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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three research 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 brokerages that have issued a report on the stock in the last year is C$25.45.

MAG has been the subject of a number of recent analyst reports. CIBC upped their price objective on MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Stifel Nicolaus increased their price target on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Panmure Gordon increased their price target on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Finally, TD Securities increased their price objective on MAG Silver from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Thursday, January 30th.

Insider Activity at MAG Silver

In other news, Director George Nickolas Paspalas sold 50,024 shares of the firm’s stock in a transaction that occurred on 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. Insiders own 0.96% of the company’s stock.

MAG Silver Trading Down 4.4 %

Shares of MAG opened at C$20.45 on Tuesday. 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 has a 12-month low of C$12.12 and a 12-month high of C$25.36. The firm has a market capitalization of C$1.48 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The stock’s fifty day simple moving average is C$21.92 and its 200-day simple moving average is C$21.03.

MAG Silver Company Profile

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%).