MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$19.65 and last traded at C$18.85, with a volume of 9353 shares. The stock had previously closed at C$18.28.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. TD Securities increased their price objective on MAG Silver from C$21.00 to C$22.00 in a report on Monday, July 22nd. Raymond James raised their price target on MAG Silver from C$19.50 to C$20.50 in a report on Tuesday, April 23rd. National Bankshares raised their price target on MAG Silver from C$21.00 to C$24.00 and gave the company an “outperform” rating in a report on Wednesday, May 29th. Canaccord Genuity Group raised their price target on MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus increased their price objective on MAG Silver from C$20.25 to C$20.50 in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.06.
Read Our Latest Report on MAG Silver
MAG Silver Price Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.05. As a group, research analysts predict that MAG Silver Corp. will post 0.697861 EPS for the current year.
Insider Activity
In other news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$17.22, for a total transaction of C$72,446.61. Corporate insiders own 0.96% 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.
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