MAG Silver (TSE:MAG) Price Target Cut to C$21.50 by Analysts at National Bankshares

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target trimmed by National Bankshares from C$21.75 to C$21.50 in a report issued on Friday, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets cut their price target on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. Stifel Nicolaus lifted their target price on shares of MAG Silver from C$19.50 to C$20.50 in a report on Friday. TD Securities decreased their target price on MAG Silver from C$20.00 to C$18.00 and set a buy rating for the company in a research report on Wednesday, March 20th. Finally, Raymond James lowered their price objective on shares of MAG Silver from C$21.00 to C$19.50 and set an outperform rating on the stock in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of C$19.44.

MAG Silver Trading Down 4.7 %

Shares of MAG opened at C$16.26 on Friday. The stock has a market cap of C$1.67 billion, a PE ratio of 25.41, a P/E/G ratio of 0.84 and a beta of 1.00. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$18.51. The business’s 50-day moving average price is C$13.54 and its 200-day moving average price is C$13.80. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. On average, equities analysts forecast that MAG Silver will post 0.5547739 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total value of C$317,552.89. In related news, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. Also, Senior Officer Peter Megaw sold 76,291 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In the last ninety days, insiders sold 106,704 shares of company stock valued at $1,752,125. Company insiders own 0.47% 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.