MAG Silver (MAG) Price Target Raised to C$19.00 at HC Wainwright

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price lifted by HC Wainwright from C$18.50 to C$19.00 in a report released on Tuesday morning.

A number of other research analysts also recently issued reports on MAG. National Bank Financial cut their price objective on shares of MAG Silver from C$27.00 to C$23.00 and set an outperform rating on the stock in a research report on Wednesday, November 8th. Scotiabank cut their price objective on shares of MAG Silver from C$20.00 to C$19.00 and set an outperform rating on the stock in a research report on Wednesday, November 15th. Finally, Raymond James Financial set a C$21.00 price objective on shares of MAG Silver and gave the stock an outperform rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. MAG Silver has an average rating of Buy and an average target price of C$22.21.

MAG Silver (MAG) opened at C$13.44 on Tuesday. MAG Silver has a 12-month low of C$11.71 and a 12-month high of C$21.65. The stock has a market cap of $1,150.00, a P/E ratio of -16.39 and a beta of -0.21.

In other news, insider Michael John Curlook acquired 22,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were purchased at an average price of C$13.80 per share, with a total value of C$303,600.00. Also, Director Richard Mark Colterjohn sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of C$15.10, for a total transaction of C$30,200.00.

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MAG Silver Company Profile

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

Analyst Recommendations for MAG Silver (TSE:MAG)

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