MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG's share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$21.08 and traded as high as C$21.38. MAG Silver shares last traded at C$20.84, with a volume of 106,409 shares trading hands.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. CIBC increased their price target on shares of MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. Stifel Nicolaus raised their price target on shares of MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. Raymond James upped their target price on MAG Silver from C$23.00 to C$26.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. BMO Capital Markets upped their target price on MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Finally, TD Securities raised their price target on shares of MAG Silver from C$26.00 to C$27.00 and gave the stock a "buy" rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.45.
View Our Latest Stock Report on MAG Silver
MAG Silver Stock Down 3.0 %
The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The company's 50-day simple moving average is C$21.05 and its two-hundred day simple moving average is C$20.09. The firm has a market cap of C$2.36 billion, a PE ratio of 28.91, a PEG ratio of 0.84 and a beta of 1.14.
MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last released its earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, beating analysts' consensus estimates of C$0.28 by C$0.02. On average, analysts predict that MAG Silver Corp. will post 1.2235023 earnings per share for the current fiscal year.
Insider Transactions at MAG Silver
In related news, Director George Nickolas Paspalas sold 50,024 shares of the business'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. Corporate insiders own 0.96% of the company's stock.
About MAG Silver
(
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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.
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