HC Wainwright Increases MAG Silver (MAG) Price Target to C$19.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target raised by stock analysts at HC Wainwright from C$18.50 to C$19.00 in a research note issued to investors on Tuesday. HC Wainwright’s target price points to a potential upside of 48.44% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Raymond James Financial set a C$21.00 price objective on MAG Silver and gave the stock an “outperform” rating in a report on Monday, February 5th. National Bank Financial decreased their price objective on MAG Silver from C$21.00 to C$19.00 in a report on Friday, January 26th. Finally, Scotiabank reduced their price target on MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$22.21.

MAG Silver (MAG) traded up C$0.23 on Tuesday, hitting C$12.80. The stock had a trading volume of 143,226 shares, compared to its average volume of 195,747. The stock has a market capitalization of $1,080.00, a P/E ratio of -15.56 and a beta of -0.21. MAG Silver has a 1 year low of C$11.71 and a 1 year high of C$21.99.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Monday, November 13th. The company reported C($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.03) by C$0.02.

In other MAG Silver news, insider Michael John Curlook purchased 5,500 shares of MAG Silver stock in a transaction that occurred on Thursday, November 23rd. The shares were bought at an average price of C$14.10 per share, for a total transaction of C$77,550.00. Also, Director Richard Mark Colterjohn sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$15.10, for a total value of C$30,200.00.

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About MAG Silver

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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