MAG Silver (TSE:MAG) PT Raised to C$21.50

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target hoisted by Stifel Nicolaus from C$21.25 to C$21.50 in a research note issued to investors on Tuesday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on MAG. Canaccord Genuity Group lifted their price objective on MAG Silver from C$20.00 to C$22.00 and gave the company a buy rating in a research note on Tuesday, April 23rd. National Bankshares upped their target price on shares of MAG Silver from C$21.00 to C$24.00 and gave the stock an outperform rating in a research report on Wednesday, May 29th. Raymond James lifted their target price on shares of MAG Silver from C$19.50 to C$20.50 in a research report on Tuesday, April 23rd. Ventum Cap Mkts cut MAG Silver from a buy rating to a neutral rating in a report on Friday, May 3rd. Finally, TD Securities lifted their price objective on MAG Silver from C$21.00 to C$22.00 in a research report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$21.17.

MAG Silver Stock Up 0.2 %

MAG stock traded up C$0.04 during trading on Tuesday, reaching C$16.51. The stock had a trading volume of 110,629 shares, compared to its average volume of 227,557. The company has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 0.84 and a beta of 1.03. The company has a quick ratio of 25.31, a current ratio of 14.66 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is C$17.40 and its two-hundred day moving average is C$15.61. MAG Silver has a one year low of C$11.15 and a one year high of C$19.65.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.05. Equities research analysts forecast that MAG Silver will post 0.697861 EPS for the current year.

Insider Activity at MAG Silver

In other news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$17.22, for a total value of C$72,446.61. 0.96% of the stock is currently owned by insiders.

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.