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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$25.20.

Several research analysts have issued reports on MAG shares. Raymond James raised their price target on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Panmure Gordon increased their price target on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. TD Securities boosted their price objective on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. CIBC raised their target price on MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd. Finally, BMO Capital Markets increased their price target on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th.

Insider Buying and Selling

In other MAG Silver news, Director George Nickolas Paspalas sold 50,024 shares of MAG Silver stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$21.87, for a total transaction of C$1,094,099.92. 0.96% of the stock is owned by company insiders.

MAG Silver Price Performance

MAG stock opened at C$21.94 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$25.36. The company has a market capitalization of C$2.26 billion, a P/E ratio of 27.77, a PEG ratio of 0.84 and a beta of 1.14. The company has a fifty day moving average price of C$21.04 and a 200-day moving average price of C$19.79.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.02. As a group, equities analysts expect that MAG Silver will post 1.2235023 EPS for the current year.

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.