Several other brokerages have also weighed in on MAG. Desjardins lifted their target price on shares of MAG Silver Corp from C$14.00 to C$17.00 and gave the company a hold rating in a research report on Wednesday, June 22nd. Canaccord Genuity started coverage on shares of MAG Silver Corp in a research report on Thursday, June 16th. They set a speculative buy rating and a C$20.50 target price on the stock. National Bank Financial lifted their target price on shares of MAG Silver Corp from C$19.00 to C$22.00 in a research report on Wednesday, July 13th. Finally, BMO Capital Markets reiterated a market perform rating and set a C$25.00 target price on shares of MAG Silver Corp in a research report on Tuesday, August 16th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of C$21.11.
Shares of MAG Silver Corp (TSE:MAG) opened at 20.43 on Thursday. The firm’s market cap is $1.64 billion. The company’s 50-day moving average is $21.09 and its 200 day moving average is $17.45. MAG Silver Corp has a 1-year low of $8.67 and a 1-year high of $23.32.
In other MAG Silver Corp news, Director Daniel Thomas Macinnis sold 25,000 shares of the business’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of C$9.15, for a total value of C$228,750.00.
About MAG Silver Corp
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.
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