MAG Silver Corp. (TSE:MAG) Receives C$23.75 Consensus PT from Analysts

MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG has been assigned an average rating of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$23.75.

Several brokerages recently issued reports on MAG. Raymond James boosted their price objective 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. Roth Capital downgraded shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. BMO Capital Markets raised their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. TD Securities increased their target price on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Finally, Stifel Nicolaus lifted their price target on MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st.

MAG Silver Trading Down 1.5 %

Shares of MAG stock traded down C$0.35 on Wednesday, reaching C$22.52. The company had a trading volume of 392,191 shares, compared to its average volume of 225,043. The stock has a market cap of C$2.32 billion, a PE ratio of 28.95, a PEG ratio of 0.84 and a beta of 1.14. The company has a 50-day moving average of C$20.31 and a 200-day 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 has a 12 month low of C$11.15 and a 12 month high of C$25.36.

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.