MAG Silver Corp. (NYSEAMERICAN:MAG) has earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $24.42.
Several research firms have weighed in on MAG. Stifel Nicolaus boosted their price target on MAG Silver from $27.75 to $29.00 and gave the company a “buy” rating in a research note on Monday, February 8th. BMO Capital Markets dropped their price target on MAG Silver from $23.50 to $22.50 and set an “outperform” rating on the stock in a research note on Thursday, January 28th. TD Securities boosted their price target on MAG Silver from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Thursday, January 7th. Zacks Investment Research downgraded MAG Silver from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 2nd. Finally, Raymond James upped their target price on MAG Silver from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, January 15th.
Shares of MAG traded down $0.10 during trading hours on Tuesday, hitting $21.38. The company had a trading volume of 99,104 shares, compared to its average volume of 839,738. The company has a market cap of $2.03 billion, a P/E ratio of -102.28 and a beta of 1.19. MAG Silver has a one year low of $3.84 and a one year high of $24.43. The business’s fifty day moving average price is $17.12.
About MAG Silver
MAG Silver Corp. focuses on the acquisition, exploration, and development of mineral properties primarily in the Americas. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico.
Recommended Story: Hang Seng Index (HSI)
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.