MAG Silver Corp. (TSE:MAG) Given Consensus Rating of “Moderate Buy” by Analysts

by · The Markets Daily

Shares of MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$25.20.

A number of research firms have recently commented on MAG. CIBC boosted their price target on shares of MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. TD Securities boosted their target price on MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Raymond James raised their price target on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Finally, Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th.

Check Out Our Latest Research Report on MAG

Insider Activity

In other news, Director George Nickolas Paspalas sold 50,024 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total value of C$1,094,099.92. Corporate insiders own 0.96% of the company’s stock.

MAG Silver Stock Down 4.0 %

MAG stock opened at C$19.12 on Thursday. The stock has a 50-day simple moving average of C$21.95 and a two-hundred day simple moving average of C$19.45. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36. The firm has a market capitalization of C$1.97 billion, a PE ratio of 24.20, a PEG ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01.

MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.02. On average, equities analysts predict that MAG Silver will post 1.2235023 EPS for the current fiscal year.

MAG Silver Company Profile

(Get Free Report

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company’s flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.

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