MAG Silver Corp. (MAG.TO) (TSE:MAG) Receives C$24.01 Average Price Target from Brokerages


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MAG Silver Corp. (MAG.TO) (TSE:MAG) (NYSEAMERICAN:MAG) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$24.34.

A number of brokerages have issued reports on MAG. TD Securities raised their price target on shares of MAG Silver Corp. (MAG.TO) from C$27.00 to C$30.00 and gave the stock a “hold” rating in a report on Thursday, January 7th. BMO Capital Markets cut shares of MAG Silver Corp. (MAG.TO) from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$23.00 to C$26.00 in a research report on Monday, November 9th. Pi Financial reaffirmed a “buy” rating and issued a C$26.50 target price on shares of MAG Silver Corp. (MAG.TO) in a research report on Thursday, October 22nd. Raymond James set a C$26.00 target price on shares of MAG Silver Corp. (MAG.TO) and gave the stock an “outperform” rating in a research report on Tuesday, November 17th. Finally, National Bank Financial raised their target price on shares of MAG Silver Corp. (MAG.TO) from C$29.00 to C$29.50 in a research report on Thursday, October 22nd.

MAG Silver Corp. (MAG.TO) stock traded down C$1.27 during trading hours on Wednesday, reaching C$25.00. The stock had a trading volume of 281,209 shares, compared to its average volume of 369,387. The stock has a market cap of C$2.37 billion and a PE ratio of -128.15. MAG Silver Corp. has a 52 week low of C$0.02 and a 52 week high of C$29.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 232.23 and a quick ratio of 231.37. The company has a fifty day simple moving average of C$23.07 and a 200-day simple moving average of C$22.07.

MAG Silver Corp. (MAG.TO) (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Friday, November 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.04). Research analysts predict that MAG Silver Corp. will post 0.4 earnings per share for the current fiscal year.

In related news, Director Daniel Thomas Macinnis sold 25,000 shares of MAG Silver Corp. (MAG.TO) stock in a transaction dated Tuesday, January 5th. The shares were sold at an average price of C$28.30, for a total transaction of C$707,500.00. Following the completion of the transaction, the director now directly owns 192,488 shares of the company’s stock, valued at approximately C$5,447,410.40. Also, Director George Nickolas Paspalas sold 4,944 shares of MAG Silver Corp. (MAG.TO) stock in a transaction dated Monday, December 21st. The shares were sold at an average price of C$24.24, for a total transaction of C$119,842.56. Following the transaction, the director now directly owns 199,085 shares of the company’s stock, valued at C$4,825,820.40. Over the last three months, insiders have sold 83,803 shares of company stock valued at $2,173,423.

About MAG Silver Corp. (MAG.TO)

MAG Silver Corp. focuses on the acquisition, exploration, and development of mineral properties primarily in the Americas. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico.

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Analyst Recommendations for MAG Silver Corp. (MAG.TO) (TSE:MAG)

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