MAG Silver Corp. (NYSEAMERICAN:MAG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of MAG Silver Corp. (NYSEAMERICAN:MAG) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $18.63.

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

MAG Silver Stock Down 2.4 %

Shares of MAG opened at $15.04 on Friday. The firm has a 50-day moving average of $15.10. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 21.18 and a beta of 1.09. MAG Silver has a 52-week low of $8.88 and a 52-week high of $18.27.

Institutional Investors Weigh In On MAG Silver

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in MAG Silver during the third quarter valued at about $28,000. Quantbot Technologies LP purchased a new stake in shares of MAG Silver in the third quarter worth approximately $52,000. DF Dent & Co. Inc. purchased a new stake in shares of MAG Silver in the third quarter worth approximately $140,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of MAG Silver in the third quarter worth approximately $140,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of MAG Silver in the third quarter worth approximately $148,000. 52.50% of the stock is owned by institutional investors and hedge funds.

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.