MAG Silver (NYSEAMERICAN:MAG) Now Covered by Analysts at BMO Capital Markets

Stock analysts at BMO Capital Markets initiated coverage on shares of MAG Silver (NYSEAMERICAN:MAG) in a report issued on Friday, November 17th, Marketbeat reports. The firm set an “outperform” rating on the stock.

Other equities research analysts also recently issued research reports about the company. HC Wainwright set a $19.00 price target on MAG Silver and gave the stock a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research downgraded MAG Silver from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub downgraded MAG Silver from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Finally, Roth Capital set a $22.00 price target on MAG Silver and gave the stock a “buy” rating in a research note on Monday, August 21st. Two analysts have rated the stock with a sell rating, six have given a buy rating and two have given a strong buy rating to the company. MAG Silver currently has a consensus rating of “Buy” and a consensus price target of $16.60.

MAG Silver (NYSEAMERICAN:MAG) opened at $10.65 on Friday. MAG Silver has a 12 month low of $9.50 and a 12 month high of $16.78.

A number of institutional investors have recently modified their holdings of MAG. Jane Street Group LLC lifted its stake in shares of MAG Silver by 33.8% during the third quarter. Jane Street Group LLC now owns 102,810 shares of the company’s stock worth $1,155,000 after purchasing an additional 25,995 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of MAG Silver during the third quarter worth about $137,000. Commonwealth Bank of Australia lifted its stake in shares of MAG Silver by 13.4% during the third quarter. Commonwealth Bank of Australia now owns 2,226,940 shares of the company’s stock worth $24,952,000 after purchasing an additional 263,140 shares in the last quarter. Investec Asset Management LTD lifted its stake in shares of MAG Silver by 1.6% in the third quarter. Investec Asset Management LTD now owns 396,435 shares of the company’s stock worth $4,428,000 after acquiring an additional 6,301 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of MAG Silver by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 943,245 shares of the company’s stock worth $10,772,000 after acquiring an additional 17,739 shares in the last quarter.

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About MAG Silver

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 (NYSEAMERICAN:MAG)

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