HC Wainwright Analysts Give MAG Silver (MAG) a $17.00 Price Target

HC Wainwright set a $17.00 price target on MAG Silver (NYSEAMERICAN:MAG) in a research report released on Friday, TipRanks reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Raymond James reiterated an average rating and set a $19.00 price objective on shares of MAG Silver in a research note on Wednesday, March 6th. BMO Capital Markets reiterated a buy rating on shares of MAG Silver in a research note on Monday, December 17th. Roth Capital reiterated a buy rating on shares of MAG Silver in a research note on Wednesday, March 6th. Zacks Investment Research upgraded MAG Silver from a sell rating to a hold rating in a research note on Saturday. Finally, Macquarie reiterated a buy rating on shares of MAG Silver in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $15.67.

Shares of NYSEAMERICAN:MAG opened at $9.74 on Friday. MAG Silver has a 12-month low of $6.12 and a 12-month high of $12.00.



Hedge funds have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. boosted its position in shares of MAG Silver by 19.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 514,800 shares of the company’s stock valued at $3,775,000 after acquiring an additional 85,400 shares during the last quarter. CIBC Asset Management Inc raised its holdings in MAG Silver by 0.5% during the 4th quarter. CIBC Asset Management Inc now owns 280,342 shares of the company’s stock valued at $2,054,000 after buying an additional 1,432 shares during the period. Sun Valley Gold LLC raised its holdings in MAG Silver by 113.5% during the 4th quarter. Sun Valley Gold LLC now owns 890,571 shares of the company’s stock valued at $6,530,000 after buying an additional 473,409 shares during the period. Renaissance Technologies LLC purchased a new stake in MAG Silver during the 3rd quarter valued at $832,000. Finally, ETF Managers Group LLC purchased a new stake in MAG Silver during the 4th quarter valued at $1,969,000.

About MAG Silver

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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Analyst Recommendations for MAG Silver (NYSEAMERICAN:MAG)

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