Other equities analysts have also issued research reports about the company. Desjardins lifted their price objective on MAG Silver Corp from C$19.00 to C$22.50 in a research note on Tuesday, August 16th. Canaccord Genuity assumed coverage on MAG Silver Corp in a research note on Thursday, June 16th. They set a speculative buy rating and a C$20.50 price objective for the company. National Bank Financial lifted their price objective on MAG Silver Corp from C$19.00 to C$22.00 in a research note on Wednesday, July 13th. BMO Capital Markets reiterated a market perform rating and set a C$25.00 price objective on shares of MAG Silver Corp in a research note on Tuesday, August 16th. Finally, Raymond James Financial Inc. lifted their price objective on MAG Silver Corp from C$22.50 to C$23.75 in a research note on Friday, September 23rd. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. MAG Silver Corp currently has a consensus rating of Buy and an average target price of C$21.11.
Shares of MAG Silver Corp (TSE:MAG) opened at 18.04 on Tuesday. The company has a 50 day moving average price of $20.47 and a 200-day moving average price of $17.84. MAG Silver Corp has a 52-week low of $8.67 and a 52-week high of $23.32. The stock’s market capitalization is $1.45 billion.
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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