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

MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.63.

Separately, HC Wainwright reiterated a "buy" rating and set a $21.00 target price on shares of MAG Silver in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On MAG Silver

Institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in shares of MAG Silver during the 3rd quarter worth approximately $28,000. Quantbot Technologies LP bought a new position in MAG Silver during the 3rd quarter worth approximately $52,000. DF Dent & Co. Inc. bought a new position in MAG Silver during the 3rd quarter worth approximately $140,000. Pekin Hardy Strauss Inc. bought a new position in MAG Silver during the 3rd quarter worth approximately $140,000. Finally, International Assets Investment Management LLC bought a new position in MAG Silver during the 3rd quarter worth approximately $148,000. Institutional investors and hedge funds own 52.50% of the company's stock.

MAG Silver Price Performance

Shares of NYSEAMERICAN:MAG traded up $0.84 during midday trading on Friday, reaching $15.41. 719,082 shares of the company's stock were exchanged, compared to its average volume of 583,173. The business has a 50 day moving average price of $15.10. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 21.70 and a beta of 1.09. MAG Silver has a 12 month low of $8.88 and a 12 month high of $18.27.

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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.