MAG Silver (NYSEAMERICAN:MAG) Given New $18.50 Price Target at HC Wainwright

MAG Silver (NYSEAMERICAN:MAG) had its price target increased by HC Wainwright from $16.50 to $18.50 in a report published on Monday, BenzingaRatingsTable reports. HC Wainwright currently has a buy rating on the stock.

Separately, Zacks Investment Research upgraded MAG Silver from a hold rating to a strong-buy rating and set a $12.00 price objective for the company in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $16.50.

Shares of MAG stock opened at $11.97 on Monday. MAG Silver has a 52 week low of $6.12 and a 52 week high of $12.95.

MAG Silver (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01.

Institutional investors and hedge funds have recently bought and sold shares of the business. FIL Ltd bought a new position in MAG Silver in the first quarter worth $32,000. Confluence Investment Management LLC bought a new position in MAG Silver in the second quarter worth $146,000. Capital Wealth Planning LLC bought a new position in MAG Silver in the second quarter worth $211,000. Amundi Pioneer Asset Management Inc. bought a new position in MAG Silver in the second quarter worth $249,000. Finally, Signition LP raised its holdings in MAG Silver by 66.0% in the second quarter. Signition LP now owns 31,700 shares of the company’s stock worth $334,000 after purchasing an additional 12,600 shares in the last quarter.

MAG Silver Company Profile

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Mexico. It explores for silver, gold, lead, and zinc deposits. The company primarily holds interest in the Juanicipio property covering an area of approximately 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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