MAG Silver (NYSEAMERICAN:MAG) Now Covered by BMO Capital Markets

Analysts at BMO Capital Markets initiated coverage on shares of MAG Silver (NYSEAMERICAN:MAG) in a report issued on Friday, November 17th, Marketbeat reports. The firm set an “outperform” rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded MAG Silver from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, August 23rd. HC Wainwright reaffirmed a “buy” rating on shares of MAG Silver in a research note on Wednesday, November 8th. Roth Capital set a $22.00 target price on MAG Silver and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, BidaskClub cut MAG Silver from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. MAG Silver currently has a consensus rating of “Buy” and an average target price of $16.60.

Shares of MAG Silver (NYSEAMERICAN:MAG) traded up $0.04 during trading on Friday, hitting $10.81. The stock had a trading volume of 331,305 shares, compared to its average volume of 376,689. MAG Silver has a fifty-two week low of $9.50 and a fifty-two week high of $16.78.

Several institutional investors and hedge funds have recently modified their holdings of MAG. Stifel Financial Corp purchased a new stake in shares of MAG Silver during the 3rd quarter valued at $137,000. Quantbot Technologies LP purchased a new stake in shares of MAG Silver during the 2nd quarter valued at $183,000. BlueCrest Capital Management Ltd purchased a new stake in shares of MAG Silver during the 2nd quarter valued at $196,000. Sigma Planning Corp purchased a new stake in shares of MAG Silver during the 2nd quarter valued at $203,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of MAG Silver during the 1st quarter valued at $242,000.

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About MAG Silver

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

Analyst Recommendations for MAG Silver (NYSEAMERICAN:MAG)

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