MAG Silver Corp’s (MAG) Hold Rating Reaffirmed at TD Securities
MAG Silver Corp (TSE:MAG)‘s stock had its “hold” rating restated by analysts at TD Securities in a research note issued to investors on Thursday, StockTargetPrices.com reports. They currently have a C$21.00 price target on the stock. TD Securities’ price target points to a potential downside of 5.62% from the stock’s current price.
A number of other brokerages have also commented on MAG. Desjardins raised their price objective on MAG Silver Corp from C$19.00 to C$22.50 in a research report on Tuesday, August 16th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$25.00 price target on shares of MAG Silver Corp in a research note on Tuesday, August 16th. National Bank Financial raised their price target on MAG Silver Corp from C$19.00 to C$22.00 in a research note on Wednesday, July 13th. Finally, Canaccord Genuity assumed coverage on MAG Silver Corp in a research note on Thursday, June 16th. They set a “speculative buy” rating and a C$20.50 price target for the company. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$20.29.
MAG Silver Corp (TSE:MAG) traded down 0.40% during trading on Thursday, hitting $22.16. The stock had a trading volume of 206,596 shares. MAG Silver Corp has a 52 week low of $8.67 and a 52 week high of $23.32. The firm’s market cap is $1.78 billion. The company’s 50-day moving average is $21.07 and its 200 day moving average is $17.19.
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In related news, Director Daniel Thomas Macinnis sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The stock was 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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