HC Wainwright set a $19.00 price objective on MAG Silver and gave the stock a "buy" rating in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. The stock has "Outperform" rating by Raymond James on Monday, June 27. The firm issued a buy rating and a $20.00 price target on the basic materials company's stock.
The stock decreased 0.93% or $0.14 during the last trading session, reaching $14.45. The stock has a consensus rating of "Buy" and an average target price of $16.60.
In the case of Pan American Silver Corp, the RSI reading has hit 29.9 - by comparison, the universe of metals and mining stocks covered by Metals Channel now has an average RSI of 45.1, the RSI of Spot Gold is at 40.2, and the RSI of Spot Silver is presently 31.0.
Equities research analysts at National Bank Financial upped their FY2017 EPS estimates for MAG Silver in a research note issued on Wednesday.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. BMO Capital Markets assumed coverage on shares of MAG Silver in a research note on Friday, November 17th. MAG Silver has a fifty-two week low of $9.50 and a fifty-two week high of $16.78. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.70%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd purchased a new position in MAG Silver in the 2nd quarter worth approximately $196,000. Advisor Group Inc. now owns 21,567 shares of the basic materials company's stock worth $362,000 after purchasing an additional 800 shares in the last quarter. Legal & General Group Plc grew its stake in Pan American Silver by 5.7% during the 2nd quarter. The company traded as low as C$18.20 and last traded at C$18.45, with a volume of 47501 shares traded. Finally, Blair William & Co.
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Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The firm owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.