MAG Silver (TSE:MAG) Sets New 12-Month High at $20.36

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) reached a new 52-week high during trading on Tuesday . The company traded as high as C$20.36 and last traded at C$20.24, with a volume of 121076 shares. The stock had previously closed at C$19.24.

Analyst Ratings Changes

Several research firms have recently issued reports on MAG. TD Securities lifted their price target on MAG Silver from C$21.00 to C$22.00 in a research report on Monday, July 22nd. National Bankshares upped their target price on shares of MAG Silver from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. Finally, Stifel Nicolaus raised their price target on shares of MAG Silver from C$21.25 to C$21.50 in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$21.17.

MAG Silver Stock Performance

The company has a market cap of C$2.10 billion, a P/E ratio of 24.35, 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. The business has a fifty day simple moving average of C$17.94 and a two-hundred day simple moving average of C$16.81.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.27 by C$0.01. On average, sell-side analysts anticipate that MAG Silver Corp. will post 1.2205607 EPS for the current year.

MAG Silver Company Profile

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.