MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) had its price target upped by stock analysts at Stifel Nicolaus from C$19.00 to C$19.50 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 37.03% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Raymond James upped their price target on shares of MAG Silver from C$21.00 to C$21.50 in a report on Friday, January 12th. BMO Capital Markets lowered their target price on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Finally, TD Securities reduced 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 report on Wednesday, March 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$19.69.
View Our Latest Stock Report on MAG Silver
MAG Silver Stock Performance
MAG Silver Company Profile
MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, copper, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp.
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