MAG Silver (TSE:MAG) Price Target Raised to C$20.50

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective hoisted by Stifel Nicolaus from C$19.50 to C$20.50 in a research report released on Friday, BayStreet.CA reports.

A number of other research analysts also recently weighed in on MAG. Raymond James decreased their price target on MAG Silver from C$21.00 to C$19.50 and set an outperform rating for the company in a research note on Thursday, March 28th. BMO Capital Markets decreased their price target on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Finally, TD Securities decreased their price target 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of C$19.44.

MAG Silver Stock Up 1.9 %

TSE:MAG opened at C$17.07 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04. The company has a market cap of C$1.76 billion, a PE ratio of 26.67, a PEG ratio of 0.84 and a beta of 1.00. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$18.51. The stock has a 50-day simple moving average of C$13.46 and a 200 day simple moving average of C$13.78.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. On average, sell-side analysts expect that MAG Silver will post 0.5547739 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Peter Megaw sold 76,291 shares of the firm’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 value of C$1,250,172.99. In other news, Senior Officer Peter Megaw sold 76,291 shares of the firm’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 value of C$1,250,172.99. Also, Senior Officer Michael John Curlook sold 18,779 shares of the firm’s 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. Insiders sold a total of 106,704 shares of company stock valued at $1,752,125 over the last three months. 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.