MAG Silver Corp. (NYSEAMERICAN:MAG) Receives Average Rating of "Moderate Buy" from Analysts

Shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $18.38.

MAG has been the subject of several research analyst reports. Roth Capital lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Roth Mkm downgraded MAG Silver from a "buy" rating to a "neutral" rating and lifted their target price for the company from $17.00 to $17.50 in a research report on Thursday, October 24th. StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, HC Wainwright raised their target price on shares of MAG Silver from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, November 13th.

MAG Silver Price Performance

Shares of MAG stock traded down $0.26 during trading hours on Friday, reaching $14.04. The company had a trading volume of 426,634 shares, compared to its average volume of 376,672. MAG Silver has a 12-month low of $8.19 and a 12-month high of $18.27. The firm has a market capitalization of $1.45 billion, a PE ratio of 19.77 and a beta of 1.07.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. On average, equities research analysts expect that MAG Silver will post 0.75 EPS for the current year.

Institutional Trading of MAG Silver

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of MAG Silver by 69.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company's stock worth $6,407,000 after acquiring an additional 186,445 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of MAG Silver by 3.6% during the third quarter. Tidal Investments LLC now owns 2,810,051 shares of the company's stock worth $39,453,000 after purchasing an additional 98,312 shares during the last quarter. Barclays PLC grew its position in shares of MAG Silver by 211.5% in the third quarter. Barclays PLC now owns 30,780 shares of the company's stock valued at $432,000 after purchasing an additional 20,899 shares during the period. Public Employees Retirement System of Ohio acquired a new position in MAG Silver in the third quarter valued at $390,000. Finally, DF Dent & Co. Inc. acquired a new position in shares of MAG Silver during the 3rd quarter valued at about $140,000. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

About MAG Silver

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.