MAG Silver (TSE:MAG) Lowered to “Neutral” at Ventum Cap Mkts

Ventum Cap Mkts cut shares of MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) from a buy rating to a neutral rating in a research note released on Friday, Zacks.com reports.

MAG has been the subject of a number of other reports. National Bankshares cut their price objective on MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. Stifel Nicolaus cut their target price on MAG Silver from C$20.50 to C$20.25 in a research note on Thursday, April 25th. Raymond James lifted their price objective on shares of MAG Silver from C$19.50 to C$20.50 in a report on Tuesday, April 23rd. BMO Capital Markets dropped their price objective on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Finally, TD Securities dropped their target price 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of C$19.81.

MAG Silver Trading Up 3.2 %

TSE:MAG opened at C$17.26 on Friday. The company has a market cap of C$1.78 billion, a P/E ratio of 26.97, a P/E/G ratio of 0.84 and a beta of 1.08. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$18.11. The stock’s fifty day moving average price is C$14.63 and its two-hundred day moving average price is C$13.98. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced 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. As a group, analysts expect that MAG Silver will post 0.7517762 EPS for the current year.

Insider Buying and Selling at MAG Silver

In other MAG Silver news, 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. In other news, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. Also, Senior Officer Peter Megaw sold 76,291 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Insiders have sold a total of 106,704 shares of company stock worth $1,752,125 over the last ninety days. Corporate insiders own 0.96% 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.