MAG Silver (TSE:MAG) Price Target Raised to C$20.50 at Stifel Nicolaus

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price hoisted by Stifel Nicolaus from C$19.50 to C$20.50 in a research report report published on Friday morning, BayStreet.CA reports.

Other research analysts have also issued reports about the company. Raymond James cut their price target on MAG Silver from C$21.00 to C$19.50 and set an outperform rating for the company in a report on Thursday, March 28th. TD Securities cut their price target on 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. Finally, BMO Capital Markets lowered their price objective on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$19.44.

MAG Silver Stock Up 1.9 %

Shares of MAG stock opened at C$17.07 on Friday. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$18.51. The firm has a market cap of C$1.76 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The stock has a 50 day moving average of C$13.46 and a 200-day moving average of C$13.78. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03.

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

Insider Activity

In other news, Senior Officer Peter Megaw sold 76,291 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In other MAG Silver news, Senior Officer Michael John Curlook sold 18,779 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total value of C$317,552.89. Also, Senior Officer Peter Megaw sold 76,291 shares of the company’s stock in a transaction on 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. Over the last ninety days, insiders have sold 106,704 shares of company stock worth $1,752,125. Company insiders own 0.47% of the company’s stock.

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.