MAG Silver Corp (MVG) Receives Consensus Recommendation of “Buy” from Analysts
Shares of MAG Silver Corp (NYSEMKT:MVG) have been assigned an average rating of “Buy” from the six ratings firms that are presently covering the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.33.
MVG has been the topic of a number of analyst reports. Roth Capital reissued a “buy” rating on shares of MAG Silver Corp in a research report on Thursday, October 6th. Canaccord Genuity raised MAG Silver Corp from a “hold” rating to a “buy” rating in a research report on Monday, October 3rd. Finally, TD Securities reissued a “hold” rating and issued a $21.00 price target on shares of MAG Silver Corp in a research report on Friday, September 23rd.
MAG Silver Corp (NYSEMKT:MVG) remained flat at $12.52 during trading on Monday. The company has a 50-day moving average price of $13.00 and a 200-day moving average price of $9.54. MAG Silver Corp has a 52 week low of $6.12 and a 52 week high of $14.40.
A hedge fund recently bought a new stake in MAG Silver Corp stock. Goldman Sachs Group Inc. acquired a new stake in MAG Silver Corp (NYSEMKT:MVG) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 309,600 shares of the company’s stock, valued at approximately $2,923,000. Goldman Sachs Group Inc. owned 0.45% of MAG Silver Corp as of its most recent filing with the SEC.
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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