MAG Silver Corp. (TSE:MAG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$23.75.

MAG has been the subject of a number of research reports. TD Securities lifted their price objective on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Raymond James boosted their target price on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Stifel Nicolaus increased their price target on MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. BMO Capital Markets lifted their price objective on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Finally, Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th.

MAG Silver Stock Performance

TSE MAG opened at C$22.87 on Wednesday. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36. The stock has a market cap of C$2.36 billion, a PE ratio of 28.95, a P/E/G ratio of 0.84 and a beta of 1.14. The stock has a fifty day simple moving average of C$20.31 and a 200-day simple moving average of C$18.47. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01.

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.