BMO Capital Markets Cuts MAG Silver (MAG) Price Target to C$22.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective trimmed by BMO Capital Markets from C$23.00 to C$22.00 in a research note released on Wednesday, March 28th.

MAG has been the topic of several other research reports. National Bank Financial dropped their price objective on shares of MAG Silver from C$23.00 to C$21.00 and set an outperform rating on the stock in a report on Wednesday, November 29th. Raymond James Financial set a C$21.00 price objective on shares of MAG Silver and gave the company an outperform rating in a report on Monday, February 5th. Finally, HC Wainwright upped their price objective on shares of MAG Silver from C$18.50 to C$19.00 in a report on Tuesday, February 13th.

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MAG traded up C$0.34 during trading on Wednesday, reaching C$13.80. 347,100 shares of the stock traded hands, compared to its average volume of 203,231. MAG Silver has a 12 month low of C$11.71 and a 12 month high of C$18.31.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Monday, March 26th. The company reported C($0.06) EPS for the quarter.

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MAG Silver Company Profile

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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