Shares of MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG have been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$25.45.
Several brokerages have recently weighed in on MAG. Panmure Gordon increased their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Roth Capital lowered shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. CIBC raised their price target on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. TD Securities raised their price target on shares of MAG Silver from C$26.00 to C$27.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus raised their price target on shares of MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th.
Read Our Latest Stock Analysis on MAG
MAG Silver Trading Down 4.2 %
Shares of MAG stock traded down C$1.03 during trading hours on Friday, hitting C$23.22. 245,708 shares of the company were exchanged, compared to its average volume of 182,842. The firm has a market cap of C$1.68 billion, a PE ratio of 22.56, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of C$21.47 and a 200 day moving average of C$20.56.
Insider Activity
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 shares were sold at an average price of C$21.87, for a total transaction of C$1,094,099.92. Insiders own 0.96% of the company's stock.
MAG Silver Company Profile
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Get Free ReportMAG 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%).
Further Reading
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