MAG Silver Corp (MAG) Rating Lowered to Strong Sell at BidaskClub
MAG Silver Corp (NYSEAMERICAN:MAG) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday.
Several other equities analysts have also issued reports on MAG. HC Wainwright reaffirmed a “buy” rating on shares of MAG Silver Corp in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of MAG Silver Corp from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Roth Capital set a $22.00 price target on shares of MAG Silver Corp and gave the stock a “buy” rating in a report on Monday, August 21st. Two analysts have rated the stock with a sell rating, five have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $16.50.
MAG Silver Corp (MAG) opened at $10.47 on Wednesday. MAG Silver Corp has a 1-year low of $9.50 and a 1-year high of $16.78.
Large investors have recently bought and sold shares of the company. Commonwealth Bank of Australia lifted its position in MAG Silver Corp by 66.3% during the second quarter. Commonwealth Bank of Australia now owns 1,963,800 shares of the company’s stock valued at $25,599,000 after purchasing an additional 783,000 shares during the period. Ninepoint Partners LP acquired a new position in MAG Silver Corp during the third quarter valued at $7,262,000. Marshall Wace North America L.P. acquired a new position in MAG Silver Corp during the second quarter valued at $2,466,000. Van ECK Associates Corp lifted its position in MAG Silver Corp by 4.4% during the third quarter. Van ECK Associates Corp now owns 4,271,770 shares of the company’s stock valued at $47,972,000 after purchasing an additional 181,120 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in MAG Silver Corp by 277.0% during the third quarter. Canada Pension Plan Investment Board now owns 213,441 shares of the company’s stock valued at $2,384,000 after purchasing an additional 156,831 shares during the period.
MAG Silver Corp Company Profile
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.
Receive News & Ratings for MAG Silver Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAG Silver Corp and related companies with MarketBeat.com's FREE daily email newsletter.