TD Securities analyst Craig Hutchison maintained a Buy rating on MAG Silver (MAG – Research Report) today and set a price target of C$18.00. The company’s shares closed today at $9.58.
Hutchison covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Capstone Copper, and Endeavour Silver. According to TipRanks, Hutchison has an average return of 22.2% and a 55.24% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MAG Silver with a $15.69 average price target, a 63.86% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $18.50 price target.
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MAG market cap is currently $943.5M and has a P/E ratio of 19.13.
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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.
