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

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective decreased by equities research analysts at Scotiabank from C$20.00 to C$19.00 in a report released on Wednesday. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 38.48% from the stock’s current price.

A number of other analysts have also weighed in on MAG. National Bank Financial lowered their price objective on shares of MAG Silver Corp from C$27.00 to C$23.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. HC Wainwright reaffirmed a “buy” rating on shares of MAG Silver Corp in a research note on Wednesday, November 8th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$23.17.

Shares of MAG Silver Corp (TSE MAG) opened at C$13.72 on Wednesday. MAG Silver Corp has a one year low of C$12.75 and a one year high of C$21.99.

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About MAG Silver Corp

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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