In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on MAG Silver (MAG – Research Report), with a price target of C$21.50. The company’s shares opened today at $9.88.
According to TipRanks, MacArthur is a 5-star analyst with an average return of 8.9% and a 51.34% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Franco-Nevada, Centerra Gold, and Teck Resources.
Currently, the analyst consensus on MAG Silver is a Strong Buy with an average price target of $16.53.
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The company has a one-year high of $16.44 and a one-year low of $9.41. Currently, MAG Silver has an average volume of 722.7K.
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MAG Silver (MAG) Company Description:
MAG Silver Corp. engages in the exploration, acquisition, and development of mineral properties. It focuses on silver projects located in the Mexican Silver Belt including Juanicipio and Cinco de Mayo in Mexico. The company was founded on April 21, 1999 and is headquartered in Vancouver, Canada.
Read More on MAG:
- MAG Announces the Appointment of Tom Peregoodoff to the Board of Directors as Part of Planned Board Succession
- MAG Silver price target lowered to C$17.50 from C$21 at CIBC
- MAG Silver upgraded at TD Securities as Juanicipio starts commercial production
- MAG Silver price target lowered to $19 from $22 at Roth MKM
- MAG Silver upgraded to Buy from Speculative Buy at TD Securities
