MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) had its price target raised by stock analysts at Raymond James from C$19.50 to C$20.50 in a note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 23.87% from the stock’s current price.
Several other analysts also recently commented on MAG. BMO Capital Markets dropped their price objective on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. TD Securities lowered their price target on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th. Stifel Nicolaus lifted their price objective on MAG Silver from C$19.50 to C$20.50 in a research note on Friday, April 19th. Finally, National Bankshares lowered their target price on MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$19.83.
Check Out Our Latest Report on MAG
MAG Silver Price 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 analysts’ consensus estimates of C$0.18 by C$0.01. As a group, equities research analysts forecast that MAG Silver will post 0.5547739 earnings per share for the current year.
Insiders Place Their Bets
In other news, Senior Officer Peter Megaw sold 76,291 shares of the business’s stock in a transaction that occurred 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. In other MAG Silver news, Senior Officer Peter Megaw sold 76,291 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Also, Senior Officer Michael John Curlook sold 18,779 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89. Over the last 90 days, insiders have sold 106,704 shares of company stock worth $1,752,125. 0.47% of the stock is owned by corporate insiders.
About MAG Silver
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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