MAG Silver Corp. (NYSEAMERICAN:MAG) Given Consensus Rating of "Moderate Buy" by Brokerages

MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) has earned an average rating of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.38.

Several brokerages have commented on MAG. StockNews.com raised shares of MAG Silver from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Roth Capital cut shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Roth Mkm cut shares of MAG Silver from a "buy" rating to a "neutral" rating and raised their price target for the company from $17.00 to $17.50 in a research report on Thursday, October 24th. HC Wainwright raised their price target on shares of MAG Silver from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, Scotiabank raised their price objective on shares of MAG Silver from $14.50 to $15.50 and gave the company a "sector outperform" rating in a report on Monday, August 19th.

MAG Silver Price Performance

Shares of MAG Silver stock traded down $0.12 during mid-day trading on Friday, hitting $15.50. The stock had a trading volume of 486,003 shares, compared to its average volume of 727,692. MAG Silver has a 12-month low of $8.19 and a 12-month high of $18.27. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 22.02 and a beta of 1.12.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. Equities analysts expect that MAG Silver will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of MAG Silver

Institutional investors have recently added to or reduced their stakes in the stock. Perritt Capital Management Inc. purchased a new stake in MAG Silver during the first quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in MAG Silver during the third quarter worth about $28,000. Quantbot Technologies LP acquired a new position in MAG Silver during the third quarter worth about $52,000. Addenda Capital Inc. acquired a new position in MAG Silver during the second quarter worth about $123,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in MAG Silver during the third quarter worth about $140,000. Hedge funds and other institutional investors own 52.50% of the company's stock.

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.