MAG Silver (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) had its target price cut by Stifel Nicolaus from C$20.50 to C$20.25 in a report published on Thursday, BayStreet.CA reports.
MAG has been the topic of several other reports. National Bankshares decreased their target price on shares of MAG Silver from C$21.75 to C$21.50 in a report on Friday, April 19th. BMO Capital Markets decreased their target price on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. TD Securities reduced their price target on shares of 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. Raymond James boosted their price target on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday. Finally, Canaccord Genuity Group boosted their price target on shares of MAG Silver from C$20.00 to C$22.00 and gave the company a buy rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, MAG Silver presently has an average rating of Moderate Buy and a consensus target price of C$19.81.
View Our Latest Analysis on MAG Silver
MAG Silver Stock Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last posted its earnings results 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. Analysts forecast that MAG Silver will post 0.5547739 EPS for the current year.
Insider Buying and Selling
In related news, Director George Nickolas Paspalas sold 11,634 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total transaction of C$184,398.90. In related news, Director George Nickolas Paspalas sold 11,634 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were 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 company’s 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. Insiders have sold a total of 106,704 shares of company stock valued at $1,752,125 in the last ninety days. Company 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.
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