HC Wainwright Increases MAG Silver (MAG) Price Target to C$19.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target hoisted by equities research analysts at HC Wainwright from C$18.50 to C$19.00 in a research report issued on Tuesday. HC Wainwright’s target price suggests a potential upside of 42.11% from the stock’s previous close.

Several other research firms also recently weighed in on MAG. National Bank Financial dropped their price target on MAG Silver from C$27.00 to C$23.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Raymond James Financial set a C$21.00 price target on MAG Silver and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, Scotiabank dropped their price target on MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Wednesday, November 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. MAG Silver presently has a consensus rating of “Buy” and an average target price of C$22.21.

MAG Silver (TSE MAG) opened at C$13.37 on Tuesday. The firm has a market capitalization of $1,080.00, a price-to-earnings ratio of -16.30 and a beta of -0.21. MAG Silver has a 1 year low of C$11.71 and a 1 year high of C$21.65.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings results on Monday, November 13th. The company reported C($0.01) earnings per share for the quarter, topping the consensus estimate of C($0.03) by C$0.02.

In other news, Director Richard Mark Colterjohn sold 2,000 shares of MAG Silver stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of C$15.10, for a total value of C$30,200.00. Also, insider Michael John Curlook acquired 22,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average cost of C$13.80 per share, with a total value of C$303,600.00.

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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 (TSE:MAG)

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