Mkts cut shares of MAG Silver from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd. Scotiabank raised shares of MAG Silver from a “sector perform” rating to a “sector outperform” rating and lowered their price objective for the stock from $15.00 to $13.50 in a research report on Thursday, March 28th. StockNews.com upgraded MAG Silver to a “sell” rating in a research report on Wednesday, March 27th. HC Wainwright lifted their target price on shares of MAG Silver from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Stifel Nicolaus decreased their price objective on shares of MAG Silver from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th.

MAG Silver Stock Down 0.9 %

NYSEAMERICAN MAG opened at $12.60 on Monday. The company has a market capitalization of $1.30 billion, a PE ratio of 26.80 and a beta of 1.10. MAG Silver has a one year low of $8.19 and a one year high of $13.39.

MAG Silver (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Tuesday, March 19th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. Equities research analysts anticipate that MAG Silver will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On MAG Silver

Institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise grew its stake in MAG Silver by 8.6% in the first quarter. Banque Cantonale Vaudoise now owns 11,012 shares of the company’s stock worth $116,000 after purchasing an additional 876 shares in the last quarter. Crown Wealth Group LLC acquired a new stake in shares of MAG Silver during the 4th quarter valued at approximately $118,000. Quadrature Capital Ltd bought a new position in MAG Silver during the third quarter worth $127,000. Privium Fund Management B.V. boosted its holdings in MAG Silver by 44.9% in the third quarter. Privium Fund Management B.V. now owns 15,500 shares of the company’s stock worth $161,000 after purchasing an additional 4,800 shares during the period. Finally, Veracity Capital LLC increased its stake in MAG Silver by 50.0% during the fourth quarter. Veracity Capital LLC now owns 16,654 shares of the company’s stock valued at $173,000 after purchasing an additional 5,551 shares during the last quarter. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

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.