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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$25.20.

A number of research analysts have recently issued reports on MAG shares. Stifel Nicolaus lifted their target price on shares of MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. Raymond James raised their target price on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets upped their price target on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. TD Securities increased their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Finally, CIBC boosted their target price on shares of MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd.

Insider Activity at MAG Silver

In other news, Director George Nickolas Paspalas sold 50,024 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was 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.

MAG Silver Price Performance

Shares of MAG stock opened at C$20.07 on Thursday. The stock’s fifty day simple moving average is C$22.09 and its 200 day simple moving average is C$19.40. MAG Silver has a one year low of C$11.15 and a one year high of C$25.36. The firm has a market cap of C$2.07 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31.

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