CIBC Boosts MAG Silver (TSE:MAG) Price Target to C$22.00

MAG Silver (TSE:MAGGet Free Report) (NYSEAMERICAN:MAG) had its price target increased by analysts at CIBC from C$17.50 to C$22.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 18.47% from the company’s current price.

Several other equities analysts also recently issued reports on MAG. Ventum Cap Mkts downgraded MAG Silver from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd. Raymond James increased their price objective on MAG Silver from C$19.50 to C$20.50 in a report on Tuesday, April 23rd. TD Securities lifted their target price on MAG Silver from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Stifel Nicolaus increased their price target on shares of MAG Silver from C$20.25 to C$20.50 in a report on Wednesday, May 15th. Finally, National Bankshares decreased their price objective on shares of MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$20.67.

Check Out Our Latest Stock Report on MAG

MAG Silver Stock Down 2.4 %

TSE MAG traded down C$0.45 during trading on Wednesday, hitting C$18.57. The company’s stock had a trading volume of 118,957 shares, compared to its average volume of 265,716. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$19.30. The company has a market cap of C$1.91 billion, a PE ratio of 29.06, a P/E/G ratio of 0.84 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31. The business’s 50 day simple moving average is C$15.96 and its 200-day simple moving average is C$14.24.

MAG Silver (TSE:MAGGet Free Report) (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.01. On average, equities analysts anticipate that MAG Silver will post 0.7517762 EPS for the current fiscal year.

Insider Activity at MAG Silver

In other news, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. In other MAG Silver news, Director George Nickolas Paspalas sold 11,634 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total transaction of C$184,398.90. Also, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. Insiders sold a total of 106,704 shares of company stock worth $1,752,125 in the last three months. Company insiders own 0.96% 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

Analyst Recommendations for MAG Silver (TSE:MAG)

Receive News & Ratings for MAG Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAG Silver and related companies with MarketBeat.com's FREE daily email newsletter.