MAG Silver (NYSEAMERICAN:MAG - Get Free Report) had its target price boosted by stock analysts at Scotiabank from $18.00 to $18.50 in a research report issued on Monday,Benzinga reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's price target would indicate a potential upside of 19.12% from the company's current price. Scotiabank also issued estimates for MAG Silver's FY2026 earnings at $0.52 EPS.
Other equities research analysts also recently issued research reports about the stock. TD Securities upgraded shares of MAG Silver to a "strong-buy" rating in a research report on Monday, March 10th. Roth Mkm reduced their price objective on shares of MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Roth Capital set a $16.00 target price on MAG Silver in a research report on Tuesday, March 25th. HC Wainwright lifted their price target on shares of MAG Silver from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, March 25th. Finally, Raymond James reissued an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, MAG Silver currently has a consensus rating of "Moderate Buy" and an average price target of $18.60.
View Our Latest Analysis on MAG
MAG Silver Stock Down 2.9 %
NYSEAMERICAN MAG traded down $0.47 on Monday, reaching $15.53. 577,947 shares of the stock traded hands, compared to its average volume of 686,609. MAG Silver has a 12 month low of $11.29 and a 12 month high of $18.27. The firm's fifty day simple moving average is $15.54 and its 200 day simple moving average is $15.23. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 21.87 and a beta of 1.09.
Institutional Trading of MAG Silver
Hedge funds have recently bought and sold shares of the stock. Aigen Investment Management LP bought a new stake in MAG Silver in the 4th quarter valued at about $156,000. D. E. Shaw & Co. Inc. bought a new stake in shares of MAG Silver in the fourth quarter valued at approximately $156,000. Verition Fund Management LLC acquired a new stake in MAG Silver during the third quarter worth approximately $168,000. Susquehanna Fundamental Investments LLC bought a new position in MAG Silver during the 4th quarter worth $188,000. Finally, Tradition Wealth Management LLC acquired a new position in MAG Silver in the 4th quarter valued at $222,000. 52.50% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
