Several other research analysts have also recently weighed in on MAG. Canaccord Genuity started coverage on shares of MAG Silver Corp in a report on Thursday, June 16th. They set a speculative buy rating and a C$20.50 price objective for the company. Desjardins boosted their price objective on shares of MAG Silver Corp from C$14.00 to C$17.00 and gave the company a hold rating in a report on Wednesday, June 22nd. TD Securities reissued a hold rating and set a C$21.00 price objective on shares of MAG Silver Corp in a report on Wednesday, June 29th. National Bank Financial upped their target price on shares of MAG Silver Corp from C$19.00 to C$22.00 in a report on Wednesday, July 13th. Finally, BMO Capital Markets reaffirmed a market perform rating and set a C$25.00 target price on shares of MAG Silver Corp in a report on Tuesday, August 16th. Four research 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 company’s stock. The stock presently has a consensus rating of Buy and an average target price of C$21.11.
Shares of MAG Silver Corp (TSE:MAG) opened at 20.04 on Friday. The stock’s market cap is $1.61 billion. MAG Silver Corp has a 52-week low of $8.67 and a 52-week high of $23.32. The stock’s 50 day moving average is $21.07 and its 200 day moving average is $17.52.
In other MAG Silver Corp news, Director Daniel Thomas Macinnis sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of C$9.15, for a total value of C$228,750.00.
MAG Silver Corp 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.
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