MAG Silver (NYSEAMERICAN:MAG) had its target price raised by HC Wainwright from $16.50 to $18.50 in a report issued on Monday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.
Separately, Zacks Investment Research raised MAG Silver from a hold rating to a strong-buy rating and set a $12.00 price target on the stock in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $16.50.
Shares of NYSEAMERICAN:MAG opened at $11.85 on Monday. MAG Silver has a 1 year low of $6.12 and a 1 year high of $12.95.
MAG Silver (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01.
Institutional investors have recently bought and sold shares of the stock. FIL Ltd purchased a new stake in MAG Silver during the first quarter valued at $32,000. Confluence Investment Management LLC purchased a new stake in MAG Silver during the second quarter valued at $146,000. Capital Wealth Planning LLC purchased a new stake in MAG Silver during the second quarter valued at $211,000. Amundi Pioneer Asset Management Inc. purchased a new stake in MAG Silver during the second quarter valued at $249,000. Finally, Signition LP increased its position in MAG Silver by 66.0% during the second quarter. Signition LP now owns 31,700 shares of the company’s stock valued at $334,000 after acquiring an additional 12,600 shares during the last quarter.
About MAG Silver
MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Mexico. It explores for silver, gold, lead, and zinc deposits. The company primarily holds interest in the Juanicipio property covering an area of approximately 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.
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