MAG Silver Corp. (TSE:MAG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$25.20.

MAG has been the subject of several recent analyst reports. Raymond James upped their price objective on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Panmure Gordon raised their price target on shares of MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. BMO Capital Markets upped their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. TD Securities raised their target price on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Finally, Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th.

MAG Silver Price Performance

MAG stock opened at C$21.77 on Monday. The company’s 50-day moving average price is C$21.08 and its two-hundred day moving average price is C$19.99. The firm has a market cap of C$2.25 billion, a P/E ratio of 27.56, a P/E/G 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 has a 12 month low of C$11.15 and a 12 month high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02. On average, analysts anticipate that MAG Silver will post 1.2235023 earnings per share for the current fiscal year.

Insider Activity at MAG Silver

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. 0.96% of the stock is currently owned by company insiders.

About MAG Silver

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.