HC Wainwright reaffirmed their buy rating on shares of MAG Silver (NYSEAMERICAN:MAG - Free Report) in a report issued on Tuesday,Benzinga reports. The firm currently has a $21.00 price target on the stock.
MAG Silver Price Performance
NYSEAMERICAN MAG remained flat at $15.01 during mid-day trading on Tuesday. 570,976 shares of the company traded hands, compared to its average volume of 577,074. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.14 and a beta of 1.09. MAG Silver has a 52-week low of $8.19 and a 52-week high of $18.27.
Institutional Investors Weigh In On MAG Silver
A number of institutional investors have recently modified their holdings of MAG. Capital Performance Advisors LLP acquired a new stake in MAG Silver in the third quarter worth $28,000. Quantbot Technologies LP bought a new position in shares of MAG Silver during the third quarter worth about $52,000. DF Dent & Co. Inc. acquired a new stake in shares of MAG Silver in the 3rd quarter worth about $140,000. Pekin Hardy Strauss Inc. bought a new stake in MAG Silver in the 3rd quarter valued at about $140,000. Finally, International Assets Investment Management LLC acquired a new position in MAG Silver during the 3rd quarter valued at about $148,000. Institutional investors own 52.50% of the company's stock.
About MAG Silver
(
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.
Featured Articles
Before you consider MAG Silver, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MAG Silver wasn't on the list.
While MAG Silver currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
