Raymond James Financial, Inc. Reiterates “Outperform” Rating for MAG Silver Corp (MAG)
MAG Silver Corp (NYSEAMERICAN:MAG)‘s stock had its “outperform” rating reiterated by equities research analysts at Raymond James Financial, Inc. in a research note issued to investors on Tuesday.
Several other research analysts also recently issued reports on the company. Zacks Investment Research raised MAG Silver Corp from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, October 27th. Roth Capital set a $22.00 price objective on MAG Silver Corp and gave the company a “buy” rating in a research note on Monday, August 21st. HC Wainwright reaffirmed a “buy” rating and issued a $18.50 price objective on shares of MAG Silver Corp in a research note on Wednesday, November 8th. BMO Capital Markets initiated coverage on MAG Silver Corp in a research note on Friday, November 17th. They issued an “outperform” rating for the company. Finally, BidaskClub downgraded MAG Silver Corp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.60.
MAG Silver Corp (NYSEAMERICAN:MAG) opened at $10.85 on Tuesday. MAG Silver Corp has a 52 week low of $9.50 and a 52 week high of $16.78.
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Large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp bought a new position in shares of MAG Silver Corp during the 3rd quarter worth approximately $137,000. Quantbot Technologies LP bought a new position in shares of MAG Silver Corp during the 2nd quarter worth approximately $183,000. BlueCrest Capital Management Ltd bought a new position in shares of MAG Silver Corp during the 2nd quarter worth approximately $196,000. Sigma Planning Corp bought a new position in shares of MAG Silver Corp during the 2nd quarter worth approximately $203,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of MAG Silver Corp during the 1st quarter worth approximately $242,000.
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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