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

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

A number of brokerages have recently issued reports on MAG. Roth Mkm cut shares of MAG Silver from a “buy” rating to a “neutral” rating and increased their price target for the stock from $17.00 to $17.50 in a research report on Thursday, October 24th. HC Wainwright lifted their price objective on shares of MAG Silver from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. StockNews.com raised shares of MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Roth Capital lowered MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th.

MAG Silver Stock Performance

Shares of MAG stock opened at $16.10 on Wednesday. MAG Silver has a fifty-two week low of $8.19 and a fifty-two week high of $18.27. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 22.68 and a beta of 1.09.

MAG Silver (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. As a group, equities research analysts anticipate that MAG Silver will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MAG Silver

Several hedge funds and other institutional investors have recently modified their holdings of MAG. Capital Performance Advisors LLP acquired a new stake in MAG Silver during the third quarter worth about $28,000. Quantbot Technologies LP bought a new stake in shares of MAG Silver in the 3rd quarter worth approximately $52,000. DF Dent & Co. Inc. bought a new stake in shares of MAG Silver in the 3rd quarter worth approximately $140,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of MAG Silver during the 3rd quarter worth approximately $140,000. Finally, International Assets Investment Management LLC bought a new stake in shares of MAG Silver during the third quarter valued at approximately $148,000. Institutional investors and hedge funds own 52.50% of the company’s stock.

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.