Raymond James Increases MAG Silver (TSE:MAG) Price Target to C$20.50

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price raised by Raymond James from C$19.50 to C$20.50 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

MAG has been the topic of a number of other reports. TD Securities dropped their price objective on 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. National Bankshares dropped their price objective on MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. BMO Capital Markets dropped their price objective on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Finally, Stifel Nicolaus boosted their price objective on MAG Silver from C$19.50 to C$20.50 in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$19.83.

MAG Silver Stock Up 2.2 %

Shares of MAG opened at C$16.62 on Tuesday. The company has a market capitalization of C$1.71 billion, a PE ratio of 25.97, a PEG ratio of 0.84 and a beta of 1.00. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$18.51. The stock’s 50-day moving average price is C$13.65 and its two-hundred day moving average price is C$13.82. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.01. On average, analysts anticipate that MAG Silver will post 0.5547739 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Michael John Curlook sold 18,779 shares of the company’s 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 other MAG Silver 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 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 that occurred on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total value of C$317,552.89. In the last three months, insiders have sold 106,704 shares of company stock valued at $1,752,125. 0.47% of the stock is owned by company insiders.

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.