Macquarie Reaffirms “Buy” Rating for MAG Silver (MAG)

MAG Silver (NYSEAMERICAN:MAG)‘s stock had its “buy” rating restated by stock analysts at Macquarie in a research note issued to investors on Friday, TipRanks reports.

A number of other equities research analysts also recently weighed in on the stock. Raymond James reiterated an “average” rating and set a $19.00 price target on shares of MAG Silver in a research note on Wednesday, March 6th. BMO Capital Markets restated a “buy” rating on shares of MAG Silver in a research note on Monday, December 17th. Roth Capital restated a “buy” rating on shares of MAG Silver in a research note on Wednesday, March 6th. HC Wainwright reaffirmed a “buy” rating and set a $16.50 price objective on shares of MAG Silver in a report on Thursday, March 7th. Finally, Zacks Investment Research lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.67.

Shares of MAG opened at $10.08 on Friday. MAG Silver has a 52 week low of $6.12 and a 52 week high of $12.00.

Institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its position in MAG Silver by 0.5% in the fourth quarter. CIBC Asset Management Inc now owns 280,342 shares of the company’s stock valued at $2,054,000 after purchasing an additional 1,432 shares in the last quarter. Mackenzie Financial Corp lifted its position in MAG Silver by 0.7% during the 4th quarter. Mackenzie Financial Corp now owns 687,434 shares of the company’s stock worth $5,018,000 after buying an additional 4,834 shares in the last quarter. DF Dent & Co. Inc. bought a new stake in MAG Silver during the 3rd quarter worth about $102,000. FMR LLC lifted its position in MAG Silver by 2.0% during the 3rd quarter. FMR LLC now owns 711,561 shares of the company’s stock worth $5,752,000 after buying an additional 14,060 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of MAG Silver by 39.8% during the 4th quarter. Toronto Dominion Bank now owns 52,818 shares of the company’s stock worth $387,000 after buying an additional 15,039 shares during the last quarter.

MAG Silver Company Profile

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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Analyst Recommendations for MAG Silver (NYSEAMERICAN:MAG)

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