MAG Silver (TSE:MAG) PT Raised to C$22.00

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

MAG has been the topic of several other reports. Stifel Nicolaus increased their price target on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Friday, April 19th. Raymond James increased their price target on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday. BMO Capital Markets dropped 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 dropped their price target on shares of MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. Finally, TD Securities dropped 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 research note on Wednesday, March 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$19.83.

MAG Silver Stock Up 2.2 %

MAG stock opened at C$16.62 on Tuesday. The company’s 50 day moving average price is C$13.65 and its 200 day moving average price is C$13.82. 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 has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 25.97, a PEG 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, topping analysts’ consensus estimates of C$0.18 by C$0.01. On average, equities research analysts anticipate that MAG Silver will post 0.5547739 EPS for the current fiscal year.

Insider Transactions at MAG Silver

In other news, Director George Nickolas Paspalas sold 11,634 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total transaction of C$184,398.90. 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 transaction of C$184,398.90. Also, 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. Over the last ninety days, insiders have sold 106,704 shares of company stock worth $1,752,125. Insiders own 0.47% of the company’s stock.

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.