MAG Silver (NYSEAMERICAN:MAG - Get Free Report) had its price target lifted by stock analysts at HC Wainwright from $18.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. HC Wainwright's target price points to a potential upside of 35.14% from the stock's current price.
Other equities analysts have also issued research reports about the stock. Roth Mkm lowered shares of MAG Silver from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $17.00 to $17.50 in a research report on Thursday, October 24th. Roth Capital cut MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Scotiabank lifted their price objective on MAG Silver from $14.50 to $15.50 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. Finally, StockNews.com upgraded MAG Silver from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, MAG Silver currently has a consensus rating of "Hold" and a consensus target price of $18.38.
Check Out Our Latest Analysis on MAG Silver
MAG Silver Price Performance
NYSEAMERICAN MAG traded down $0.42 during trading hours on Wednesday, hitting $14.80. The company had a trading volume of 445,485 shares, compared to its average volume of 725,923. MAG Silver has a 1-year low of $8.19 and a 1-year high of $18.27. The company has a market capitalization of $1.53 billion, a PE ratio of 21.44 and a beta of 1.12.
MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. On average, research analysts expect that MAG Silver will post 0.71 earnings per share for the current year.
Hedge Funds Weigh In On MAG Silver
Institutional investors have recently made changes to their positions in the stock. Perritt Capital Management Inc. bought a new stake in MAG Silver in the 1st quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in shares of MAG Silver during the third quarter valued at approximately $28,000. Quantbot Technologies LP acquired a new position in shares of MAG Silver during the third quarter worth approximately $52,000. Addenda Capital Inc. bought a new position in MAG Silver in the 2nd quarter worth approximately $123,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in MAG Silver in the 3rd quarter valued at approximately $140,000. 52.50% of the stock is owned by institutional investors.
MAG Silver Company Profile
(
Get Free Report)
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.
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