Shares of MAG Silver Corp. (NYSEAMERICAN:MAG – Get Free Report) have been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.13.
A number of research analysts recently weighed in on the stock. HC Wainwright lifted their price objective on shares of MAG Silver from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Ventum Cap Mkts lowered shares of MAG Silver from a “buy” rating to a “neutral” rating in a research note on Friday, May 3rd. Scotiabank lifted their price objective on shares of MAG Silver from $13.50 to $14.50 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of MAG Silver from $20.25 to $20.50 and gave the company a “buy” rating in a research note on Wednesday, May 15th.
Read Our Latest Stock Analysis on MAG
Institutional Trading of MAG Silver
Several hedge funds have recently added to or reduced their stakes in MAG. Raymond James Financial Services Advisors Inc. lifted its stake in MAG Silver by 6.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 63,884 shares of the company’s stock worth $665,000 after purchasing an additional 3,950 shares during the last quarter. HTLF Bank bought a new stake in MAG Silver in the fourth quarter worth $291,000. Duality Advisers LP purchased a new position in shares of MAG Silver in the fourth quarter valued at about $255,000. National Bank of Canada FI increased its position in shares of MAG Silver by 5.9% in the fourth quarter. National Bank of Canada FI now owns 240,600 shares of the company’s stock valued at $2,477,000 after acquiring an additional 13,348 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of MAG Silver by 6.1% in the fourth quarter. Private Advisor Group LLC now owns 24,986 shares of the company’s stock valued at $260,000 after acquiring an additional 1,447 shares during the period. 52.50% of the stock is owned by institutional investors.
MAG Silver Trading Up 1.5 %
MAG Silver stock opened at $12.49 on Wednesday. MAG Silver has a 52 week low of $8.19 and a 52 week high of $14.30. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 22.29 and a beta of 1.12.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. As a group, sell-side analysts expect that MAG Silver will post 0.65 earnings per share for the current fiscal year.
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.
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