Raymond James Financial Reiterates “C$21.00” Price Target for MAG Silver (MAG)

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) has been assigned a C$21.00 target price by stock analysts at Raymond James Financial in a note issued to investors on Monday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 58.01% from the stock’s current price.

Several other equities analysts also recently commented on the company. National Bank Financial dropped their price objective on MAG Silver from C$21.00 to C$19.00 in a research note on Friday, January 26th. Scotiabank dropped their price objective on MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Finally, HC Wainwright reiterated a “buy” rating on shares of MAG Silver in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. MAG Silver presently has a consensus rating of “Buy” and a consensus price target of C$22.75.

Shares of MAG Silver (MAG) traded up C$0.59 during midday trading on Monday, hitting C$13.29. The stock had a trading volume of 165,651 shares, compared to its average volume of 188,860. MAG Silver has a 12-month low of C$12.63 and a 12-month high of C$21.99. The stock has a market cap of $1,130.00, a P/E ratio of -16.36 and a beta of 0.02.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Monday, November 13th. The company reported C($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.02.

In other MAG Silver news, Director Richard Mark Colterjohn sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$15.10, for a total transaction of C$30,200.00. Also, insider Michael John Curlook bought 22,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were acquired at an average cost of C$13.80 per share, for a total transaction of C$303,600.00.

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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 (TSE:MAG)

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