Ventum Cap Mkts Lowers MAG Silver (TSE:MAG) to Neutral

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) was downgraded by equities research analysts at Ventum Cap Mkts from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, Zacks.com reports.

Other research analysts also recently issued reports about the company. National Bankshares reduced their target price on MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. TD Securities reduced their target price on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research note on Wednesday, March 20th. Stifel Nicolaus reduced their target price on MAG Silver from C$20.50 to C$20.25 in a research note on Thursday, April 25th. Canaccord Genuity Group upped their target price on MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Raymond James boosted their price target on MAG Silver from C$19.50 to C$20.50 in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.81.

MAG Silver Trading Up 3.2 %

Shares of TSE:MAG opened at C$17.26 on Friday. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$18.11. The company has a market capitalization of C$1.78 billion, a PE ratio of 26.97, a PEG ratio of 0.84 and a beta of 1.08. The business has a 50 day moving average of C$14.63 and a two-hundred day moving average of C$13.98. 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 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.01. As a group, analysts forecast that MAG Silver will post 0.7517762 EPS for the current year.

Insider Buying and Selling at MAG Silver

In other MAG Silver news, Director George Nickolas Paspalas sold 11,634 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total value of C$184,398.90. In other MAG Silver news, Director George Nickolas Paspalas sold 11,634 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total value of C$184,398.90. Also, Senior Officer Peter Megaw sold 76,291 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total value of C$1,250,172.99. Insiders sold a total of 106,704 shares of company stock worth $1,752,125 in the last three months. 0.96% 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.