MAG Silver (TSE:MAG) Downgraded to “Neutral” at Ventum Cap Mkts

Ventum Cap Mkts cut shares of MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) from a buy rating to a neutral rating in a research report released on Friday, Zacks.com reports.

Several other brokerages also recently weighed in on MAG. 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 research report on Tuesday, April 23rd. Stifel Nicolaus lowered their price target on shares of MAG Silver from C$20.50 to C$20.25 in a report on Thursday, April 25th. Raymond James raised their price target on shares of MAG Silver from C$19.50 to C$20.50 in a report on Tuesday, April 23rd. National Bankshares decreased their price objective on shares of MAG Silver from C$21.75 to C$21.50 in a research report on Friday, April 19th. Finally, BMO Capital Markets dropped their target price on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, MAG Silver presently has a consensus rating of Moderate Buy and a consensus price target of C$19.81.

MAG Silver Trading Up 3.2 %

Shares of MAG opened at C$17.26 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$18.11. The firm has a 50 day moving average price of C$14.63 and a 200-day moving average price of C$13.98. The firm has a market cap of C$1.78 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 0.84 and a beta of 1.08.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01. As a group, equities research analysts forecast that MAG Silver will post 0.7517762 earnings per share for the current year.

Insider Activity at MAG Silver

In other MAG Silver news, Senior Officer Peter Megaw sold 76,291 shares of the firm’s stock in a transaction dated 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. In other MAG Silver news, Senior Officer Peter Megaw sold 76,291 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Also, Director George Nickolas Paspalas sold 11,634 shares of the business’s stock in a transaction 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. Insiders have sold 106,704 shares of company stock worth $1,752,125 over the last 90 days. 0.96% of the stock is owned by company insiders.

MAG Silver Company Profile

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.