MAG Silver Corp. (NYSEAMERICAN:MAG - Get Free Report) has been given an average rating of "Moderate Buy" by the four brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.00.
Several research analysts recently issued reports on the stock. Scotiabank upped their target price on shares of MAG Silver from $14.50 to $15.50 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. HC Wainwright upped their price objective on MAG Silver from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Monday, August 5th.
Check Out Our Latest Research Report on MAG
Several institutional investors have recently made changes to their positions in the company. Perritt Capital Management Inc. purchased a new position in MAG Silver during the 1st quarter valued at about $26,000. Addenda Capital Inc. purchased a new position in shares of MAG Silver during the second quarter valued at approximately $123,000. Banque Cantonale Vaudoise lifted its holdings in shares of MAG Silver by 8.6% during the first quarter. Banque Cantonale Vaudoise now owns 11,012 shares of the company's stock valued at $116,000 after purchasing an additional 876 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of MAG Silver in the 2nd quarter worth approximately $161,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of MAG Silver by 304.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,569 shares of the company's stock worth $299,000 after buying an additional 19,253 shares during the last quarter. Institutional investors own 52.50% of the company's stock.
Shares of NYSEAMERICAN MAG opened at $14.57 on Thursday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 26.02 and a beta of 1.14. MAG Silver has a 52 week low of $8.19 and a 52 week high of $15.54.
MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. On average, equities analysts forecast that MAG Silver will post 0.68 earnings per share for the current fiscal year.
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.
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