MAG Silver (NYSEAMERICAN:MAG) has been given a $19.00 target price by analysts at HC Wainwright in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price would suggest a potential upside of 90.19% from the company’s current price.

Several other research firms also recently commented on MAG. Zacks Investment Research downgraded shares of MAG Silver from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. BidaskClub downgraded shares of MAG Silver from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Raymond James Financial reissued an “outperform” rating on shares of MAG Silver in a research report on Tuesday, November 21st. Finally, BMO Capital Markets initiated coverage on shares of MAG Silver in a report on Friday, November 17th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $16.60.

Shares of MAG Silver (NYSEAMERICAN:MAG) opened at $9.99 on Tuesday. The company has a market cap of $786.48, a PE ratio of -15.37 and a beta of 0.19. MAG Silver has a 52-week low of $9.29 and a 52-week high of $16.78.

MAG Silver (NYSEAMERICAN:MAG) last posted its earnings results on Monday, November 13th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01.

Several hedge funds and other institutional investors have recently bought and sold shares of MAG. Ninepoint Partners LP bought a new stake in shares of MAG Silver in the third quarter valued at approximately $7,262,000. Commonwealth Bank of Australia raised its position in shares of MAG Silver by 13.4% in the third quarter. Commonwealth Bank of Australia now owns 2,226,940 shares of the company’s stock valued at $24,952,000 after purchasing an additional 263,140 shares during the period. Van ECK Associates Corp raised its position in shares of MAG Silver by 4.4% in the third quarter. Van ECK Associates Corp now owns 4,271,770 shares of the company’s stock valued at $47,972,000 after purchasing an additional 181,120 shares during the period. Canada Pension Plan Investment Board raised its position in shares of MAG Silver by 277.0% in the third quarter. Canada Pension Plan Investment Board now owns 213,441 shares of the company’s stock valued at $2,384,000 after purchasing an additional 156,831 shares during the period. Finally, Ingalls & Snyder LLC bought a new stake in shares of MAG Silver in the fourth quarter valued at approximately $927,000.

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About MAG Silver

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

Analyst Recommendations for MAG Silver (NYSEAMERICAN:MAG)

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