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Raymond James issued a report on Mag Silver Corp (TSE:MAG), bumping its target to $23.75 earlier today

Mag Silver Corp (TSE:MAG) had its price target upped to $23.75 by Raymond James in an issued report announced 09/23/2016. The bumped up target indicates a possible upside of 0.12% based on the company's last closing price.

On 9/22/2016, TD Securities released a statement for Mag Silver Corp (TSE:MAG) raised the target price from $0.00 to $21.00. At the time, this suggested a downside of -0.04%.

Displaying a price of $21.18, Mag Silver Corp (TSE:MAG) traded -4.06% lower on the day. With the last stock price close up 22.18% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Mag Silver Corp has recorded a 50-day average of $21.10 and a 200-day moving average of $17.22. 160,190 shares of MAG traded hands, down from an avg. volume of 327,097

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Mag Silver Corp (TSE:MAG)

With a market cap of $0, Mag Silver Corp has 52 week low of $8.67 and a 52 week high of $23.32 .

A total of 11 firms have reported on the stock. 2 analysts rating the company a strong buy, six brokerages rating the company a buy, four equity analysts rating the company a hold, zero analysts rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $16.18.

General Information About Mag Silver Corp (TSE:MAG)

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. Juanicipio Property is located in the Fresnillo District, Zacatecas State, Mexico. The Juanicipio Property includes silver-gold-lead-zinc epithermal vein deposit. The Company owns the mineral concessions comprising the Cinco de Mayo Property. The Cinco de Mayo Property is located approximately 190 kilometers northwest of the city of Chihuahua, in northern Chihuahua State, Mexico, and covers approximately 25,110 hectares. The Company owns the Guigui project located in the Santa Eulalia Mining District of Chihuahua, Mexico. Guigui project consists of approximately 8,300 hectares.

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