MAG Silver Corp. (NYSEAMERICAN:MAG) Receives $18.63 Average PT from Analysts

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

A number of research firms have weighed in on MAG. Roth Capital downgraded MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. HC Wainwright upped their price target on MAG Silver from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Roth Mkm downgraded MAG Silver from a "buy" rating to a "neutral" rating and upped their price target for the stock from $17.00 to $17.50 in a research report on Thursday, October 24th.

MAG Silver Price Performance

Shares of MAG stock traded down $0.32 on Wednesday, reaching $15.79. The company had a trading volume of 745,817 shares, compared to its average volume of 529,993. 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 $1.63 billion, a PE ratio of 22.24 and a beta of 1.09.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. As a group, research analysts anticipate that MAG Silver will post 0.75 earnings per share for the current year.

Institutional Trading of MAG Silver

Large investors have recently modified their holdings of the stock. CIBC Asset Management Inc grew its holdings in shares of MAG Silver by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 114,355 shares of the company's stock worth $1,550,000 after purchasing an additional 755 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MAG Silver during the 3rd quarter worth $28,000. Veracity Capital LLC grew its holdings in shares of MAG Silver by 16.8% during the 3rd quarter. Veracity Capital LLC now owns 16,653 shares of the company's stock worth $234,000 after purchasing an additional 2,396 shares in the last quarter. Quantbot Technologies LP acquired a new stake in MAG Silver in the third quarter valued at about $52,000. Finally, DF Dent & Co. Inc. acquired a new stake in MAG Silver in the third quarter valued at about $140,000. 52.50% of the stock is owned by institutional investors and hedge funds.

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.