Raymond James analyst Brian MacArthur maintained a Buy rating on MAG Silver (MAG – Research Report) today and set a price target of C$20.50. The company’s shares closed today at $12.16.
MacArthur covers the Basic Materials sector, focusing on stocks such as MAG Silver, Coeur Mining, and Franco-Nevada. According to TipRanks, MacArthur has an average return of 9.9% and a 55.92% success rate on recommended stocks.
Currently, the analyst consensus on MAG Silver is a Strong Buy with an average price target of $14.90, representing a 22.58% upside. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a C$22.00 price target.
Based on MAG Silver’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $23.69 million. In comparison, last year the company had a GAAP net loss of $18.93 million
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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 Silver price target raised to C$20.50 from C$19.50 at Stifel
- MAG Silver price target lowered to C$21.50 from C$21.75 at National Bank
- MAG Silver price target raised to C$21.75 from C$21 at National Bank
- MAG Silver price target lowered to $16 from $19.50 at H.C. Wainwright
- MAG Silver price target raised to C$19.50 from C$19 at Stifel
