MAG Silver (TSE:MAG) Price Target Increased to C$22.00 by Analysts at Canaccord Genuity Group

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target upped by Canaccord Genuity Group from C$20.00 to C$22.00 in a research report report published on Tuesday, BayStreet.CA reports.

MAG has been the topic of several other research reports. BMO Capital Markets decreased their price target on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. National Bankshares decreased their price target on shares of MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. Raymond James boosted their price target on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday. TD Securities decreased their target price on shares of 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. Finally, Stifel Nicolaus upped their price objective on MAG Silver from C$19.50 to C$20.50 in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, MAG Silver has an average rating of Moderate Buy and an average target price of C$19.83.

MAG Silver Stock Up 2.2 %

MAG opened at C$16.62 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$18.51. The firm’s fifty day moving average is C$13.65 and its 200 day moving average is C$13.82. The stock has a market cap of C$1.71 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. On average, sell-side analysts forecast that MAG Silver will post 0.5547739 earnings per share for the current fiscal year.

Insider Buying and Selling at MAG Silver

In other MAG Silver news, Senior Officer Michael John Curlook sold 18,779 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. In other news, Senior Officer Peter Megaw sold 76,291 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total value of C$1,250,172.99. Also, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89. In the last quarter, insiders have sold 106,704 shares of company stock valued at $1,752,125. Company 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.