MAG Silver (TSE:MAG - Free Report) NYSEAMERICAN: MAG had its price objective increased by TD Securities from C$26.00 to C$27.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
MAG has been the subject of several other research reports. 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. Panmure Gordon upped their target price on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. CIBC upped their target price on MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Stifel Nicolaus upped their target price on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Finally, BMO Capital Markets upped their target price on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$25.45.
View Our Latest Research Report on MAG Silver
MAG Silver Price Performance
MAG traded up C$0.44 during midday trading on Thursday, hitting C$23.28. The stock had a trading volume of 255,257 shares, compared to its average volume of 140,397. The company has a market cap of C$2.40 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The business has a fifty day moving average of C$21.11 and a 200 day moving average of C$20.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36.
MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.02. As a group, equities analysts forecast that MAG Silver will post 1.2235023 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction 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. 0.96% of the stock is owned by insiders.
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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