MAG Silver Corp’s (MAG) Hold Rating Reiterated at TD Securities
MAG Silver Corp (TSE:MAG)‘s stock had its “hold” rating restated by TD Securities in a research note issued on Thursday. They currently have a C$21.00 price objective on the stock. TD Securities’ price target points to a potential downside of 5.62% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Desjardins raised their price objective on MAG Silver Corp from C$19.00 to C$22.50 in a research note on Tuesday, August 16th. National Bank Financial lifted their price target on MAG Silver Corp from C$19.00 to C$22.00 in a research report on Wednesday, July 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$25.00 price target on shares of MAG Silver Corp in a research report on Tuesday, August 16th. Finally, Canaccord Genuity began coverage on MAG Silver Corp in a research report on Thursday, June 16th. They issued a “speculative buy” rating and a C$20.50 price target on the stock. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. MAG Silver Corp has a consensus rating of “Buy” and an average target price of C$20.29.
Shares of MAG Silver Corp (TSE:MAG) traded down 0.36% during midday trading on Thursday, reaching $22.17. The company’s stock had a trading volume of 183,791 shares. The company’s market capitalization is $1.78 billion. MAG Silver Corp has a 52-week low of $8.67 and a 52-week high of $23.32. The stock has a 50 day moving average price of $21.07 and a 200-day moving average price of $17.19.
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In other news, Director Daniel Thomas Macinnis sold 25,000 shares of MAG Silver Corp 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 transaction 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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