MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) was downgraded by stock analysts at Ventum Cap Mkts from a “buy” rating to a “neutral” rating in a research note issued on Friday, Zacks.com reports.
Other analysts have also recently issued reports about the company. Stifel Nicolaus reduced their target price on MAG Silver from C$20.50 to C$20.25 in a report on Thursday, April 25th. 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. National Bankshares cut their price target on shares of MAG Silver from C$21.75 to C$21.50 in a research report on Friday, April 19th. 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 note on Tuesday, April 23rd. Finally, Raymond James raised their target price on MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$19.81.
Read Our Latest Analysis on MAG
MAG Silver Stock Up 3.2 %
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.01. On average, research analysts forecast that MAG Silver will post 0.7517762 EPS for the current year.
Insider Activity at MAG Silver
In other MAG Silver news, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction that occurred 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 news, Senior Officer Michael John Curlook sold 18,779 shares of the business’s 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. Also, Director George Nickolas Paspalas sold 11,634 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total transaction of C$184,398.90. Insiders sold 106,704 shares of company stock valued at $1,752,125 in the last three months. Corporate insiders own 0.96% 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.
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