MAG Silver Corp (NYSEAMERICAN:MAG) has been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $20.50.

MAG has been the topic of several research analyst reports. Roth Capital set a $22.00 target price on shares of MAG Silver and gave the company a “buy” rating in a research note on Monday, August 21st. Zacks Investment Research upgraded shares of MAG Silver from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research note on Wednesday, August 23rd. HC Wainwright restated a “buy” rating and set a $18.50 target price on shares of MAG Silver in a research note on Wednesday, November 8th. Raymond James Financial restated an “outperform” rating on shares of MAG Silver in a research note on Tuesday, November 21st. Finally, BMO Capital Markets initiated coverage on shares of MAG Silver in a research note on Friday, November 17th. They set a “buy” rating on the stock.

Shares of MAG Silver (NYSEAMERICAN:MAG) opened at $10.81 on Thursday. MAG Silver has a 1 year low of $9.50 and a 1 year high of $16.78.

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its holdings in shares of MAG Silver by 33.8% in the third quarter. Jane Street Group LLC now owns 102,810 shares of the company’s stock valued at $1,155,000 after purchasing an additional 25,995 shares in the last quarter. Stifel Financial Corp purchased a new position in MAG Silver during the third quarter worth $137,000. Commonwealth Bank of Australia boosted its stake in MAG Silver by 13.4% during the third quarter. Commonwealth Bank of Australia now owns 2,226,940 shares of the company’s stock worth $24,952,000 after buying an additional 263,140 shares during the period. Investec Asset Management LTD boosted its stake in MAG Silver by 1.6% during the third quarter. Investec Asset Management LTD now owns 396,435 shares of the company’s stock worth $4,428,000 after buying an additional 6,301 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in MAG Silver by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 943,245 shares of the company’s stock worth $10,772,000 after buying an additional 17,739 shares during the period.

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MAG Silver 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.

Analyst Recommendations for MAG Silver (NYSEAMERICAN:MAG)

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