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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, 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 12 month target price among analysts that have issued ratings on the stock in the last year is C$25.45.

Several analysts recently commented on the company. Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. TD Securities raised their target price on MAG Silver from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. 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 report on Thursday, October 24th. BMO Capital Markets raised their target price on MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Finally, Panmure Gordon raised their target price on MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd.

Insider Transactions at MAG Silver

In related news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction on 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 currently owned by insiders.

MAG Silver Stock Performance

Shares of TSE MAG opened at C$24.25 on Friday. The stock’s 50 day moving average price is C$21.36 and its two-hundred day moving average price is C$20.45. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$25.36. The stock has a market capitalization of C$1.76 billion, a P/E ratio of 23.56, a PEG ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, topping 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.

About MAG Silver

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).