MAG Silver Corp. (NYSEAMERICAN:MAG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of MAG Silver Corp. (NYSEAMERICAN:MAG) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.63.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $21.00 target price on shares of MAG Silver in a research note on Tuesday, February 25th.

MAG Silver Trading Down 0.6 %

NYSEAMERICAN MAG opened at $14.95 on Friday. The business’s fifty day moving average is $15.10. The company has a market capitalization of $1.55 billion, a PE ratio of 21.06 and a beta of 1.09. MAG Silver has a fifty-two week low of $8.94 and a fifty-two week high of $18.27.

Institutional Trading of MAG Silver

Institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of MAG Silver in the third quarter worth $28,000. Quantbot Technologies LP bought a new stake in shares of MAG Silver in the third quarter worth $52,000. DF Dent & Co. Inc. bought a new stake in shares of MAG Silver in the third quarter worth $140,000. Pekin Hardy Strauss Inc. acquired a new position in MAG Silver in the third quarter valued at $140,000. Finally, International Assets Investment Management LLC acquired a new position in MAG Silver in the third quarter valued at $148,000. Institutional investors own 52.50% of the company’s stock.

About MAG Silver

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.