MAG Silver Corp Downgraded to “Neutral” at Pi Financial (MVG)
A number of other analysts have also recently weighed in on MVG. Analysts at TD Securities initiated coverage on shares of MAG Silver Corp in a research note on Thursday, June 19th. They set a “speculative buy” rating and a C$14.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of MAG Silver Corp from C$11.00 to C$12.00 in a research note on Wednesday, May 28th. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial initiated coverage on shares of MAG Silver Corp in a research note on Thursday, May 22nd. They set an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MAG Silver Corp currently has a consensus rating of “Buy” and a consensus price target of $10.70.
MAG Silver Corp (NYSE:MVG) traded down 0.63% on Monday, hitting $9.49. 6,073 shares of the company’s stock traded hands. MAG Silver Corp has a 52 week low of $4.87 and a 52 week high of $10.64. The stock’s 50-day moving average is $8.43 and its 200-day moving average is $7.31. The company’s market cap is $572.1 million.
MAG Silver Corp. is focused on advancing two projects located within the Mexican Silver Belt. Currently, it is in pre-development on the high grade Valdecanas Silver vein and delineating the Desprendido and Juanicipio discoveries in Zacatecas State, all within the joint venture between MAG Silver (NYSE:MVG) and Fresnillo PLC (56%).
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