MAG Silver Corp (MAG) Price Target Increased to C$23.75 by Analysts at Raymond James Financial Inc.

MAG Silver Corp (TSE:MAG) had its price objective upped by Raymond James Financial Inc. from C$22.50 to C$23.75 in a report issued on Friday morning.

MAG has been the topic of several other reports. Desjardins upped their price target on MAG Silver Corp from C$14.00 to C$17.00 and gave the company a hold rating in a research report on Wednesday, June 22nd. BMO Capital Markets reissued a market perform rating and set a C$25.00 price target on shares of MAG Silver Corp in a research report on Tuesday, August 16th. TD Securities reissued a hold rating and set a C$21.00 price target on shares of MAG Silver Corp in a research report on Thursday. National Bank Financial increased their target price on MAG Silver Corp from C$19.00 to C$22.00 in a research report on Wednesday, July 13th. Finally, Canaccord Genuity started coverage on MAG Silver Corp in a research report on Thursday, June 16th. They issued a speculative buy rating and a C$20.50 target price on the stock. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of C$21.11.

MAG Silver Corp (TSE:MAG) opened at 21.04 on Friday. MAG Silver Corp has a 1-year low of $8.67 and a 1-year high of $23.32. The stock’s 50 day moving average price is $21.11 and its 200 day moving average price is $17.30. The firm’s market cap is $1.69 billion.

In other news, Director Daniel Thomas Macinnis sold 25,000 shares of the stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of C$9.15, for a total value of C$228,750.00.

MAG Silver Corp Company Profile

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.

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