Stifel Nicolaus Raises MAG Silver (TSE:MAG) Price Target to C$20.50

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target increased by research analysts at Stifel Nicolaus from C$19.50 to C$20.50 in a report issued on Friday, BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 19.39% from the stock’s previous close.

MAG has been the subject of a number of other reports. BMO Capital Markets reduced their price target on shares of MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. TD Securities decreased their target price on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th. Finally, Raymond James cut their price target on MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$19.44.

MAG Silver Stock Performance

Shares of MAG traded up C$0.42 during trading hours on Friday, reaching C$17.17. 106,731 shares of the company traded hands, compared to its average volume of 272,277. The stock has a market capitalization of C$1.77 billion, a P/E ratio of 26.86, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of C$13.35 and a 200-day moving average price of C$13.76. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$18.51.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. Equities analysts anticipate that MAG Silver will post 0.5547739 EPS for the current fiscal year.

Insider Activity

In other MAG Silver news, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89. In other MAG Silver news, Senior Officer Peter Megaw sold 76,291 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Also, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. Insiders have sold 106,704 shares of company stock worth $1,752,125 in the last ninety days. Company insiders own 0.47% 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.