MAG Silver (TSE:MAG) Price Target Raised to C$26.50 at National Bankshares

MAG Silver (TSE:MAGGet Rating) (NYSEAMERICAN:MAG) had its price objective raised by research analysts at National Bankshares from C$24.50 to C$26.50 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 21.56% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Pi Financial cut shares of MAG Silver from a “buy” rating to a “neutral” rating in a report on Thursday, December 8th. TD Securities upped their target price on shares of MAG Silver from C$24.00 to C$28.00 and gave the company a “speculative buy” rating in a report on Tuesday, November 15th. Stifel Nicolaus cut their price target on shares of MAG Silver from C$28.75 to C$28.25 in a report on Tuesday, November 15th. Canaccord Genuity Group cut their price target on shares of MAG Silver from C$24.00 to C$23.50 in a report on Thursday, October 20th. Finally, Roth Capital reissued a “buy” rating and set a C$24.00 price target on shares of MAG Silver in a report on Thursday, November 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$23.86.

MAG Silver Stock Performance

TSE MAG opened at C$21.80 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 26.20 and a quick ratio of 25.31. MAG Silver has a 1 year low of C$13.60 and a 1 year high of C$25.16. The company has a market capitalization of C$2.15 billion and a PE ratio of 57.37. The company has a fifty day moving average of C$21.24 and a two-hundred day moving average of C$18.22.

MAG Silver (TSE:MAGGet Rating) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Monday, November 14th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.06). As a group, analysts expect that MAG Silver will post 1.1794441 earnings per share for the current year.

Insider Buying and Selling at MAG Silver

In other MAG Silver news, Director Daniel Thomas Macinnis sold 26,400 shares of the stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of C$20.25, for a total value of C$534,600.00. Following the completion of the transaction, the director now directly owns 109,688 shares of the company’s stock, valued at C$2,221,182. In other news, Senior Officer Michael John Curlook sold 16,842 shares of the stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of C$21.07, for a total value of C$354,827.26. Following the sale, the insider now directly owns 107,105 shares in the company, valued at C$2,256,488.14. Also, Director Daniel Thomas Macinnis sold 26,400 shares of the stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of C$20.25, for a total transaction of C$534,600.00. Following the completion of the sale, the director now owns 109,688 shares in the company, valued at C$2,221,182. Over the last three months, insiders sold 72,527 shares of company stock valued at $1,507,310.

MAG Silver Company Profile

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MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

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