Canaccord Genuity Group Boosts MAG Silver (TSE:MAG) Price Target to C$22.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective boosted by Canaccord Genuity Group from C$20.00 to C$22.00 in a research report released on Tuesday, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities analysts have also commented on the stock. National Bankshares lowered their price objective on shares of MAG Silver from C$21.75 to C$21.50 in a research report on Friday, April 19th. Raymond James raised their target price on shares of MAG Silver from C$19.50 to C$20.50 in a report on Tuesday. BMO Capital Markets lowered their target price on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. TD Securities lowered 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 report on Wednesday, March 20th. Finally, Stifel Nicolaus raised their target price on shares of MAG Silver from C$19.50 to C$20.50 in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of C$19.81.

MAG Silver Price Performance

MAG stock opened at C$17.70 on Tuesday. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$18.51. 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 company has a fifty day simple moving average of C$13.87 and a two-hundred day simple moving average of C$13.87. The firm has a market capitalization of C$1.82 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00.

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

Insider Buying and Selling

In related news, Senior Officer Michael John Curlook sold 18,779 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. In other MAG Silver news, Director George Nickolas Paspalas sold 11,634 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total transaction of C$184,398.90. Also, Senior Officer Michael John Curlook sold 18,779 shares of the firm’s stock in a transaction dated 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 valued at $1,752,125 in the last 90 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.