Roth Capital Analysts Give MAG Silver Corp (MAG) a $22.00 Price Target
MAG Silver Corp (NYSE:MAG) has been assigned a $22.00 price objective by Roth Capital in a report released on Monday. The firm presently has a “buy” rating on the industrial goods maker’s stock. Roth Capital’s target price would suggest a potential upside of 71.61% from the stock’s previous close.
MAG has been the topic of a number of other reports. Zacks Investment Research downgraded shares of MAG Silver Corp from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. BMO Capital Markets upgraded shares of MAG Silver Corp from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $18.00 to $9.50 in a report on Friday, May 26th. One analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company’s stock. MAG Silver Corp presently has an average rating of “Buy” and a consensus price target of $16.75.
MAG Silver Corp (NYSE:MAG) traded up 0.39% on Monday, hitting $12.82. 172,472 shares of the stock traded hands. The company’s 50 day moving average price is $12.95 and its 200-day moving average price is $13.27. MAG Silver Corp has a 52-week low of $9.50 and a 52-week high of $18.12. The stock’s market cap is $1.04 billion.
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Hedge funds have recently bought and sold shares of the company. A.R.T. Advisors LLC acquired a new stake in MAG Silver Corp during the fourth quarter worth $114,000. UBS Asset Management Americas Inc. acquired a new stake in MAG Silver Corp during the fourth quarter worth $164,000. Quantbot Technologies LP acquired a new stake in MAG Silver Corp during the second quarter worth $183,000. BlueCrest Capital Management Ltd acquired a new stake in MAG Silver Corp during the second quarter worth $196,000. Finally, Sigma Planning Corp acquired a new stake in MAG Silver Corp during the second quarter worth $203,000.
MAG Silver Corp Company Profile
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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