National Bank Financial Trims MAG Silver (MAG) Target Price to C$21.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price reduced by National Bank Financial from C$23.00 to C$21.00 in a research note issued to investors on Wednesday. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for MAG Silver’s FY2020 earnings at $0.77 EPS.

Other analysts also recently issued reports about the company. HC Wainwright reaffirmed a buy rating on shares of MAG Silver in a report on Wednesday, November 8th. Scotiabank decreased their price target on MAG Silver from C$20.00 to C$19.00 and set an outperform rating for the company in a report on Wednesday, November 15th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of C$22.83.

MAG Silver (MAG) opened at C$13.56 on Wednesday. MAG Silver has a fifty-two week low of C$12.75 and a fifty-two week high of C$21.99.

In other MAG Silver news, insider Michael John Curlook purchased 22,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was bought at an average cost of C$13.80 per share, with a total value of C$303,600.00.

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About MAG Silver

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

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