MAG Silver (NYSEAMERICAN:MAG) Price Target Increased to $14.50 by Analysts at Scotiabank

MAG Silver (NYSEAMERICAN:MAG) had its price target lifted by Scotiabank from $13.50 to $14.50 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a sector outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. Ventum Cap Mkts lowered shares of MAG Silver from a buy rating to a neutral rating in a report on Friday, May 3rd. Stifel Nicolaus lifted 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. StockNews.com raised shares of MAG Silver to a sell rating in a report on Wednesday, March 27th. Finally, HC Wainwright reaffirmed a buy rating and set a $17.00 price target on shares of MAG Silver in a report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $18.88.

MAG Silver Stock Up 1.8 %

Shares of NYSEAMERICAN:MAG opened at $13.35 on Thursday. The company has a market capitalization of $1.38 billion, a PE ratio of 23.84 and a beta of 1.10. MAG Silver has a 12 month low of $8.19 and a 12 month high of $14.30.

MAG Silver (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. As a group, research analysts expect that MAG Silver will post 0.59 EPS for the current year.

Institutional Investors Weigh In On MAG Silver

Institutional investors have recently added to or reduced their stakes in the business. Perritt Capital Management Inc. bought a new stake in MAG Silver during the 1st quarter worth approximately $26,000. Banque Cantonale Vaudoise grew its holdings in MAG Silver by 8.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 11,012 shares of the company’s stock worth $116,000 after acquiring an additional 876 shares during the last quarter. Crown Wealth Group LLC bought a new stake in shares of MAG Silver in the 4th quarter valued at $118,000. Quadrature Capital Ltd bought a new stake in shares of MAG Silver in the 3rd quarter valued at $127,000. Finally, Privium Fund Management B.V. boosted its stake in shares of MAG Silver by 44.9% in the 3rd quarter. Privium Fund Management B.V. now owns 15,500 shares of the company’s stock valued at $161,000 after purchasing an additional 4,800 shares during the last quarter. 52.50% of the stock is owned by institutional investors.

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.