MAG Silver (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) had its price target trimmed by National Bankshares from C$21.75 to C$21.50 in a research report sent to investors on Friday, BayStreet.CA reports.
Several other equities analysts have also weighed in on MAG. BMO Capital Markets reduced their price objective on MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. TD Securities dropped their target price on MAG Silver from C$20.00 to C$18.00 and set a buy rating on the stock in a research report on Wednesday, March 20th. Raymond James dropped their target price on MAG Silver from C$21.00 to C$19.50 and set an outperform rating on the stock in a research report on Thursday, March 28th. Finally, Stifel Nicolaus increased their target price on MAG Silver from C$19.50 to C$20.50 in a research report on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$19.44.
MAG Silver Stock Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. As a group, sell-side analysts expect that MAG Silver will post 0.5547739 earnings per share for the current year.
Insider Buying and Selling
In related news, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total value of C$184,398.90. In related news, Senior Officer Peter Megaw sold 76,291 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total value of C$1,250,172.99. Also, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total value of C$184,398.90. Over the last quarter, insiders have sold 106,704 shares of company stock worth $1,752,125. Corporate insiders own 0.47% of the company’s stock.
MAG Silver Company Profile
MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.
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