MAG Silver Corp. (NYSEAMERICAN:MAG) Given Consensus Rating of “Moderate Buy” by Analysts

MAG Silver Corp. (NYSEAMERICAN:MAGGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.63.

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

Read Our Latest Analysis on MAG Silver

MAG Silver Stock Performance

NYSEAMERICAN:MAG opened at $15.01 on Friday. MAG Silver has a 52 week low of $8.19 and a 52 week high of $18.27. The firm has a market capitalization of $1.55 billion, a PE ratio of 21.14 and a beta of 1.09.

Institutional Trading of MAG Silver

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in MAG Silver by 211.5% during the third quarter. Barclays PLC now owns 30,780 shares of the company’s stock worth $432,000 after purchasing an additional 20,899 shares during the period. Van ECK Associates Corp boosted its position in MAG Silver by 4.8% during the third quarter. Van ECK Associates Corp now owns 10,231,410 shares of the company’s stock worth $143,649,000 after purchasing an additional 467,817 shares during the period. Strategic Financial Concepts LLC bought a new position in MAG Silver during the fourth quarter worth about $240,000. JPMorgan Chase & Co. boosted its position in MAG Silver by 69.1% during the third quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company’s stock worth $6,407,000 after purchasing an additional 186,445 shares during the period. Finally, PCJ Investment Counsel Ltd. boosted its position in MAG Silver by 38.1% during the third quarter. PCJ Investment Counsel Ltd. now owns 369,290 shares of the company’s stock worth $5,196,000 after purchasing an additional 101,870 shares during the period. Hedge funds and other institutional investors own 52.50% of the company’s stock.

About MAG Silver

(Get Free Report

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.

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Analyst Recommendations for MAG Silver (NYSEAMERICAN:MAG)

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