The MAG Silver Corp (MVG) Earns Buy Rating from Roth Capital

The MAG Silver Corp (MVG) Earns Buy Rating from Roth Capital

Roth Capital reissued their buy rating on shares of MAG Silver Corp (NYSE:MVG) in a research note issued to investors on Thursday.

Several other equities research analysts also recently issued reports on MVG. TD Securities reissued a hold rating and issued a $21.00 price objective on shares of MAG Silver Corp in a research note on Friday, September 23rd. Canaccord Genuity raised MAG Silver Corp from a hold rating to a buy rating in a research note on Monday, October 3rd. Finally, Desjardins reaffirmed a hold rating on shares of MAG Silver Corp in a research note on Wednesday, June 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $18.83.

MAG Silver Corp (NYSE:MVG) opened at 12.52 on Thursday. The firm has a 50 day moving average price of $13.00 and a 200-day moving average price of $9.54. MAG Silver Corp has a 12 month low of $6.12 and a 12 month high of $14.40.

Large investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in MAG Silver Corp by 22.7% in the second quarter. Van ECK Associates Corp now owns 5,543,076 shares of the company’s stock worth $69,874,000 after buying an additional 1,024,031 shares during the period. Public Sector Pension Investment Board purchased a new stake in MAG Silver Corp during the second quarter worth $5,939,000. Mackenzie Financial Corp purchased a new stake in MAG Silver Corp during the second quarter worth $5,325,000. TD Asset Management Inc. increased its stake in MAG Silver Corp by 128.2% in the second quarter. TD Asset Management Inc. now owns 510,667 shares of the company’s stock worth $6,405,000 after buying an additional 286,867 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new stake in MAG Silver Corp during the second quarter worth $2,351,000.

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