HC Wainwright set a $17.00 price objective on MAG Silver (NYSEAMERICAN:MAG) in a research report report published on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also recently issued research reports about 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. Roth Capital reiterated a buy rating on shares of MAG Silver in a research note on Wednesday, March 6th. Zacks Investment Research upgraded shares of MAG Silver from a hold rating to a buy rating and set a $11.00 price target on the stock in a research note on Tuesday, March 5th. Finally, Macquarie reiterated a buy rating on shares of MAG Silver in a research note on Friday, April 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MAG Silver currently has an average rating of Buy and an average target price of $15.67.
Shares of MAG Silver stock opened at $9.54 on Tuesday. MAG Silver has a 1-year low of $6.12 and a 1-year high of $12.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FIL Ltd purchased a new position in shares of MAG Silver during the 1st quarter valued at $32,000. Raymond James & Associates purchased a new position in shares of MAG Silver during the 4th quarter valued at $211,000. Signition LP lifted its stake in shares of MAG Silver by 173.9% during the 4th quarter. Signition LP now owns 36,700 shares of the company’s stock valued at $268,000 after buying an additional 23,300 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of MAG Silver during the 4th quarter valued at $306,000. Finally, Global Strategic Management Inc. purchased a new position in shares of MAG Silver during the 4th quarter valued at $369,000.
About MAG Silver
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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