Scotiabank Trims MAG Silver Corp (MAG) Target Price to C$19.00

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) had its price target reduced by Scotiabank from C$20.00 to C$19.00 in a report issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 42.22% from the company’s previous close.

Several other research analysts also recently weighed in on MAG. National Bank Financial cut their price target on MAG Silver Corp from C$27.00 to C$23.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. HC Wainwright reiterated a “buy” rating on shares of MAG Silver Corp in a report on Wednesday, November 8th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$23.17.

Shares of MAG Silver Corp (TSE MAG) traded down C$0.37 on Wednesday, reaching C$13.36. The company’s stock had a trading volume of 188,078 shares, compared to its average volume of 236,750. MAG Silver Corp has a 52 week low of C$12.75 and a 52 week high of C$21.99.

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MAG Silver Corp Company Profile

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

Analyst Recommendations for MAG Silver Corp (TSE:MAG)

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