MAG Silver (TSE:MAG) PT Raised to C$22.00 at Canaccord Genuity Group

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective lifted by stock analysts at Canaccord Genuity Group from C$20.00 to C$22.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 32.93% from the stock’s current price.

A number of other research analysts also recently commented on MAG. TD Securities dropped their target price on shares of 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. Stifel Nicolaus lifted their target price on MAG Silver from C$19.50 to C$20.50 in a research report on Friday, April 19th. BMO Capital Markets decreased their target price on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. Raymond James boosted their price objective on MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday. Finally, National Bankshares lowered their target price on shares of MAG Silver from C$21.75 to C$21.50 in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$19.83.

MAG Silver Stock Performance

Shares of MAG stock opened at C$16.55 on Tuesday. The company has a market cap of C$1.70 billion, a P/E ratio of 25.86, a PEG ratio of 0.84 and a beta of 1.00. The firm has a fifty day moving average price of C$13.75 and a 200 day moving average price of C$13.84. 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 has a 12 month low of C$11.15 and a 12 month high of C$18.51.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted 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. Sell-side analysts predict that MAG Silver will post 0.5547739 earnings per share for the current fiscal year.

Insider Buying and Selling at MAG Silver

In other news, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction dated Wednesday, April 3rd. The shares were 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 MAG Silver 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 value of C$184,398.90. Also, Senior Officer Peter Megaw sold 76,291 shares of the 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 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.

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.