MAG Silver (TSE:MAG) Given New C$21.50 Price Target at National Bankshares

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective trimmed by National Bankshares from C$21.75 to C$21.50 in a report released on Friday, BayStreet.CA reports.

Several other research firms have also commented on MAG. Stifel Nicolaus upped their price objective on MAG Silver from C$19.50 to C$20.50 in a research note on Friday. TD Securities reduced their price objective 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. Raymond James reduced their price objective 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. Finally, BMO Capital Markets reduced their price objective on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. 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.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$19.44.

MAG Silver Price Performance

Shares of MAG opened at C$17.07 on Friday. The firm has a market cap of C$1.76 billion, a PE ratio of 26.67, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of C$13.46 and a two-hundred day simple moving average of C$13.78. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$18.51.

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, beating analysts’ consensus estimates of C$0.18 by C$0.01. On average, equities analysts anticipate that MAG Silver will post 0.5547739 EPS for the current year.

Insiders Place Their Bets

In other MAG Silver news, Director George Nickolas Paspalas sold 11,634 shares of the 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 stock in a transaction dated 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 stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. In the last quarter, insiders sold 106,704 shares of company stock worth $1,752,125. Corporate 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.