MAG Silver (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) had its price target cut by Stifel Nicolaus from C$20.50 to C$20.25 in a research note released on Thursday morning, BayStreet.CA reports.
Other analysts have also issued reports about the stock. 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, April 23rd. National Bankshares cut their target price on shares of MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. Canaccord Genuity Group upped their target price on shares of MAG Silver from C$20.00 to C$22.00 and gave the stock a buy rating in a research note on Tuesday, April 23rd. TD Securities cut 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 note on Wednesday, March 20th. Finally, BMO Capital Markets cut their target price on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, MAG Silver has a consensus rating of Moderate Buy and an average price target of C$19.81.
Check Out Our Latest Report on MAG Silver
MAG Silver Stock Up 0.2 %
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last issued its quarterly earnings results 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. Analysts predict that MAG Silver will post 0.5547739 EPS for the current year.
Insider Activity at MAG Silver
In related news, Senior Officer Peter Megaw sold 76,291 shares of the company’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 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 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 106,704 shares of company stock valued at $1,752,125 over the last three months. 0.47% of the stock is owned by corporate 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.
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