MAG Silver Corp. (NYSEAMERICAN:MAG – Get Free Report) has been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $18.88.
A number of research firms have recently commented on MAG. Scotiabank increased their price objective on shares of MAG Silver from $13.50 to $14.50 and gave the stock a “sector outperform” rating in a research report on Thursday, May 23rd. Stifel Nicolaus increased their price target on MAG Silver from $20.25 to $20.50 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Ventum Cap Mkts lowered MAG Silver from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd. StockNews.com upgraded MAG Silver to a “sell” rating in a research report on Wednesday, March 27th. Finally, HC Wainwright reiterated a “buy” rating and issued a $17.00 target price on shares of MAG Silver in a report on Thursday, May 16th.
MAG Silver Price Performance
MAG Silver stock opened at $13.15 on Friday. MAG Silver has a 1 year low of $8.19 and a 1 year high of $14.30. The company has a market capitalization of $1.36 billion, a PE ratio of 23.48 and a beta of 1.12.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. On average, sell-side analysts predict that MAG Silver will post 0.55 EPS for the current fiscal year.
Institutional Trading of MAG Silver
Several institutional investors have recently made changes to their positions in the company. Perritt Capital Management Inc. bought a new position in shares of MAG Silver in the first quarter valued at approximately $26,000. Banque Cantonale Vaudoise raised its stake in shares of MAG Silver by 8.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 11,012 shares of the company’s stock worth $116,000 after purchasing an additional 876 shares during the period. Crown Wealth Group LLC purchased a new position in shares of MAG Silver in the 4th quarter worth about $118,000. Addenda Capital Inc. bought a new position in MAG Silver during the second quarter valued at about $123,000. Finally, Veracity Capital LLC increased its holdings in MAG Silver by 50.0% during the fourth quarter. Veracity Capital LLC now owns 16,654 shares of the company’s stock worth $173,000 after buying an additional 5,551 shares during the last quarter. Institutional investors own 52.50% of the company’s stock.
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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