Stifel Nicolaus Increases MAG Silver (TSE:MAG) Price Target to C$20.50

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price lifted by Stifel Nicolaus from C$19.50 to C$20.50 in a report issued on Friday, BayStreet.CA reports.

Several other research firms have also weighed in on MAG. Raymond James decreased their target price on shares of MAG Silver from C$21.00 to C$19.50 and set an outperform rating on the stock in a report on Thursday, March 28th. TD Securities cut 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 report on Wednesday, March 20th. Finally, BMO Capital Markets lowered their target price on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$19.44.

MAG Silver Trading Down 4.7 %

Shares of MAG opened at C$16.26 on Friday. The stock has a market cap of C$1.67 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$18.51. The firm’s fifty day moving average is C$13.54 and its two-hundred day moving average is C$13.80. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03.

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

Insider Buying and Selling at MAG Silver

In related news, Senior Officer Peter Megaw sold 76,291 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In other news, Senior Officer Peter Megaw sold 76,291 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Also, Senior Officer Michael John Curlook sold 18,779 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. Insiders have sold 106,704 shares of company stock valued at $1,752,125 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

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.