MAG Silver (MAG) PT Raised to C$19.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective lifted by research analysts at HC Wainwright from C$18.50 to C$19.00 in a research note issued to investors on Tuesday. HC Wainwright’s price objective indicates a potential upside of 48.90% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Raymond James Financial set a C$21.00 price objective on shares of MAG Silver and gave the company an “outperform” rating in a research report on Monday, February 5th. National Bank Financial lowered their price objective on shares of MAG Silver from C$21.00 to C$19.00 in a research report on Friday, January 26th. Finally, Scotiabank lowered their target price on shares of MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$22.21.

Shares of MAG Silver (MAG) traded up C$0.19 during trading hours on Tuesday, hitting C$12.76. 101,796 shares of the company were exchanged, compared to its average volume of 195,094. MAG Silver has a 12-month low of C$11.71 and a 12-month high of C$21.99. The company has a market capitalization of $1,080.00, a price-to-earnings ratio of -15.59 and a beta of -0.21.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its earnings results on Monday, November 13th. The company reported C($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.03) by C$0.02.

In related news, Director Richard Mark Colterjohn sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$15.10, for a total value of C$30,200.00. Also, insider Michael John Curlook purchased 22,000 shares of MAG Silver stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average cost of C$13.80 per share, for a total transaction of C$303,600.00.

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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 (TSE:MAG)

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