MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG has been given a consensus rating of "Moderate Buy" by the eight research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$25.20.
Several equities analysts recently issued reports on the company. Panmure Gordon upped their price objective on MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. TD Securities upped their price target on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. BMO Capital Markets lifted their price objective on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Roth Capital cut shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, CIBC lifted their price target on shares of MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd.
Get Our Latest Research Report on MAG
Insiders Place Their Bets
In other news, Director George Nickolas Paspalas sold 50,024 shares of the company's stock in a transaction dated 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. Corporate insiders own 0.96% of the company's stock.
MAG Silver Stock Up 0.4 %
Shares of MAG stock traded up C$0.07 during mid-day trading on Thursday, reaching C$20.07. 31,812 shares of the company's stock traded hands, compared to its average volume of 217,026. The company's 50-day moving average price is C$22.06 and its 200-day moving average price is C$19.41. The company has a market cap of C$2.07 billion, a P/E ratio of 25.41, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 28.03 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 (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping analysts' consensus estimates of C$0.28 by C$0.02. On average, equities analysts expect that MAG Silver will post 1.2235023 earnings per share for the current fiscal year.
About MAG Silver
(
Get Free ReportMAG 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.
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