MAG Silver Corp. (NYSEAMERICAN:MAG) Receives $18.88 Consensus PT from Analysts

Shares of MAG Silver Corp. (NYSEAMERICAN:MAG) have earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.88.

A number of equities analysts recently issued reports on MAG shares. HC Wainwright reaffirmed a “buy” rating and set a $17.00 target price on shares of MAG Silver in a research report on Thursday, May 16th. StockNews.com raised shares of MAG Silver to a “sell” rating in a report on Wednesday, March 27th. Scotiabank boosted their price target on shares of MAG Silver from $13.50 to $14.50 and gave the company a “sector outperform” rating in a report on Thursday, May 23rd. Stifel Nicolaus boosted their price target on shares of MAG Silver from $20.25 to $20.50 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Ventum Cap Mkts lowered shares of MAG Silver from a “buy” rating to a “neutral” rating in a report on Friday, May 3rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MAG. Invesco Ltd. raised its position in shares of MAG Silver by 8.8% in the 3rd quarter. Invesco Ltd. now owns 1,465,920 shares of the company’s stock valued at $15,202,000 after acquiring an additional 118,211 shares during the period. Toronto Dominion Bank raised its position in shares of MAG Silver by 11.7% in the 3rd quarter. Toronto Dominion Bank now owns 49,634 shares of the company’s stock valued at $515,000 after acquiring an additional 5,206 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of MAG Silver in the 3rd quarter valued at approximately $127,000. Public Sector Pension Investment Board increased its stake in MAG Silver by 2.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 200,173 shares of the company’s stock worth $2,079,000 after purchasing an additional 4,012 shares in the last quarter. Finally, Hedges Asset Management LLC increased its stake in MAG Silver by 10.5% during the 4th quarter. Hedges Asset Management LLC now owns 63,000 shares of the company’s stock worth $656,000 after purchasing an additional 6,000 shares in the last quarter. 52.50% of the stock is currently owned by institutional investors and hedge funds.

MAG Silver Stock Down 0.8 %

Shares of MAG Silver stock opened at $11.58 on Tuesday. MAG Silver has a 1-year low of $8.19 and a 1-year high of $14.30. The firm has a market capitalization of $1.19 billion, a PE ratio of 20.68 and a beta of 1.12.

MAG Silver (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. As a group, analysts anticipate that MAG Silver will post 0.55 EPS for the current year.

MAG Silver Company Profile

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.