Raymond James Financial set a C$21.00 price target on MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) in a research note issued to investors on Monday. The brokerage currently has an outperform rating on the stock.
MAG has been the topic of a number of other research reports. National Bank Financial reduced their target price on MAG Silver from C$21.00 to C$19.00 in a report on Friday, January 26th. Scotiabank reduced their target price on MAG Silver from C$20.00 to C$19.00 and set an outperform rating on the stock in a report on Wednesday, November 15th. Finally, HC Wainwright reaffirmed a buy rating on shares of MAG Silver in a report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of C$22.75.
MAG Silver (TSE:MAG) opened at C$13.29 on Monday. MAG Silver has a 1-year low of C$12.63 and a 1-year high of C$21.99. The company has a market capitalization of $1,140.00, a P/E ratio of -16.41 and a beta of -0.21.
MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Monday, November 13th. The company reported C($0.01) EPS for the quarter, topping analysts’ consensus estimates 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 that occurred on Wednesday, December 13th. The stock was 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 the business’s 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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MAG Silver Company Profile
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.
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