MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) had its target price decreased by equities research analysts at Stifel Nicolaus from C$20.50 to C$20.25 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 14.15% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Canaccord Genuity Group lifted their price objective on MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Tuesday. National Bankshares reduced 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 reduced their price objective on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Raymond James lifted their price objective on MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday. Finally, TD Securities reduced their price target on 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$19.81.
Check Out Our Latest Research Report on MAG Silver
MAG Silver Stock Up 0.2 %
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. On average, research analysts expect that MAG Silver will post 0.5547739 earnings per share for the current year.
Insider Buying and Selling
In other news, Senior Officer Michael John Curlook sold 18,779 shares of the 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 news, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction that occurred 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 Michael John Curlook sold 18,779 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. In the last ninety days, insiders have sold 106,704 shares of company stock valued at $1,752,125. Corporate 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.
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