Stifel Nicolaus Boosts MAG Silver (TSE:MAG) Price Target to C$21.50

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target hoisted by Stifel Nicolaus from C$21.25 to C$21.50 in a research report issued on Tuesday, BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 27.22% from the company’s previous close.

A number of other research firms also recently weighed in on MAG. TD Securities increased their price target on shares of MAG Silver from C$21.00 to C$22.00 in a research note on Monday, July 22nd. Canaccord Genuity Group increased their price target on shares of MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Raymond James raised their target price on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday, April 23rd. Ventum Cap Mkts downgraded shares of MAG Silver from a “buy” rating to a “neutral” rating in a research note on Friday, May 3rd. Finally, National Bankshares raised their target price on shares of MAG Silver from C$21.00 to C$24.00 and gave the company an “outperform” rating in a research note on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$21.17.

MAG Silver Trading Down 3.8 %

TSE MAG traded down C$0.67 during mid-day trading on Tuesday, reaching C$16.90. 173,912 shares of the stock were exchanged, compared to its average volume of 228,779. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$19.65. The business’s fifty day simple moving average is C$17.58 and its 200 day simple moving average is C$15.50. The stock has a market capitalization of C$1.74 billion, a PE ratio of 21.95, a PEG ratio of 0.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 25.31 and a current ratio of 14.66.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.05. On average, research analysts anticipate that MAG Silver will post 0.697861 earnings per share for the current fiscal year.

Insider Activity at MAG Silver

In related news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of C$17.22, for a total transaction of C$72,446.61. Company insiders own 0.96% of the company’s stock.

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.