MAG Silver Corp (TSE:MAG) Receives Consensus Recommendation of “Buy” from Analysts
Shares of MAG Silver Corp (TSE:MAG) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the firm. Three research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$20.29.
Several equities analysts have recently weighed in on MAG shares. Desjardins upped their price objective on shares of MAG Silver Corp from C$19.00 to C$22.50 in a report on Tuesday, August 16th. National Bank Financial upped their price objective on shares of MAG Silver Corp from C$19.00 to C$22.00 in a report on Wednesday, July 13th. TD Securities reiterated a “hold” rating and set a C$21.00 price objective on shares of MAG Silver Corp in a report on Wednesday, June 29th. BMO Capital Markets reiterated a “market perform” rating and set a C$25.00 price objective on shares of MAG Silver Corp in a report on Tuesday, August 16th. Finally, Canaccord Genuity started coverage on shares of MAG Silver Corp in a report on Thursday, June 16th. They set a “speculative buy” rating and a C$20.50 price objective on the stock.
Shares of MAG Silver Corp (TSE:MAG) traded down 0.58% during midday trading on Tuesday, hitting $20.48. The stock had a trading volume of 139,433 shares. MAG Silver Corp has a 52 week low of $8.67 and a 52 week high of $23.32. The stock’s 50-day moving average price is $21.05 and its 200 day moving average price is $17.07. The company’s market cap is $1.65 billion.
In related news, Director Daniel Thomas Macinnis sold 25,000 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of C$9.15, for a total value of C$228,750.00.
MAG Silver Corp 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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