MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) had its target price decreased by research analysts at National Bankshares from C$21.75 to C$21.50 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 25.95% from the stock’s previous close.
A number of other brokerages also recently commented on MAG. Raymond James lowered their price target on shares of MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating for the company in a report on Thursday, March 28th. BMO Capital Markets lowered their price target on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. TD Securities lowered their price target on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a report on Wednesday, March 20th. Finally, Stifel Nicolaus increased their price objective on shares of MAG Silver from C$19.50 to C$20.50 in a research report on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, MAG Silver currently has a consensus rating of “Moderate Buy” and an average target price of C$19.44.
Read Our Latest Research Report on MAG Silver
MAG Silver Stock Up 1.9 %
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. Analysts forecast that MAG Silver will post 0.5547739 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Peter Megaw sold 76,291 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total value of C$1,250,172.99. In other news, Senior Officer Michael John Curlook sold 18,779 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. Also, Senior Officer Peter Megaw sold 76,291 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Insiders have sold 106,704 shares of company stock valued at $1,752,125 in the last ninety days. 0.47% of the stock is owned by company insiders.
About MAG Silver
MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.
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