MAG Silver (TSE:MAG) Price Target Cut to C$21.50 by Analysts at National Bankshares

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target dropped by equities research analysts at National Bankshares from C$21.75 to C$21.50 in a note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 25.22% from the company’s current price.

Several other equities analysts also recently issued reports on MAG. BMO Capital Markets cut their target price on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. Raymond James reduced their target price on shares of MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating for the company in a report on Thursday, March 28th. Stifel Nicolaus boosted their target price on shares of MAG Silver from C$19.50 to C$20.50 in a research report on Friday. Finally, TD Securities reduced their price objective on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$19.44.

MAG Silver Stock Up 2.5 %

Shares of TSE MAG traded up C$0.42 during mid-day trading on Friday, reaching C$17.17. 106,731 shares of the company were exchanged, compared to its average volume of 272,277. The firm has a 50-day moving average of C$13.35 and a 200 day moving average of C$13.76. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$18.51. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. The stock has a market cap of C$1.77 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 0.84 and a beta of 1.00.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. On average, research analysts expect that MAG Silver will post 0.5547739 earnings per share for the current year.

Insider Buying and Selling

In other news, Director George Nickolas Paspalas sold 11,634 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total transaction of C$184,398.90. In related news, Senior Officer Peter Megaw sold 76,291 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total value of C$1,250,172.99. Also, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total transaction of C$184,398.90. In the last quarter, insiders sold 106,704 shares of company stock valued at $1,752,125. 0.47% of the stock is owned by corporate insiders.

MAG Silver Company Profile

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.