MAG Silver (TSE:MAG) PT Lowered to C$20.25

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective lowered by Stifel Nicolaus from C$20.50 to C$20.25 in a report issued on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 14.93% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets cut their price target on MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. Canaccord Genuity Group boosted their price objective on MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James boosted their price objective on MAG Silver from C$19.50 to C$20.50 in a report on Tuesday. TD Securities decreased their price objective on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a report on Wednesday, March 20th. Finally, National Bankshares reduced their price target on MAG Silver from C$21.75 to C$21.50 in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$19.81.

MAG Silver Trading Up 6.5 %

Shares of MAG stock traded up C$1.07 on Thursday, reaching C$17.62. 265,376 shares of the company’s stock were exchanged, compared to its average volume of 273,540. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$18.51. 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 stock has a market capitalization of C$1.81 billion, a PE ratio of 27.55, a P/E/G ratio of 0.84 and a beta of 1.00. The company’s fifty day simple moving average is C$13.75 and its 200 day simple moving average is C$13.84.

MAG Silver (TSE:MAG) (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. As a group, analysts forecast that MAG Silver will post 0.5547739 EPS for the current year.

Insider Activity

In related 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. In other news, Senior Officer Michael John Curlook sold 18,779 shares of the firm’s stock in a transaction 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. Also, Senior Officer Peter Megaw sold 76,291 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total value of C$1,250,172.99. Insiders sold 106,704 shares of company stock worth $1,752,125 over the last ninety days. 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.