MAG Silver (TSE:MAG) Given New C$20.50 Price Target at Raymond James

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price upped by Raymond James from C$19.50 to C$20.50 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

Other equities analysts have also issued research reports about the company. BMO Capital Markets cut their target price on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. TD Securities lowered their price target on 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. Stifel Nicolaus increased their price target on MAG Silver from C$19.50 to C$20.50 in a report on Friday, April 19th. Finally, National Bankshares lowered their price target on MAG Silver from C$21.75 to C$21.50 in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$19.83.

MAG Silver Trading Up 2.2 %

TSE:MAG opened at C$16.62 on Tuesday. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$18.51. The business’s 50-day moving average price is C$13.65 and its two-hundred day moving average price is C$13.82. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 0.84 and a beta of 1.00.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. On average, equities analysts expect that MAG Silver will post 0.5547739 earnings per share for the current 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 stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In related news, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction dated Wednesday, April 10th. The stock was 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 stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total value of C$1,250,172.99. Over the last three months, insiders sold 106,704 shares of company stock worth $1,752,125. 0.47% of the stock is owned by corporate insiders.

MAG Silver Company Profile

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.