MAG Silver Corp (MAG) Receives Buy Rating from Roth Capital
MAG Silver Corp (TSE:MAG)‘s stock had its “buy” rating reiterated by Roth Capital in a note issued to investors on Tuesday.
Several other research analysts have also recently issued reports on MAG. TD Securities reissued a “hold” rating and set a C$21.00 target price on shares of MAG Silver Corp in a report on Thursday, September 22nd. Raymond James Financial Inc. raised their price target on shares of MAG Silver Corp from C$22.50 to C$23.75 in a research report on Friday, September 23rd. BMO Capital Markets restated a “market perform” rating and set a C$25.00 price target on shares of MAG Silver Corp in a research report on Tuesday, August 16th. Desjardins raised their price target 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. Finally, National Bank Financial raised their price target on shares of MAG Silver Corp from C$19.00 to C$22.00 in a research report on Wednesday, July 13th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. MAG Silver Corp presently has a consensus rating of “Buy” and a consensus target price of C$21.11.
Shares of MAG Silver Corp (TSE:MAG) traded down 10.80% during mid-day trading on Tuesday, hitting $18.09. 337,180 shares of the stock traded hands. The company’s market cap is $1.45 billion. The firm has a 50 day moving average of $20.87 and a 200 day moving average of $17.76. MAG Silver Corp has a 12 month low of $8.67 and a 12 month high of $23.32.
In other news, Director Daniel Thomas Macinnis sold 25,000 shares of MAG Silver Corp 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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