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.
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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